Well, that's what it felt like for sure when I called to get my insurance on my "new" car. They only charged me $367. I swear, that was about what I paid the first time I ever got car insurance.
There are 3 reasons for the low rate. The first, there isn't a lot of opportunity to get into a car accident where I live. Car insurance is already very cheap in the North West Territories. Second is that it really isn't for a full year, but rather expires in May when my existing policy on the prelude expires. Third, it is a duel ownership policy, so it is 15% off the regular rate, and it is a refund of 15% on the rest of the policy on the prelude.
But heck, when I called for a quote yesterday I was quoted $882, so the $367 was quite unexpected.