Damn, you guys have it nice! When I bought my first bimmer my yearly premium was in the region of $3,000 on a 318is.
I was 20 at the time. (Several) years later and I'm paying alot less.
Because insurance is so damn high here, it's unusual to see younger drivers with a bimmer, or if they have one, it's usually a beater with a 1.6 engine.