Do you live in Redfern? haha
Im under 25 man ... and pay far less than that! but probably lower agree value.
But insurance companies are stupid. My missus got her renewal from NRMA and it had increased $300 over the previous years premium, an online quote with much cheaper than the renewal notice but more than previous year. Then signed up with RACQ for $600 cheaper than the renewal notice...
What is the spec of your wheels? width and offset (including spacers)?
Im on the hunt for wheels and finding it impossible to find something that will fill the guards in 5x100 PCD