You're right, but $590/month is insane.
"Honda Civic" has one of the highest premium rate as it's regarded as the most stolen/demanded vehicle in Canada. Yet, most Bangladeshis would either drive a Civic or a Camry.
- A G license would reduce your premium by 10% (apprx).
- A full defensive driving course (10 classes + road practice) would reduce by 10% (apprx)
- +25 age would reduce by 10% (apprx)
I had none of the above when I first bought my car (328i) in student life (outside GTA) and used to pay $140/mo (I ensured to get a quote online first before buying the car). Now, I drive a G35 and pay $160/mo for both auto insurance (full coverage) and home insurance. I still have G2, live outside GTA and over 25 now. But I stayed in Toronto Downtown with the same premium for a year.
So, avoid GTA