wow that insane ...
i though i was paying a lot ( £585 a year )
Yes it is insane, although
@Adam Khan‘s age (19) and having earned at most two years no claims discount will be contributing to an expensive insurance premium. Also, young drivers and performance cars is a combination that most insurers consider as a high risk and not in their preferred / target customer segment, so they may set their prices to discourage attracting or retaining these customers.
Some insurers quote ‘attractive’ premiums to buy in new customers, and then ramp up the price significantly at policy renewal time. That’s could also be a factor with the OP’s renewal price.
@Adam Khan - As others have suggested, it’ll probably be beneficial to go through a broker, some of whom will have specialist scheme arrangements with specific insurers for young drivers and / or performance cars. They’ll do the legwork for you and should be able to find a better price than you’ve been quoted by Admiral. If you’ve not already done so, you might also want to consider opting to take an increased voluntary excess or restricting your estimated annual mileage which should
help reduce your premium, although as you’re a young driver, your compulsory excess may already be quite high and you might not want to increase it further.