How much is a M3 insurance?

[apyip]

Just out of curosity, I called my friendly insurance company, AXA for a quote.

A 2004, M3 Cabrio @ AED120k with private parking came to a staggering AED8.5K. Moreover, this is with my 50% NCB and I am already 36.

Is this right? Wondering what you guys are paying? Any recomendations?