At least you're not Rhys Barker, a 27-year-old from Salford Quays in Manchester who hit a real traffic jam when he was quoted a cool £1.2million to insure his £1,400 Vauxhall Corsa - despite having made no claims in the two years he has been driving.
Barker, a project analyst at Manchester United, received the jaw-dropping quote from insurer Zenith, which kindly offered to allow him to pay in monthly instalments - of an initial £233,000 then 10 months at £104,000 - to help him cope with the cost.
He told the Daily Mail: "I went through all the questions and then the quote came up for £1,165,977.75. I was convinced it must be a mistake, so I called them up on their helpline.
"They didn't even seem to be shocked by it. They checked it for me and then said it was right."
Barker believes that Zenith simply did not want him as a customer, and was therefore trying to put him off by quoting him an astronomical annual premium.
"I'm convinced they were just trying to price me out of buying insurance with them but it's a ridiculous way of doing it, he said.
At 27 and with a clean licence, Barker should be able to find a much more reasonable quote elsewhere - although the fact that he has just two years of driving experience will push up the price across the board.
For new drivers, however, the cost of insuring a car - while not usually in the millions - can prove prohibitive.
That was the case for newly qualified driver Kaljeet Bansal from Harehills, Leeds, who was amazed to find no quotes of under £20,000 when she tried to insure her £400, 800cc Daewoo Matiz.
The 18-year-old, who passed her driving test on the first attempt, was advised to try calling insurers rather than asking for online quotes so that her risk profile could be more accurately assessed.