If you choose any sort of worthwhile coverage (accident liability, medical coverage), it's going to be sky high. AT LEAST 1200 a year or more. That bike is too much for such a young and (no offense) inexperienced driver. Insurance companies will take one look at you and see a liability statistic.
your best bet is to get an older bike. Something like an older ninja 500, gs500f, or something will be a LOT more affordable.