[Giller]

First, I find it hard to believe you can find ANY insurance for only $26/month that you claim for your honda. That's seriously crazy low unless you have virtually no coverage.
Anyways - it must be to do with age. Sportscars are certainly going to cost you way more than a Honda when you are under 25. It's not the value of the car - it's the power and perception. It's assumed anyone under 25 buying this type of car is going to do one thing and one thing only.
And with an at-fault accident already - yeah, you will be charged a lot of a performance car.