I'm sure someone will insure you on a 16V if the price is right. One of my m8's wanted to drive an mr2 turbo when he was 18. Rang round loads of insurance companies and no one would go near him. He eventually found a place which would take him on but they wanted 6 grand

. He ended up in his moms Astra

.But it does show if you have the money you can get the insurance. Keep trying