I'm with AAMI

I'm 20 years old.
Model: 2002 S2000 (It is my first car)
I'm paying (under my name):
$1800 P.A
Excess of $875
Agreed Value: $29,000

Postcode: 2766
Parents have been under AAMI for 10 years, if that contributes to the price?

I'm not sure whether to be happy or not about the price?