Insurance rate really depends on the car, I was paying $300 a month when I was 18.
Those legends are rusting out, parts are becoming less available, and 200,000km is too much for $4000, definitely in a Legend. Maybe 5 years ago it would have been okay, but now they are just getting too old if you want reliability. With this kind of used car market you can get something way better than a 94' Legend for $4k, just stay away from JDM if this is going to be your sole vehicle.
What are your goals with this car? Do you want just a daily driver, something fun to drive, something to learn about cars with?
1978 Porsche 924//1987 Chevrolet Chevette
//1987 Kia Besta//2000 Audi A6//2013 VW Jetta//2006 Kawasaki ZX6