Yeah, nice looking ride.
And yes, insurance sucks at a young age. My first car was a Camaro(V8).....was not cheap.
But, you'll only be a cop magnet if you give them a reason. As long as you don't do anything dumb, you won't have problems. I never did, and back when I got my license, V* sports cars were a big thing, but I never had a problem with cops( although, it's mostly cuz I didn't get caught).