Varies massively from state to state, need to be more specific.
Insurance is not that bad, providing you have an address you can use.
Cost: two words:Automatic Transmission. If this hold up you can get a good deal, or you can end up with an expensive dog if it gives out. I paid $950 for an Aerostar Van that lasted well for 6 weeks. Sold it to a dealer just before I left for half that. If I had had more time I could have sold it for similar.