CO yeah.... you should have done traffic school to remove some of the points. Contact your insurance company about that.
How soon do you turn 18? Cause a license suspension will also raise your insurance about 70% regardless of what it is for and it stays on your record for a few years. So if you are 16, not that big of a deal... 17 about to be 18, it will be very expensive for a year or 2 after it gets reinstated.
best thing to do though, see about taking a driver safety course. I did it when I was 17 for cheaper insurance.