Is a car dealership allowed to let you drive off the lot with liability insurance?

I am in quite a situation, I financed a 2004 Ford Mustang 40th Anniversary Edition car from a local car dealership in South Carolina. When I got my loan they told me my payment would be 261.00, I told them I wasn't familiar with what sort of insurance I needed and they offered to set it up for me. They called Geico and then told me my insurance would be 150 a month, I got out a pen and added 261 and 150 and decided to get the car because it fit into my budget. 4-5 months later I get a letter from the bank telling me I have the wrong insurance and I need full coverage which will cost me about 520 a month instead of 150. I can't afford that insurance and the lowest quote I can get is for 380 which is still to much. My question is, is this a matter I could get a lawyer and sue over? My credit is completely destroyed now because I can't afford the car / insurance so I can't just trade it in and get a new car financed. I also have no one to co-sign for me. 10pts to most helpful ans.

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