can instagrams be hacked?

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Yes, anything on the Internet can be. 

Since my password is "password", hackers are not likely to figure it out. I use the same password for all of my social media and banking.  Talk about hiding in plain site- God I'm such a genius!

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Yes, they frequently are. Learn more about hacked Instagram accounts including what to do if your Instagram account has been hacked in this Instagram help article:

https://help.instagram.com/368191326593075/?helpre...

Anything on the web can be, but would a hacker go after you, that is doubtful.

anything is possible but i would hope not

Of course they can, many celebrities have had their Instagrams hacked, any of your social media pages can be hacked. Anything with a username/password can.

yes they absolutely can be