Assuming you are on 10g, you can also use the MERGE statement. This allows you to insert the row if it doesn't exist and ignore the row if it does exist. People tend to think of MERGE when they want to do an "upsert" (INSERT if the row doesn't exist and UPDATE if the row does exist) but the UPDATE part is optional now so it can also be used here.
SQL> create table foo (
2 name varchar2(10) primary key,
3 age number
4 );
Table created.
SQL> ed
Wrote file afiedt.buf
1 merge into foo a
2 using (select 'johnny' name, null age from dual) b
3 on (a.name = b.name)
4 when not matched then
5 insert( name, age)
6* values( b.name, b.age)
SQL> /
1 row merged.
SQL> /
0 rows merged.
SQL> select * from foo;
NAME AGE
---------- ----------
johnny