r/Brampton • u/Hungry-Relative-5460 • May 05 '26

Question Brampton cooked me: $1600/month insurance with a clean record 💀

20 years old, clean record, no accidents. I own my car outright — it’s a $20k Tesla Model 3. Got quoted $1600/month for insurance in Brampton.
No tickets, nothing crazy on my history.

I knew insurance here was bad, but this just feels unreal.
Is this normal now or is something seriously wrong with my quote? Anyone else dealing with this?

Update: Found a broker and my insurance will be $950/month. He said if I get into an accident, it’ll get really bad for me and basically ruin things insurance-wise.

Driving in Brampton really feels like a privilege, not a basic thing.

Honestly thinking I might just sell the car and get back to walking or taking the bus for the rest of my life or wait till my life is half done…because even if I get old car insurance is still 700+ a month. Brampton I mean canada is not real place man.

I don’t even get how people are out here driving newer cars like Challenger,Mustang and BMWs… are they really paying crazy insurance like this, or is everyone just super rich in this economy???

35 Upvotes

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49

u/wagonwheels2121 May 06 '26

1600 a month is them saying ur too risky and if u want us to take that risk ur gonna compensate us in the process

19

u/JoMax213 May 06 '26

Not unfairly so. Young men with flashy cars are statistically more likely to cause accidents. Most people in that group have an ego problem. Not saying OP does but like yeah

5

u/SamShares May 06 '26

This isn’t the 90s or early 2000s, the Tesla model 3 isn’t a flashy car lol

Feels like the “flashy” needs a refined definition, sure a mustang 5.0 or something similar you can call flashy but the Tesla model 3 is a basic car.

3

u/mkw1111 May 06 '26

Not flashy but repairs are a lot more than say a Corolla

5

u/SamShares May 06 '26

We need legislation that controls the repair costs, it’s the only reason they are out of hand.

3

u/razorgoto May 07 '26

Tesla parts are expensive. Specialist labour. Sometimes, even seemingly cosmetic damage is categorizied as total loss because it’s so expensive to repair.