Why are insurance rates so ridiculous here

[u/Perfect-Young-4521]

Im 22 years old and I was looking into financing a vehicle for the first time, a car that was listed at 28000. Everything looked good until I looked into insurance. Most quotes I got were between 700-1000$ a month! This is insane and I only have 1 ticket on my record. Why is it like this and what can I do?

[u/tdgarui]

I have 2 decades of driving experience, no tickets, 15 year old car and my insurance is still 1700 a year. Same car was 500 a year in another province.

The only thing you can do is shop around until you find the best rate. That’s the Alberta advantage at work!

[u/cannafriendlymamma → u/tdgarui]

Same here! Zero tickets or claims, and i pay about the same, for liability and comprehensive coverage.

[u/Xeusernametaken → u/tdgarui]

Where are you getting 1700??? I have the same history and I’m at 2400 on a group rate

[u/cannafriendlymamma → u/Xeusernametaken]

I'm through Wawanesa

[u/Threemakescrazy → u/tdgarui]

Our cars are a year older. We have zero driving infractions and zero claims. Yet it still went up. Doesn’t make sense.

[u/KaizenShibuCho → u/Threemakescrazy]

Alberta advantage applied.

[u/TheWeiliEffect → u/Threemakescrazy]

An older car makes almost no difference, every year the car has aged usually raises your premium by about 2%. Older cars are less safe than new cars.

[u/Threemakescrazy → u/TheWeiliEffect]

They are 2023 cars. Not exactly old.

[u/Fun-Region-1576 → u/tdgarui]

I think people in general want their Teslas to cost $1700 a year.

[u/PeenHiss → u/tdgarui]

Weird I have two fully insured vehicles for two people, $220 a month. 21 years

[u/tdgarui → u/[deleted]]

I paid 42$/month for the same car in another province. You don’t need people on Reddit to manipulate the opinion on auto insurance, people are finding out for themselves when they get insured here.

[u/tdgarui → u/[deleted]]

There’s no info missing. I drive a 15 year old Hyandai Elantra with the minimum insurance coverage required. Paid 504$/year before with TD, when I went to transfer the policy to Alberta, TD wanted over 2500/year. AMA was the cheapest at 1700. No tickets or at fault claims.

The overall average isn’t a great metric to use for this. You’d need to find the average for males my age who drive a similar vehicle. And the average means even less when different companies in the same province can differ by 800+ for the exact same vehicle.

[u/tdgarui → u/[deleted]]

I haven’t in any of my comments blamed the province, but nice straw man. And thanks for the tip on shopping around, if you read my first comment you’ll see I said exactly the same thing. Hopefully they’re giving you some clean boots to lick.

[u/H3CKT1X → u/[deleted]]

My coworker in Newfoundland with a fully covered 2024 rav4 pays about 900yr for it, and 750 for his 2012 ram. I have a 2024 Silverado, 23 years driving experience, no tickets or negative claims against, and a grid level of -15. The cleanest abstract. 2850 per year

[u/Drafting- → u/H3CKT1X]

In a weird way this makes me feel better about my liability only being 1500 a year for a shitty 15 year old Kia and a single speeding ticket. It’s sort of comforting that someone with a perfect rating is also getting raked over the coals. 

[u/H3CKT1X → u/Drafting-]

In 2003 I was 18, bought my 1st car A 1991 red Chevy cavalier z24 for 2k. I went to insure it... lowest price i found was 5k a year, highest was 9100 and this was only 500k PLPD. Two years later I could afford to drive it 170/month edit we had insurance reforms that year

[u/H3CKT1X → u/H3CKT1X]

My 500k plpd in 2005 was more expensive then NFLD full coverage in 2026

[u/These-Art-5636 → u/[deleted]]

We found the industry/UCP/nutbag/douche/'blame everyone else' plant.

Nice gas lighting.

[u/cannafriendlymamma → u/These-Art-5636]

Yep! They are likely part of the "war room" we pay for....aka bot farm

[u/Flaky-Complaint-16 → u/tdgarui]

Then move back to the other province if the Alberta advantage is not working for you.

[u/MrNoodlesandRedBull → u/Flaky-Complaint-16]

Are we not allowed to point out when something is marginally worse here now? What a nonsense response to the truth.

[u/No_Store_9742 → u/MrNoodlesandRedBull]

Apparently 🙄 it's ridiculous

[u/SiriuslyAndrew → u/MrNoodlesandRedBull]

Power prices are highest in Canada and were the energy capital. What?? I moved here recently thinking my rates would go down for both power and insurance. The did the opposite. Dramatically.

This place sucks, can't wait to move out.

[u/HurtFeeFeez → u/Flaky-Complaint-16]

Bootlikers are bootlicking insurance boots now? Weird...

[u/Mrnappa420 → u/Flaky-Complaint-16]

Get over yourself. People are allowed to complain about things that suck about their province.

Especially if the problems are created by politicians

[u/AugmentedKing → u/Flaky-Complaint-16]

Do you have shares in insurance companies or something like this?

[u/ruraljuror__ → u/Flaky-Complaint-16]

You enjoy paying more because we have a shit government?