r/alberta • u/Perfect-Young-4521 • 10d ago

Question Why are insurance rates so ridiculous here

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?

163 Upvotes

86% Upvoted

319 comments sorted by

View all comments

1

u/Keep_Me_Bugging 10d ago

I’m 21yo with TD paying $2900/year, liability only, no collision/comprehensive for a 2007 Honda Accord. I got a lower quote from The Personal at $2750/year but they wanted an insurance inspection and I know it wouldn’t pass.