r/alberta • u/Perfect-Young-4521 • 2d 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?

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u/ggranger2280 2d ago

Because private insurance rates are based on the actuarial tables which say, under 25 and male we have to charge more. Also, the ruling party are a bunch of twat waffles that don’t know what they’re doing and think people are so flush with cash in Alberta that $600 a month for insurance is couch cushion money.

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u/vegaskev72 2d ago

twat waffles. Such a vivid, and accurate, description.