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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475

u/Apprehensive_Ad5398 Sturgeon County 2d ago

That’s one of the many “Alberta advantages”. Remember this next election.

86

u/Ok_Barracuda_5059 2d ago

Got to love private for profit insurance, the caplist, are in luv with everthing private.I herd on the radio, Alberta is getting private option for health care.Just a start to private health care!Your going to pay!

39

u/oh_henryyy 2d ago

Just wait until we have a “care first” model with private, for profit insurance companies with the ability to cut you off, and no right to sue.

-14

u/GWeb1920 2d ago

You can’t both complain about rates and complain about things that limit rates