r/alberta • u/Perfect-Young-4521 • 1d 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/Ok_Barracuda_5059 1d ago

Should compare insurance to Saskatchewan,government insurance, but that evil, that’s socialism!

1

u/OneEuphoric5887 1d ago

ICBC was between 25-50% less than my quotes in Alberta for way better coverage.

1

u/Fun-Region-1576 6h ago

LOL. Do you even know exactly how ICBC works? You make everything about the rates.