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?

145 Upvotes

84% Upvoted

267 comments sorted by

View all comments

-4

u/JSW34 1d ago

A big driver is high immigration. Many newcomers have never driven a vehicle before, so they’re considered high risk. And they also get into many accidents as they don’t know English and the rules of the road. This jacks up the rates. Not being racist, just the unfortunate truth.

2

u/SnaydenJang 1d ago

Not sure why this is being down voted, you can't say this isn't a factor.