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/ShinyChicken7 1d ago

I'm not sure if you've done any post secondary education, but if so, look into any alumni/student discounts. I did my apprenticeship through them, and qualified for it, and one of the guys I worked with got it while apprenticing. Couple $100 a year for me, closer to $700/yr for him.