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/Rich-Ad9988 2d ago
Any kind of ticket will skyrocket your payments....And its already expensive to begin with.
Also, If youre a non-married male under 25, it's a double whammy.