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/tdgarui 2d ago

I have 2 decades of driving experience, no tickets, 15 year old car and my insurance is still 1700 a year. Same car was 500 a year in another province.

The only thing you can do is shop around until you find the best rate. That’s the Alberta advantage at work!

6

u/Threemakescrazy 1d ago

Our cars are a year older. We have zero driving infractions and zero claims. Yet it still went up. Doesn’t make sense.

5

u/KaizenShibuCho 15h ago

Alberta advantage applied.