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How the could car insurance cost $4500 a year? What are you doing in Canada?
by kolbe 8y ago
How the could car insurance cost $4500 a year? What are you doing in Canada?
- breitling 8y agoThe icing on the cake is that he's not even in an area known for expensive insurance (Toronto)
- stuckinarut 8y agoAccidents and multiple tickets crank it way up.
- mrtron 8y agoMinimum coverage is fairly comprehensive, and they love to charge the hell out of younger folks.
- theandrewbailey 8y agoIf a car loan is involved, maximum insurance might be required as a condition. Combining that with young male driver, you get a very large number. Also, Canadian dollars, not USD.
- nikanj 8y agohttps://globalnews.ca/news/2447804/metro-vancouver-the-luxury-car-capital-of-north-america/ https://globalnews.ca/news/2447804/metro-vancouver-the-luxur... Repair costs go hand-in-hand with car prices. Add in icy roads for extra fun.
- slavik81 8y agoIt's a $30,000 car and the insurance is probably comprehensive. He could save money by only buying 3rdparty liability (the legally required coverage). If you could afford to replace the car, that's usually the better option.
- qbrass 8y agoThe problem with just having liability is that it greatly reduces the responsibility of others to repair or replace your car if they hit it. Depending on where you live, you might only get a few hundred dollars from them if they total your car. You may be willing to pay out of pocket if you crash your $30,000 car into a tree, but you'll probably want someone else to pay for it if they run into it while it's parked.
- walrus01 8y agoHe's in Alberta, which has privately run competition in auto liability insurance. It's BC where ICBC has a government-mandated monopoly on the liability insurance. You can only buy private comprehensive in BC.