What are you paying for car insurance?
- Thread starter rudebwoy
- Start date
Albertron
Sparrow
$700/year in Western Canada (Alberta)
Liability insurance for a 1997 Honda Civic.
I used to be an Insurance Advisor, so I knew which triggers would help the rate go down. :angel:
Toronto has one of the highest rates of insurance because of population. More drivers = more accidents. However, the highest in Ontario is Brampton, a suburb of Toronto. Some of the worst I've ever seen, paying 1.5x to 2x the rate of Torontonian drivers.
Liability insurance for a 1997 Honda Civic.
I used to be an Insurance Advisor, so I knew which triggers would help the rate go down. :angel:
Toronto has one of the highest rates of insurance because of population. More drivers = more accidents. However, the highest in Ontario is Brampton, a suburb of Toronto. Some of the worst I've ever seen, paying 1.5x to 2x the rate of Torontonian drivers.
$45 a month mothaahfuckas.
Albertron
Sparrow
Moma said:
Actually, population is very strongly correlated with your insurance rates. That and demographics of where you live. If I got the same coverage in Toronto as I do here, I'd be paying $2800/year over there easy. If there are more people who can drive cars, there are more accidents. Accidents lead to claims being paid out, which comes out from the pool of premiums we all pay. So more drivers = a bigger premium pool, meaning higher premiums for each driver.
There's a governing body for insurance in Canada that all rates have to be approved through before they can establish the rates in any given region. That's why there are certain triggers in terms of your driving and insurance history that may bring your rates up or down.
I'll name a few triggers here that'll have an effect on your premium:
- Age: under 25 means you're a high risk driver. Period.
- Parking address: if you live in a safe neighbourhood where very few accidents happen, and the population is low, cheaper rates. As per my own experience. I pay $700 here in Edmonton, Alberta but for the same coverage, I'd be paying $2800 in Toronto.
- Type of car: trucks, SUVs, large cars in general get cheaper rates. Bodily injury claims pay out the most because medical payments > physical damage (to the car) payments. Thus, smaller cars like Honda Civic and Chevy Cav's have higher rates.
- Bundled coverage: most companies provide a multi-product discount: i.e. if you get home insurance, you'll save x% on both car and home insurance. Or if you have 2 cars with us, you'll save y% on both cars
- Distance driven: Some companies charge more for longer distances driven, as well as for commute driving vs. pleasure driving
- Driving history: a no brainer, but the more driving exp you got, and a cleaner record means better rates
- Insurance history: again, no brainer, but the longer you've had continuous insurance for, the better your rates will be
So that's the majority of the things to keep in mind when you're shopping around for insurance and trying to keep your rates down.
1700/year-Germany
my insurance is about 100 euros a year, living in Tallinn, Estonia. 1999 Peugeot. crazy that some of you are paying couple of hundred per month. I was just browsing car ads and thinking of buying 2007 Audi A4. Total lease for the Audi with 2 mandatory insurances and also car payments would be around 200 euros a month.
rudebwoy said:
$0.00
That's, Zero fools.
And who said I spend tons of money?
I pay 450 on a 03 mustang, plus I have to rent an alco-lock breathalyzer to start my car which costs 150 a month. So I'm $600 out the gate before I start paying for over priced gas. Living the dream 
Bad Hussar
Kingfisher
rudebwoy said:
Don't know abut every province, but in BC basic insurance can only be issued by ICBC (i.e. they are a monopoly). They use their monopoly position to hire 3x the number of people required to run the business, and the top brass pay themselves handsome bonuses despite the fact they are a Crown Corporation with a state sponsored and enforced monopoly (i.e. they are stealing money from the public). In Ontario I understand they have private insurers, but the system is set up in such a way that it is anything but a free market.
If you compare the car insurance rates for Person A living in city X in Canada to his risk profile Doppelganger living in equivalent city Y in the USA the Canadian will pay much, much more for the same level and type of cover. It is the price of government monopoly (in the case of BC) and (I think) government laws governing the market in Ontario. I'm less certain of other provinces.
Ben Kenobi
Pigeon
$110 a month for combo car insurance and renters insurance.
32 year old male
Atlanta, GA
2011 Kia Forte
32 year old male
Atlanta, GA
2011 Kia Forte
Yes. My car insurance bill has gone up every year.
On top of that, I just found out that my insurance company has gone woke - "Diversity, Equity, Inclusivity" - as you can see below article. Currently I am looking for a different insurance company.
Don't Stop At Bud Light--Geico Needs To Be Next
Geico has gone woke
Geico is going above and beyond to let the world know that it sides with the people that want to force our country into its own demise. Need proof of that? Well take a look at the front of their website.
The company is putting its best foot forward by declaring their "commitment to diversity, equity and inclusion." What that really means is they might discriminate against you if you aren’t a member of a favorable minority group, a female or a member of the alphabet community.
Over the last few weeks I've spoken with sources within the company. The company has gone completely WOKE over the last few months. Internally, they are pressuring their employees to include their "preferred pronouns" in their email signatures.
They’ve also offered to pay the travel expenses for their employees looking to travel out-of-state for an abortion, according to sources.
As if that wasn’t bad enough—last year Geico attempted to pressure some of its own employees by forcing them to attend a mandatory meeting regarding the Buffalo mass shooting. During the meeting, management asked employees to donate money to the victims’ families. Geico executives did all of this while ignoring the shooting that took place in a Taiwanese church. I reached out to Geico directly for comment on this exclusive story and they did not respond.
If you're looking to explore how WOKE Geico has gone, head over to their website. Click on their “diversity, equity and inclusion” tab. That's where you'll see Geico pretending to pride itself on the increase in hiring minorities and women. You'll also notice that Geico is highlight its DEI hirings with videos and photos throughout their website.
Earlier today, I canceled my renters insurance policy with Geico after I discovered they had accepted Marxism into their company. Companies like these need to learn the hard way. As a woman, I will not support these kind of hiring practices. So join me in making sure Geico gets the Bud Light treatment!
