LF:Cheap Toronto Car Insurance

[D-3vil]

The value of the car has nothing to do with the price of 3rd party insurance. It does not cover your own car but the other cars on the road. In fact, a $500 older car may cost more than a $5000 newer car in insurance because it may consider to be more dangerous on the road. BTW, I don't even know if you can certifiy a $500 car.

The insurance price quoted is purely mathematical, and based on several factors. The insurace company first looks at the car, and at past claim rates for that particular model (in other words, how expensive has it been for them to insure your car in the past?). Then they look at the driver, and do the same thing. Add all this to your insurance options (coverage, liability etc etc) and they'll give you the cost of insurance (also including their administration fees etc).

So, theoretically, a 2-door sports coupe can be less expensive to insure than a 5 door ugly car IF that ugly car model has a lot of claims against it and the 2-door car has relatively few claims. Of course, this doesn't happen in the real world, since people who want to go fast (males under 25 belonging in this category) choose the 2-door sports coupe. There are exceptions to this. 2 years ago, when I bought my '93 240SX coupe, insurance prices were average for it. Now they're above average, as the claims for the model have changed.

[garks]

my brothers 20 currently, turning 21 soon
will his insurance drop?
i thought price drops at 25? or when he gets married?

[gq_fuzion]

its 25 average
4 years from the time you get your g

each year you go throgh with a clean record, you get a star

after you get the 4 stars, thats when your insurance will go down

[D-3vil]

my brothers 20 currently, turning 21 soon
will his insurance drop?
i thought price drops at 25? or when he gets married?

His insurance will drop a little when he turns 21 (as a guideline, rental companies only rent to you if you're 21 and older). He will also become a 5-star driver (I'm assuming he's got a clean record) the moment he has 5 years of experience (5 yrs from date of G1).

Of the two of you, your brother should definitely be listed as 1st driver on your new car. But if you can get your mom to have her G2, that's a LOT better.

[garks]

my dad told me (not too sure on details)
after i graduate form University, i can join this "club" that'll make my insurance price drop 40%.
True? or is he bsing so he wont hafta buy me a car?

[JL2002]

my dad told me (not too sure on details)
after i graduate form University, i can join this "club" that'll make my insurance price drop 40%.
True? or is he bsing so he wont hafta buy me a car?

what kind of "club" tho?

[gman]

my dad told me (not too sure on details)
after i graduate form University, i can join this "club" that'll make my insurance price drop 40%.
True? or is he bsing so he wont hafta buy me a car?

Monnex??? Not a club but it gives discount to graduated student from certain university. U of T is one of them.

[SoNgMaN]

insurance companiesa re now looking for 6 star drivers. scary i went through it 4 months ago i'll be 6 star in october had an accident in 98. the age that really matters is 25 there are small like $50/year if you're lucky before that.

[joo]

try getting online quotes at www.kanetix.com

they spider out quotes to multiple organizations

[D-3vil]

Monnex??? Not a club but it gives discount to graduated student from certain university. U of T is one of them.

Actually, I spoke to them on the phone about 2 months ago (looking for a quote), and they also qualify current U of T student (undergrads).

the age that really matters is 25 there are small like $50/year if you're lucky before that.

I agree with this, however, there is another (relatively) steep drop at 21. That's the age above which rental companies consider it "safe" to rent cars to you. Difference is in the hundreds of dollars / year (especially for guys).

[r2r]

Monnex??? Not a club but it gives discount to graduated student from certain university. U of T is one of them.

What about York U?

[Ben_Troll]

im a 18 year old male, who has gotten my g2 lisence for exactly one year now
all i can afford is a $500.00 car at autotrader.ca
its a 1988 Toyota Corrola SR5 (2 door)
how much do you think insurance is going to cost?
(Please don't say $10000 for a $500 dollar car) Insurance prices are OUTRAGEOUS
can someone help me find a cheap insurance company?
around how much would i hafta pay per year?

I'm not sure if you are still looking for a cheap car insurance company.

I have 2 companies I can recommend, see below:

Johnson Insurance
Contact: Joann Lane
Tel: 905.764.4972 Richmond Hill area

The Personal
1.866.856.6461
Link