Help Please! Insurance crazy high?

Feb 23rd, 2020 6:18 pm

#1

chestnut37564 [OP]: Newbie; Feb 22, 2020; 4 posts; 4 upvotes

Feb 23rd, 2020 6:18 pm

Hi all! Just wondering if anyone could provide me with some insight as to why my rates are so high, & if there's anything I can do about it.

I'm a 29 year old female in Durham Region Ontario, drive a 2012 Ford Fusion, with no accidents, no tickets. I first got my license when I was 16 up to the G2 stage & was an occasional driver on both my parents policies until I was about 20. Unfortunately I let it expire while I went away for school. At 24 I went through the whole process again, getting my G1, G2 & G, waiting the appropriate times & even taking a drivers education course again.

When I bought my car 2 years ago, my insurance was $221 a month. The next renewal it jumped to $291, and this coming year the rates are now expected to be $330.

Can anyone help me wrap my head around why my rates just seem to be going up and up? Any help is appreciated. Thanks!

Feb 23rd, 2020 6:42 pm

#2

thriftshopper: Deal Fanatic; Jul 7, 2017; 9203 posts; 4719 upvotes; SW corner of the cou…

Feb 23rd, 2020 6:42 pm

Try insuring through your university/college alumni association? If not and even so, shop around.

I smile when I see container ships sailing past my house laden with stuff made in China

+2

Feb 23rd, 2020 7:00 pm

#3

booblehead: Deal Expert; Jul 30, 2007; 32379 posts; 19781 upvotes; Toronto

Feb 23rd, 2020 7:00 pm

One word.

Greed

Smiling Face With Open Mouth And Smiling Eyes

Feb 23rd, 2020 7:08 pm

#4

thriftshopper: Deal Fanatic; Jul 7, 2017; 9203 posts; 4719 upvotes; SW corner of the cou…

Feb 23rd, 2020 7:08 pm

Hey, private insurance is supposed to be cheaper. That's what the Insurance Bureau of Canada keeps claiming in B.C. in hopes of getting friendly ears/greasable palms to kill the public insurer.

I smile when I see container ships sailing past my house laden with stuff made in China

+2

Feb 23rd, 2020 7:11 pm

#5

peteryorkuca: Deal Fanatic; Jul 26, 2007; 6917 posts; 4506 upvotes; Toronto

Feb 23rd, 2020 7:11 pm

At 29, you shouldn't be paying $4k for econo box living in boone. If it was a Civic or Corolla I could understand.

Are you with belair by any chance? Places that offer cheapest insurance when searching for a quote usually does that for the first year. Like belair, sonnet.

Time to shop around for better insurance and there isn't any loyalty when it comes to insurance. Go change every year if you can find cheaper one.

+1

Feb 23rd, 2020 7:13 pm

#6

engineered: Deal Expert; Feb 11, 2007; 20287 posts; 24044 upvotes; GTA

Feb 23rd, 2020 7:13 pm

chestnut37564 wrote: ↑ Hi all! Just wondering if anyone could provide me with some insight as to why my rates are so high, & if there's anything I can do about it.

I'm a 29 year old female in Durham Region Ontario, drive a 2012 Ford Fusion, with no accidents, no tickets. I first got my license when I was 16 up to the G2 stage & was an occasional driver on both my parents policies until I was about 20. Unfortunately I let it expire while I went away for school. At 24 I went through the whole process again, getting my G1, G2 & G, waiting the appropriate times & even taking a drivers education course again.

When I bought my car 2 years ago, my insurance was $221 a month. The next renewal it jumped to $291, and this coming year the rates are now expected to be $330.

Can anyone help me wrap my head around why my rates just seem to be going up and up? Any help is appreciated. Thanks!

Yea, you screwed yourself by letting it expire.

Try alumni discounts through tdmm. You can also increase your deductible to as much as you can afford. I think $2k is reasonable.

If the women don't find you handsome, they should at least find you handy.

+1

Feb 23rd, 2020 7:18 pm

#7

chestnut37564 [OP]: Newbie; Feb 22, 2020; 4 posts; 4 upvotes

Feb 23rd, 2020 7:18 pm

I'm currently with Travellers. I've been looking around but most seem similar. When I spoke to a broker they said it could be because my previous driving/insurance history before my expiration won't be taken into account. Regardless of that, with no tickets or accidents, paying over $4200 a year for a 2012 Ford Fusion seems wild to me. Definitely going to keep looking though.

+2

Feb 23rd, 2020 8:57 pm

#8

eldiablo: Deal Expert; Feb 24, 2007; 15094 posts; 2698 upvotes

Feb 23rd, 2020 8:57 pm

chestnut37564 wrote: ↑ Hi all! Just wondering if anyone could provide me with some insight as to why my rates are so high, & if there's anything I can do about it.

I'm a 29 year old female in Durham Region Ontario, drive a 2012 Ford Fusion, with no accidents, no tickets. I first got my license when I was 16 up to the G2 stage & was an occasional driver on both my parents policies until I was about 20. Unfortunately I let it expire while I went away for school. At 24 I went through the whole process again, getting my G1, G2 & G, waiting the appropriate times & even taking a drivers education course again.

When I bought my car 2 years ago, my insurance was $221 a month. The next renewal it jumped to $291, and this coming year the rates are now expected to be $330.

Can anyone help me wrap my head around why my rates just seem to be going up and up? Any help is appreciated. Thanks!

https://www.insurancehotline.com/
https://www.kanetix.ca/
https://www.ratelab.ca/car-insurance-calculator/
https://www.mychoice.ca/insurance/car/c ... r/ontario/

Don't put your real (name and address) info into any of these insurance calculators. Do use a similar postal code with obviously a different address.
You can download an iOS/Android app with a second phone number which you will use to create different accounts.

I would expect to see a rate somewhat between your first and second.

+1

Feb 23rd, 2020 9:27 pm

#9

Thorkell: Deal Addict; Sep 28, 2006; 1410 posts; 1533 upvotes; Toronto

Feb 23rd, 2020 9:27 pm

There is no way you should be paying that much. I was quoted like 89 bucks a month for a 2009 Pontiac Vibe.

Shop around, Try Belair first.

Feb 23rd, 2020 10:12 pm

#10

shabby: Deal Fanatic; Jul 2, 2001; 5226 posts; 3028 upvotes; GTA

Feb 23rd, 2020 10:12 pm

chestnut37564 wrote: ↑ I'm a 29 year old female...
When I bought my car 2 years ago, my insurance was $221 a month. The next renewal it jumped to $291, and this coming year the rates are now expected to be $330.

Its called equality... now you now how us guys feel

.

+5

Feb 24th, 2020 10:23 am

#11

Electrah: Deal Addict; Jun 18, 2018; 1643 posts; 1055 upvotes; Toronto

Feb 24th, 2020 10:23 am

Shop around.. you pay more and I am Under 25 Male.. lol

Feb 24th, 2020 10:44 am

#12

alanbrenton: Deal Expert; Apr 21, 2004; 56969 posts; 22254 upvotes

Feb 24th, 2020 10:44 am

try to get in touch with Cosmic5 here on RFD

+2

Feb 24th, 2020 10:59 am

#13

secretalcoholic: Deal Addict; Jul 26, 2018; 1782 posts; 2830 upvotes; Canada, eh?

Feb 24th, 2020 10:59 am

thriftshopper wrote: ↑ Hey, private insurance is supposed to be cheaper. That's what the Insurance Bureau of Canada keeps claiming in B.C. in hopes of getting friendly ears/greasable palms to kill the public insurer.

I moved from BC to ON. My insurance costs exactly the same in both provinces. *shrugs*

Feb 24th, 2020 11:08 am

#14

booblehead: Deal Expert; Jul 30, 2007; 32379 posts; 19781 upvotes; Toronto

Feb 24th, 2020 11:08 am

^ what village are you at ?

Feb 24th, 2020 11:26 am

#15

engineered: Deal Expert; Feb 11, 2007; 20287 posts; 24044 upvotes; GTA

Feb 24th, 2020 11:26 am

chestnut37564 wrote: ↑ I'm currently with Travellers. I've been looking around but most seem similar. When I spoke to a broker they said it could be because my previous driving/insurance history before my expiration won't be taken into account. Regardless of that, with no tickets or accidents, paying over $4200 a year for a 2012 Ford Fusion seems wild to me. Definitely going to keep looking though.

How much do you drive? Is it for work or just personal?

If the women don't find you handsome, they should at least find you handy.

Feb 24th, 2020 11:36 am

#16

chestnut37564 [OP]: Newbie; Feb 22, 2020; 4 posts; 4 upvotes

Feb 24th, 2020 11:36 am

shabby wrote: ↑ Its called equality... now you now how us guys feel

What a clever comment

hopefully if you're a 29 year old male with no tickets or accidents, you'll have better luck than I'm currently having. Thanks for the input though!

+1

Feb 24th, 2020 11:37 am

#17

konsensei: Deal Fanatic; Mar 17, 2006; 6913 posts; 5825 upvotes; Burlington

Feb 24th, 2020 11:37 am

if you marry rich, would the problem be solved?

+1

Feb 24th, 2020 11:37 am

#18

chestnut37564 [OP]: Newbie; Feb 22, 2020; 4 posts; 4 upvotes

Feb 24th, 2020 11:37 am

engineered wrote: ↑ How much do you drive? Is it for work or just personal?

It's just for personal and I drive about 30 km one way for work each day.

Feb 24th, 2020 12:10 pm

#19

secretalcoholic: Deal Addict; Jul 26, 2018; 1782 posts; 2830 upvotes; Canada, eh?

Feb 24th, 2020 12:10 pm

booblehead wrote: ↑ ^ what village are you at ?

Vancouver to Mid-Town Toronto

+1

Feb 24th, 2020 12:17 pm

#20

Piro21: Deal Expert; Nov 15, 2004; 20787 posts; 4504 upvotes; Toronto

Feb 24th, 2020 12:17 pm

problemchild786 wrote: ↑ There is no way you should be paying that much. I was quoted like 89 bucks a month for a 2009 Pontiac Vibe.

Shop around, Try Belair first.

I think you may be the exception here. I used to pay $238 a month for my Protege back in 2008, and that's when I worked for the company I was insured with and was receiving a 30% employee discount.

For the OP, I think it may be the distance you're driving each day to work. That's what really drove it up for me, apparently.

Help Please! Insurance crazy high?

Help Please! Insurance crazy high?

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