It was significantly cheaper for us to switch from a big name insurance company to a broker. We currently pay $226 a month for both mine and my husbands vehicles and our home insurance. Of course your rate varies depending on so many factors, including your driving history/length, tickets, accidents, age, sex, and even postal code.
Why is car insurance so expensive in Ontario?
Ontario has some of the highest insurance rates in North America. He's used to paying $20 / month to drive his beater, not realizing that insurance rates here depend on so much more than just the car you drive. Also, older cars tend to be more expensive for liability because the injury rate is higher.
How can I reduce my car insurance rates?
Unfortunately one of the only things to reduce your rate is time. The premium does drop eventually. You kind of have to suffer with high rates the first few years of driving. I’m a bit older than you and pay $228 for 2 vehicles and home insurance. I’ve been an insured driver for over a decade. 3
Why are insurance rates so high for older cars?
He's used to paying $20 / month to drive his beater, not realizing that insurance rates here depend on so much more than just the car you drive. Also, older cars tend to be more expensive for liability because the injury rate is higher.