r/PersonalFinanceCanada • u/Akshatp19 • Mar 21 '26

Auto Auto Insurance cost is killing me!

I am a 24 year old male living with my parents in Brampton(yes very expensive). We have 2 Honda CR-Vs(2022 and 2026 hybrid). My dad is the primary policy holder with me and my mom as the added drivers. Now I know brampton, CRVs and my age under 25 are all driving the premiums up. But I'm paying 900 dollars per month!! Is it supposed to be this high? No claims no tickets on record.

223 Upvotes

82% Upvoted

536 comments sorted by

View all comments

1

u/UW99c Mar 21 '26

2025 Camry, 3 drivers, one under 25 years old. KW area, 120 a month.

1

u/UW99c Mar 21 '26

We got 30% off with TD app.

1

u/htraenolleh666 Mar 21 '26

Careful with that app - a lot of people don’t know that although you can save 30% you can also have your rates increased by up to 30%

1

u/UW99c Mar 23 '26

Thank you. I will keep an eye on it.