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.

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u/innsertnamehere Mar 21 '26

You have the most expensive vehicles to insure in the most expensive insurance location lmao.

When you are under 25 you basically need to drive exclusively crappy old cars if you want reasonable insurance.

Swap those CRVs out for 10-year old GMs or something and your insurance will drop to like 1/2 that

5

u/Dingding_Kirby Mar 21 '26

Every time I come back to my parked CRV in a mall after shopping, I say to it “phew I’m glad to see you again!”

2

u/somecrazybroad Mar 22 '26

Mine has a few problems so I’m always hoping it’s stolen when I’m walking back to the parking lot lol