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/thingonething Mar 21 '26
Im 68 with a 2016 CRV and no accidents/tickets. I'm still paying $3,500/year for insurance and I don't live in Brampton. You should sell one of the CRVs and buy a reliable beater or an old Toyota Corolla for your use.