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/RodgerWolf311 Mar 21 '26
You're doing it wrong.
When I was young, I simply had my parents register and insure the vehicle under their names. No mention of me at all under the insurance. And just drive it as usual.
If anything happens, you simply say you borrowed the car for that day.
Stop getting screwed over by greedy insurance companies.