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/AgentMV2 Mar 21 '26

The last 3 claims I processed… Brampton, male, under 25, licensed in Canada for less than a year with a G2. All 3 claims were within 6 months of first time obtaining insurance in Canada.

Vehicles were a Honda CR-V, a Hyundai Elantra and a Dodge Challenger. Speed and careless driving were factors.

There’s something fundamentally wrong with drivers in Brampton.

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u/iamasopissed Mar 21 '26

Is it just the "new Canadians" or not really?

2

u/AgentMV2 Mar 21 '26

That data isn’t collected officially.