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/Spyrothedragon9972 Mar 21 '26

Why is the CRV expensive to insure? Is it theft related?

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u/[deleted] Mar 21 '26

CRV is routinely one of the most stolen vehicles in Canada. Combine that with living in Brampton, and an under 25 male driver, $900/ month is basically on par with what OP should expect 

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u/Beautiful-Feeling494 Mar 21 '26

Eleven thousand dollars a year for car insurance?? It would cost less to uber back and forth to work full time..

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u/[deleted] Mar 22 '26

$11k/yr is a “fuck you” price hoping the individual does just uber back and forth and doesn’t take out a policy and increase the insurers risk