Cheap insurance...?
 

Wow im so mad. insurance for me is like 3.4k a year at the cheapest (insuring ONLY a 2dr TC as a car) from TD (and i definately do not want to cheapest).

Which insurance companies do you guys use?

im 20 yrs old
im a uni student
home base = waterloo ontario
no tickets, no violations, no claims
got my G2 last year august.
driven 30k since august.
dont drive to school
do drive during weekends/for my term off/working.

lol... PM'd u.

I'm 20. No tickets. 1 at fault insurance ( guy slammed to a stop @ intersection).

I'm getting 9.2k quotes for a 2013 gen, so lets hope this is cheaper.

I'm with Belair Direct and they're the cheapest for me at least
Give them a try

currently dejardins is supposed to be the cheapest,

just use one of those online tools to get quotes then call them directly

The thing is once you are locked into a company many others don't give you lower quotes for some reason even if you have a decent record. I'm with Wawanesa, asked my broker for other quotes at renewal time, and they ranged from about 500 to 2000 higher!

Another thing to watch for - cheapest sometimes is not the best depending on how you drive. If you have a lead foot you need to look at what conditions companies impose to keep your rating - some companies drop your rating and spike your rates for 1 speeding ticket these days! Wawanesa rules are good - 3 tickets in 3 years without significant rate increase. Also look at allowable accidents.

:eyebulge: Rates like that would have selling my car pronto...

Many of you younger drivers and those of you that live in the GTA will be in for a big surprise. The car will probably be classified as a sports car and it wont be cheap to insure unless you are older, married or live outside the GTA. I am all of those and I pay about $3200 year for 2 brand new cars and my home insurance.

When calling for quotes, mention the school you attend, your job, if you have a second car, driver training. You may get discounts for some of those.

Insurance rates suck in Ontario, but they will suck even more if you are young and live in the GTA.

Go with belairdirect. For me they were consistently cheaper by $500 per year than the other insurance companies (td, RBC, state farm and intact). I currently pay $2700/year for my 2006 RSX (with speeding ticket on record) and I quoted 2012 v6 mustang, tc and miata (to estimate fr-s) at around $2300 per year.

Holly fuck is insurance that much more over on that side of Canada

I'm expecting to pay around 2.3k for the year

they want 6k /year from me !!! D:

Belair direct and TD are roughly 3.2-3.4k.

Use Kanetix to check most of the insurers....... Desjardins and one other one I can't recall have the best prices.

i dont trust kanetix. they're quoting me for 5k+ vs if i go to bel air its a little over 3k

Wow at some of these insurance quotes. For the one that's $9000 I'd put that money into renting a really nice place close to work/school instead. That's just insane. Never heard of anything even remotely that high before.

Yup... well no real choice LOL. My quote only gets a few 100 cheaper if I go with a used car, so might as well buy new.

Are u putting urself as primary driver? I'm getting a 11k quote on kan.

Weird... even if I show I dont have an accident I still get a 8k a year rate... Canada is sooo dumb... My sister is living states side, (so that means 0star rating), 1 accident, 2 speeding tickets AND SHE STILL only pays 50 a month...

GOD I HATE CANADA!

^What province/location? Makes a big difference.

Wow, you guys get raped up there huh? If I had to pay 9k a year I would have to seriously consider rolling the dice with no insurance. That is ridiculous.


Justin

Not legal to do so and HUGE penalties if you are caught. In fact IIRC the dealer will not even let you drive off the lot without proof of insurance.

Ontario, GTA.

Armpit of Canada. Understatement maybe.... Taint of Canada?

change your home base to waterloo brah

Oh wow... my insurance drops from 10 to 5... What the hell... thats crazy.

Thanks :)

Ottawa: "Canada's Brain-Dead Zone".

I couldn't agree more. Ottawa sucks almost as bad as Toronto.

note that you need your car to actually be registered in waterloo

ie, you'll need proof of waterloo residence...

I'm planning to live in Waterloo 3 or 4 days of the week as someones room mate. Do insurance companies require my name on a lease?

ICBC/government monopoly for the win??? What the hell? That doesn't sound right...

I don't get it, I am 23 and I pay $1900 a year for a mazda3, from around Ottawa. Why are you being quoted $5,000?! Have you had a ton of accidents or something??

Yeah I hate icbc always screw you over but looking at what these guys pay lol hell I would give up on cars if my annual for insurance was over 5k. How do you make a living its crazy.

Probably because of age and time we've held our licenses.

Every time I hear someone complain about ICBC I laugh. Ontario has the highest insurance rates in North America by a HUGE margin. From 20 to 24 I was paying $3000 a year for insurance in Ottawa. Toronto insurance is typically twice as expensive than Ottawa for young men.

The next time you complain about ICBC, try comparing it to Ontario. Manitoba also has government controlled auto insurance and they have some the lowest rates in Canada.

Just a comment on Desjardins... my financee has insurance through them and they had been charging her extra for 2 years for an "accident" that was on her file that never happened. Admittedly she should have looked at her statements more carefully, as it was listed in her yearly reports, but she never bothered to look that closely.

When we found it, it was because she had a legitimate accident - they threatened to cancel her policy because now she had "two" accidents. I was on the phone every day with these people.

They wanted me to aquire her driving record from GGI, the organization that keeps driving records in Ontario. This is where Insurance Companies go to get peoples history before they insure them, it is not something that the consumer should have to do, but they are convinced that I must get the report. So anyways, I get the report about a month later from CGI, it shows ZERO accidents beforehand. So I call Desjardins again for the seventeenth time, telling them I have the report they wanted me to get, and there is nothing on her record. They proceed to tell me that me having the report is not adequate, and that they have to get it themselves! Are you f***ing kidding me.

So I call several times, finally they have received her record, and low and behold, they were wrong. So they try to blame it on my fiancee "Well she must have said that she had an accident when she registered with us, so that's why it's not on her driver's history". Yeah prove it you f***ing scumbags.

Long story short, they 'graciously' remove the accident that never happened, they refuse to compensate her on her rates that she would have been overpaying for because "that's not how this works".

Moral of the story and the

TL,DR: Stay the f away from Desjardins insurance, and if you choose not to, then be very careful to read your statements, and HOPE that you don't ever need any customer service from them

:word: The GTA has to be the insurance rip-off capitol of NA if not the world.

If you're under the age of 25 then insurance will be sustancially higher.
I believe it is mandatory you get full coverage when you buy a brand new vehicle.

Just trying to revive this thread. Anyone in the Hamilton area with quotes, or what your paying? Thanks.

Get ur G, and graduate from UW asap.

stick with TD, they have reduce rate for university grad and may be they will give you a better rate, cus you stick with them long enough.

Just to clarify, the reduced rates from TD for grads are from TD Meloche monnex which I believe is a separate company.
I was quoted $1625/year from them, which is pretty good for Markham.

Have a look into them, there are lots of places that offer reduced rates through them (universities, professional associations, where you work).

Used these guys before, they were alright.

Also used RBC, but when I moved into a new riding in Toronto (from Davenport to York South Weston) they jacked my rates through the roof - they justified it by saying this riding has the highest car issues in the whole GTA.

Ended up switching, and getting a deal through Coseco because of my employer at the time.

Feel some of the best advice to give a kid these days: Get your license as soon as you are 16 and get insured as soon as possible. Especially if you never drive. If you wait until you need or want a car later in life you are going to get killed on rates.

Totally agree with rossman, I got insured as a second driver since I am 16, and now I am almost 30, stick with the same company ever since that time. My quote was 2500/year since it is a new car, my S2000 before was only 1800/yr, the lowest went down to 1500/year.

Use this, it's a good tool a get cheap INS

http://www.insurancehotline.com/car-insurance-quotes/

That's a good price