Quote:
Originally Posted by Elric
Greetings Z community 
Some questions regarding on the insurance of my Z.
I live in vancouver B.C. Canada. and my insurance is 4030CA dollars a year ！ when I saw some of you guys down states only have 1000 or even less per year insurance im so comfused 
I brought my 09 Z for 25,000CA mid 2011.
It is an accident car which i would assume it has less value？ It is a U.S. car though. the accident is nothing too major. fender.headlight. bumper.
Eventhough I dont get any discount being young driver but my parent has big discounts still could cause them 3050CA to insure it. 
could some one give me some ideas to justify this？
4000dollar insurance seems expansive for a 25000 bought car!
Thanks in davance |
Hey Elric, you can't compare the price/rate between US and Canada, everything in the State is cheaper than Canada, that's why there're so many Canadian go to shop in the State.
We pay higher price for car, fuel, insurance, parts, labor, almost all the consumer goods are more expensive in Canada than in US.
If you want to have the expense as low as US, sorry bud, unless you move to the State.
Regarding your insurance rate, first of all, how old are you?? No matter how clean your driving record is,
your insurance rate is gonna be sky high if you are under 25.
When I was 19, I paid $8000 for an 4 years old Integra that worths less than $4000 and that was some 18 years ago.
"High Risk Pool", you heard about it, right??
Wait til you turn 25 and have a clean driving record, then you can enjoy a much lower rate.
Quote:
Originally Posted by wheee!
ICBC charges what they want.... no competition. Alberta is a little better. I pay $1000 a year for a 2010 with full coverage. No tickets or accidents and 25 years of good driving!
.... my son however pays $13,000 a year to drive a Dodge 1500.....
don't ask... |
Come to Ontario, I think the rate in here is even higher because we have a open market and they(insurance company) can set whatever the rate they want and the government won't do anything to regulate it, because higher premium=more taxes.