Discussion Insurance Rates For Young Drivers

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Every Year we are seeing insurance rates climb for young drivers, turning the main expense from buying a first car not the actual car itself but the premium that comes from the insurance. This is a huge problem because in Ontario we simply do not have the public transport infrastructure like other countries (Like France or Germany), so in our car center society it leaves younger people at a disadvantage.

The Government says they regulate prices but clearly it is not working as the prices just keep increasing. This results in more people driving on our roads uninsured which leads to more danger for everyone and also more tickets. But when the price of a no insurance ticket is less that a full years insurance premium can you really blame people?

I wanted to create a space where people can share their possible solutions to the problems with insurance, and to maybe just build a following to see how many people that this issue is truly affecting because maybe there needs to be a collective of people that come together in order to hand a notice to the Ontario government.

For me personally, my premium is $480 CAD/ month, this is for a small motorcycle and a economy car in which I am the primary driver on the bike and secondary driver under my parents on the car. Considering I can only ride the bike for 6 months out of the year and I am only a temporary driver under my parents and I have my full GM license I find these prices ridiculous.

It is crazy that you guys pay so much in Canada, especially considering you can't drive your bike for half the year. Some of my sons friends are insured for less than $100/month on a car here which is still expensive but definitely not that much.

This is the reason that I (in my early twenties) could not even think of buying a car anytime soon. I could, in theory, afford a car if only paying for the car itself. But I don't have ain't no money to pay ain't no insurance on top of that. Luckily, my city has decent (if predictably unreliable) public transportation.

InsidiousCynic said:

This is the reason that I (in my early twenties) could not even think of buying a car anytime soon. I could, in theory, afford a car if only paying for the car itself. But I don't have ain't no money to pay ain't no insurance on top of that. Luckily, my city has decent (if predictably unreliable) public transportation.

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Luckily we have decent public transportation here as well, the problem is though there are a lot of things that happen outside of town and without a car you basically have no possible way of getting there without a car or by selling your left kidney for an Uber.

The main problem comes for people who live in more rural areas of Ontario, as while there insurance is cheaper because they live out of city, they still have crazy high premiums and it's basically mandatory to have a car when you live that far out.