Quote:
Originally Posted by GoinAllTheWay
Well that's part of the problem there. A person who has been driving for one year with no accidents could claim the same thing. Assuming you have been paying the same rate you are paying now all along, you would have been driving for about 4 year? Is that really enough time to expect to have cheap rates?
I'm not saying don't drive a new car but don't buy one that is going to cost you that much. You don't HAVE to have anything past liability on your car so why bother paying for anything else?
You don't have to write a car off for insurance to be useful. You said you have paid 15000 to date on your insurance. We have a friend of the family who just t-boned a 2005 Ford F250 doing 27000 in damages. Did not even come close to writing the vehicle off, would you want to have to foot that bill yourself?
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I said I've been driving for 5 years now. It is a rip off that new drivers are given such terrible rates. It is a rip off because I am young and I bought a new car and I am paying a ton of money for insurance. Older people who are worse drivers, and have more claims pay less in insurance than me.
Why are new drivers automatically have the highest rates than anyone else on the road? Why don't they start everyone at the same rate and if they make lots of claims, then raise their rate. And if they don't lower their rate. That would be fair. The current system is very much unfair.
Owning a new car isn't the reasons why my rate is so high either. When I first started driving my car was a '92 Laser. Pretty close to a beater that old. My first couple of years my payments were around $350 a month, that's $4 200 a year, without colllision! I bought the car for $4 000. Don't tell me that isn't a rip off.
I don't understand why the insurance industry here in Alberta takes decades to get a decent rate. It not like when I get a credit card I pay a higher interest rate because I'm young.