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Originally Posted by Burninator
Why are new drivers automatically have the highest rates than anyone else on the road?
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Because they have yet to prove that they are safe drivers. All drivers do pretty much get started off at the same rate. Of course that will depend on the car you buy but if you are only paying for liability, EVERYONE pays the same price regardless of sex and age.
If you started driving 4 years ago, that would have been around the time the new grid rating system was introduced. Your rates (for liability only) would have been based on the number of years you have been licensed. You should have only been paying a max of $1800/yr (again, for liaiblity only) so if you were paying over $4000, there is either something you are not telling us or you went to very much the wrong insurance company.
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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.
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This is kinda like comparing apples to oranges. You go and totaly mess up with your CC, you are only hurting yourself. You go and mess up with a car, many people could be effected, possibly for life.