Why the h*ll did my insurance go up?

[Agent Smith]

I'm sure whatever your insurance is at 28, mine is worse. I'm a 16 year old boy and it's almost 2500 a YEAR. With the good student discount AND driver's ed discount. Never had a ticket.

Sorry mate, I have you beat...$3131.

No worries NBS2! I know what you mean regarding the company's investment profits vs. risk assessment and so on. I guess I'm just frustrated at the seemingly arbitrary nature at which insurance companies seem to work.

Notjustjay, thanks for the tip. I'm going to look into both of those. I know BelAir Direct is tied in with ING Direct, and I am thinking about opening an account. I am still a bit wary of PC Financial though...not sure I want to do business with a company whose speciality is food...

 

[notjustjay]

I am still a bit wary of PC Financial though...not sure I want to do business with a company whose speciality is food...

Well, I've had a PC Financial bank account for years, and I love it. There's a Loblaw's right around the corner from my neighborhood so banking is always within reach, and everything with no fees. The banking, loans, and now auto insurance is all taken care of through CIBC, so I feel safe enough.

PC Financial offered me a quote that was only a little bit lower than Bel-Air, and since my dad was a long-time satisfied Bel-Air client, I chose to stick with what we already knew.

Incidentally, when I bought the car, I thought it would have an alarm system, and my initial quote with Bel-Air included the appropriate discount. It turns out the car didn't have an alarm, so when I told the insurance people, they had to take away my alarm discount: $9. Per year.

 

[mikemodena]

I'm sure whatever your insurance is at 28, mine is worse. I'm a 16 year old boy and it's almost 2500 a YEAR. With the good student discount AND driver's ed discount. Never had a ticket.

I know how you feel. Mine is $2400 a year with a good student discount and driver's ed. Ack.

 

[StarbucksSam]

Sorry mate, I have you beat...$3131.

No worries NBS2! I know what you mean regarding the company's investment profits vs. risk assessment and so on. I guess I'm just frustrated at the seemingly arbitrary nature at which insurance companies seem to work.

Notjustjay, thanks for the tip. I'm going to look into both of those. I know BelAir Direct is tied in with ING Direct, and I am thinking about opening an account. I am still a bit wary of PC Financial though...not sure I want to do business with a company whose speciality is food...

Yeah, but I'm talking in real money. You Canadians and your big-faced color play money...

Actually, I don't know ... I think I pay something around that. My parents pay it ... I need to drive for school. You probably do pay more... I wonder WHY. that makes no sense.