In a past thread We talked about the G1,G2,G graduated licensing system. Well my oldest son if all goes well,gets his G2 test in a week and a half.
He is 23 now,24 end of January.We made two calls for quotes on car insurance. The first $7,749 a year,the second $7,123 a year.
Wow, I get the brand new driver thing,but he has a chance to get a 2003 4 door Mazda sedan for a real decent price,certified,e-tested,no rust etc. Wants to buy it cash to not have another monthly bill. The first quote works out to $646 a month and that is PLPD only,nothing else.
That's more than his rent a month. How do young people afford a new car,payments,full coverage of insurance,rent etc. Boggles the mind. Doesn't help he lives and works in TO.
Anyone else been through this insurance bull with any of there kids recently?,and anyone know of a company or two with better rates?
Any help would be appreciated.
On a side note my youngest goes for his G2 a week later.He's 19,can't even imagine his rates.