Car insurance.. this is a pain

[rizmayo]

Hi


Until the first accident, then you will find that by lying about your residence, that your insurance is now void and you are paying all the costs.

Yeah, I heard about this... Even though it is universally accepted in Canada, that your driving licence is the proof of your address, insurance agents will still sell you the insurance with a fake address to make a quick commission. God forbid you get in a accident, they will not honor your insurance as it was issued using a fraudulent address (even though, they were aware of this when selling it to you in the first place ).

I have however, never heard of anyone being charged with insurance fraud or denied subsequent insurance because of this.

All things considered, if you have an old used car and the deductible is almost as much or more than the cost of repairs, then getting an insurance is really a formality. I guess you could give a friend's address (maybe even let your driving licence reflect this for a few months), continue to build a no claim history in Canada and when the time comes to buy your shiny new car, you will get the insurance rates of a good Canadian driver I am just sharing a possibility here and in no way endorse this practice 8)

Regards,

 

[faatir]

what is rough guess of a monthly insurance payment of a new car worth 13000 for a newly landed immigrants with no Canadian driving history in Edmonton.

 

[rizmayo]

what is rough guess of a monthly insurance payment of a new car worth 13000 for a newly landed immigrants with no Canadian driving history in Edmonton.

It is around $350 in Toronto GTA, so should be much less in Edmonton.

Regards,

 

[faatir]

Thanks

It is around $350 in Toronto GTA, so should be much less in Edmonton.

Regards,

 

[polara69]

I pay $118 per month here in BC. I provided them with all the paperwork needed, past insurances and also asked for the 10 years plus driving experience. No problems here.

 

[faatir]

A newly landed immigrant should aim to finance a new budget sedan under 15000 or should go for used sedan/suv in start ?

In my opinion used car need more maintenance.

what u will suggest?

 

[despro]

for newly landed immigrant, you should be aiming for a used car but make sure its not too old and create a good driving record so when its time to buy new car your insurance won't be too high

A newly landed immigrant should aim to finance a new budget sedan under 15000 or should go for used sedan/suv in start ?

In my opinion used car need more maintenance.

what u will suggest?