I dont understand how kids can afford a car and insurance?

Question

for me it will take about a year to save up for a decent car, but the insurance is like 5000 a year, how could someone afford that, is there something im missing? and is it only like this where i live (ontario)?

Answer 1

5,000 a year for car insurance sounds outrageous.  Is it really that much for teens?  That's 416 a month just for insurance.  Our is 150 a month for 2 adults, 1 car being a 2008.

Answer 2

its best just to stay on mom or dad's insurance til 25.  then your rates will go down dramatically.

kind of sucks to rely on parents though at that age.

Answer 3

Most kids can't afford a car on their own and they have to rely on Mom and Dad to supplement stuff like insurance and car payments.  A lot of it has to do with age and gender:  Men will always pay higher insurance than women until they reach age 25.  The reason?  Insurance providers have found higher risks in men lower than 25 -- and so they charge a higher premium.

I think you may find the costs of insurance will differ between locations to some degree (based on car thefts in the zip code, number of accidents on local roads, etc) but not by much.

Answer 4

Mommy and Daddy buy the little spoiled urchins there cars.  The loosers never work for anything and therefor never appreciate anything.