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I'm applying for a job that's in the middle of nowhere (and would therefore have to drive to), and am trying to figure out how much it would cost me to buy and insure (keep in mind that I just got my N) a car. I can't find anything on actual insurance rates online, so I was hoping that if anyone here has an N and a small car, they could give me a ballpark figure.

Car-wise, would around $10,000 be enough to buy a small car that's no more than 5-10 years old? And for insurance and gas, would we be talking about $100 or less a month, $1000 a month, etc.?

Anyhow, I'm just looking for a very ballpark estimate so I have some idea of the order of magnitude I'm looking at here.



( 23 comments — Leave a comment )
Oct. 11th, 2008 04:32 am (UTC)
What we did when we got our car was picked out a couple of models and called ICBC and got a quote right away. If you are looking on craigslist, you can just pick out a few models and years and then call ICBC to find the right combo of cost for your needs.

Gas is really up to each individual - we spend less than $100/month on gas as a family of 4 with a newer mid-sized mazda; however, we only use the car for evening and weekend use (we don't even use it for groceries - I do that by walking) - we'll go days without using our car.

The other thing, if cost is an issue - you may consider leasing. It is cheaper on a monthly basis.
Oct. 11th, 2008 04:36 am (UTC)
My brother's estimate was $2200. He immediately insured it under my dad's name. :P
Oct. 11th, 2008 04:37 am (UTC)
He's an 'N' and it was an Acura.
Oct. 11th, 2008 04:40 am (UTC)
Is this per month or per year?

And what are my chances of getting caught if it's ensured under my parents' name? I just wonder how I'd explain it if I crash and they realize that my parents already each have a car...
Oct. 11th, 2008 05:40 am (UTC)
$2200 per year...man i know insurance is expensive but $2200 a month would have us all on bikes and dog teams! to get a quote just call ICBC or your broker's office and give them the year make and model, and the year youve been licensed

if its insured with your parent's listed as the principle operator sure its way cheaper but if you get into a crash and they get suspicious ICBC will investigate you and ask how you get to work each day, if by bus then what routes, blah blah blah its a big chance to take and if they find out youve been lying, they wont cover you at all soooo its better to be honest in my opinion D:
Oct. 11th, 2008 02:26 pm (UTC)
$2200 per year...man i know insurance is expensive but $2200 a month would have us all on bikes and dog teams!

You're in for a nasty shock if you ever insure a car in the United States. I just got a bunch of quotes last month, and every company but Progressive was over $500 a month.
Oct. 12th, 2008 12:53 am (UTC)
oh man :( ive never driven in the US so i had no idea, i just know most people go uninsured because unlike here its not mandatory
Oct. 12th, 2008 06:42 pm (UTC)
Actually, it is mandatory.

To be fair, those rates are high because as Canadians we have no insurance history in the U.S. (15 years of no accidents with ICBC don't count). The one company that does acknowlege foreign driving records (Progressive) just wrote us a policy for $260.

Don't ever let anyone tell you living is cheap here because of 'low taxes.' My effective tax rate is slightly lower, but between this and my 'good' health insurance ($329 a month with a $5000 annual deductable for hospital stays and a $25 co-pay for doctor visits) I keep a lot less of my paycheck than I did in B.C.
Oct. 11th, 2008 11:44 pm (UTC)
Also I believe that if you're not the primary driver on a car and you're in an accident it goes on the car owner's record. Sucks.
Oct. 11th, 2008 07:00 am (UTC)
you have it insured under your parents name, but they name you the main driver of the vehicle. Doesn't matter who ultimately has the insurance as long as you are named the operator of the vehicle. Your parents could own 10 cars it wouldnt' matter
Oct. 11th, 2008 07:26 am (UTC)
yes, but if you are listed as the principal operator you pay the rates that you would pay if you were the registered owner.
Oct. 11th, 2008 07:33 am (UTC)
I dunno. Two weeks later he canceled the insurance because he got relocated to Surrey, so he's been carpooling every day.
Oct. 11th, 2008 05:08 am (UTC)
Why so set on a 5 - 10 year old car? You can find older Honda Civics that are going to be pretty foolproof for less than $10,000 by far. If reliability is a concern, consider a Diesel car! Diesel VW Golfs or Rabbits will go forever and ever. Not quickly, but they're hard to kill and need only basic care. Think $2000, instead of $10000.
Oct. 11th, 2008 07:01 am (UTC)
very true. I bought a 1990 acura integra last year that had low miliege on it. car is freaking fantastic still. can find good cars out there for under $5000
Oct. 11th, 2008 06:04 am (UTC)
Don't commit insurance fraud. Legality aside, it's just a bad idea... a) It's not fair to the rest of us. New drivers have higher rates for a reason, and quite frankly I didn't get my safe driving experience and low insurance rates so that some snot nosed kid can come along and fuck up the rates for everybody... :) b) they'll catch you. They're not idiots, and if you have a job in the middle of nowhere and no other way of getting there, they'll put 2 & 2 together. Hurt someone badly, and you're screwed for life.

and geez, how good is your new job that $2200/m sounds reasonable for car operation? My rent isn't even that high...!

I drive a '97 piece of crap Cavalier (cost me $500, but that was a smokin' good deal -- it's worth bout $1500-2000), and with my insurance discount, I pay about $120/m -- no frills (I'd have paid more in theft & collision insurance than the car is worth by now) and pleasure only. This will, of course, vary depending on what kind of car you have and how much insurance you get (ie, different deductibles, collision, theft, etc.)

Gas costs me about $50 -- roughly 500km/m. It's $60-70 for a tank for me, but I don't drive very often, just out to the burbs once in a while. If you're using it to commute, you'll pay considerably more than that.
Oct. 11th, 2008 07:35 am (UTC)
Is it true that if he waits (i.e. another five years) and has a clean driving record, the next time he goes to get it insured under his name (i.e. for the first time), it'll be at a much lower cost?
Oct. 11th, 2008 03:32 pm (UTC)
Age is a consideration. Over 25 and insurance gets cheaper, and you get a discount for 10 years of safe driving whenever that happens for you, too.
Oct. 11th, 2008 05:28 pm (UTC)
Age is not a consideration with ICBC. Driving record is the only thing that counts.

However, you don't need to have an active insurance policy, just an active drivers license. I didn't have insurance for about 3 years, but those 3 years still count towards my safe drivers discount.
Oct. 11th, 2008 11:48 pm (UTC)
You actually start getting discounts every year that you have a clean driving record. When I was 18 I bought a car and had *just* gotten rid of my N (back in the day when the rules were a little more lax) and was surprised to find out that I already was eligible for a discount.

"For each year of driving without an at-fault or chargeable claim, you move one step on the Claim-Rated Scale until the maximum level is reached. Effective January 1, 2001, each step represents another 5% discount off your base premium, up to a maximum of 40%. There are additional discounts after that through RoadStar and RoadStar Gold savings." - here
Oct. 11th, 2008 04:55 pm (UTC)
Every year you've had your license without having a claim against you (no matter if you actually owned a car, drove, or whatever), your discount level increases. It's called the claim-rated scale. After 1 year of having your licence, you get 5% off insurance, and so on.
Oct. 11th, 2008 06:43 pm (UTC)
I pay around $1200 a year, with a 43% discount (only had one accident that was my fault since I started driving, which I paid for because otherwise I would lose my discount). I drive a 91 Volvo 240 and it has an alarm system on it (which lowers insurance).

It may save your brother money now to get insurance under his parents, but like above said it's highly illegal and they will catch you if get in an accident, also, he won't be able to acquire the discount which really saves you money in the long run (so long as you remain accident free).

Also, you can find a car for less than $10,000 but make sure it's a good one. I would reccommend checking out the lemon-aid and buy using that as your guide, my friend did that and she hasn't had any problems. He'll also want to budget $2000 a year for maintenance for the car if it's used, that way you can pay for regular oil changes and the like, and have money saved up for major fixes (which with my car do come every year)

Oct. 12th, 2008 11:41 am (UTC)
don't forget that you will need To & Frow insurance instead of Leasure as, leasure only allows you to drive to work 5 or 6 times a month.
Oct. 12th, 2008 05:43 pm (UTC)
Where is the job? If your job works regular hours and there are other people who commute from approximately where you live, you might want to look into getting set up on Jack Bell Ride Share:

Or in any case a privately arranged carpool might work well for you. Everyone gets to save a bit in costs.
( 23 comments — Leave a comment )

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