Here’s why you should give your teenager a credit card

Here’s why you should give your teenager a credit card

Parents can teach teens financial literacy by showing the role credit plays in adult lives. Here is how to introduce your teenager to credit cards and it includes giving them one of their own to practise on. 

About the author

Jessica Vomiero

Jessica is the former Associate Editor for LowestRates.ca. Before joining the team, Jessica worked as a National Online Journalist with Globalnews.ca and previously spearheaded the launch of the Business Section at one of Canada's largest technology websites, MobileSyrup.

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A guide to going digital with proof of car insurance

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There is a surplus of predictions, forecasts and conjectures, but consensus is a rare commodity.

Here are 10 Black personal finance experts you should follow right now

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REPORT: In Canada, men pay more than women for car insurance across all age groups

REPORT: In Canada, men pay more than women for car insurance across all age groups

After reviewing car insurance quoter data for male and female drivers aged 17 to 60 from Toronto, Montreal, and Calgary, we found that men play slightly more for auto insurance than women across all age groups.

Auto insurance premiums are determined using a variety of factors, including a person’s driving record, years of driving experience, insurance history, vehicle make and model, type of usage, type of coverage, deductible, and so on. But one of the many factors that also has an impact on what we pay for auto insurance is our gender.

About the author

LowestRates.ca Staff

The LowestRates.ca writing team focuses on telling original stories and bringing you the latest news in the world of personal finance.

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What is facility car insurance for high-risk drivers?

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REPORT: In Canada, men pay more than women for car insurance across all age groups

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