2001 BMW M3
15% discount, to and from work/school 15km
$328/month = $3936/year

$1000 a year :p
I think it's only third party, and it's under my dad's name
That's not so bad since i only have my L
And my dad drives it a lot

You're in the same situation as I am. My 03 is worth about $10K, and if I have an accident likely its going to cost more to fix than buy another, so it'll get written off. Thus no rental needed, just buy a new car! :D

In my case I'm paying $1K for collision/comprehensive, and my car will depreciate $1K/yr. So in 2 years I will have saved $2K not paying collision/comprehensive, and my car will only be worth $8K... in 3 years $3K and $7K... in 4 years $4K and $6K... and in 5 years I'll have saved enough to buy a whole new car $5K == $5K.

My math is simple, yet hopefully it gets the point across. If you're willing to gamble with a few years where you'll get screwed, you'll eventually win, and win big. Plus, my car is going to depreciate > $1K/yr, its got a lot of mileage. In your case the math is even more in your favour, as you're probably paying > $1K/yr for collision/comprehensive.

Why anyone pays collision/comprehensive on cars worth < $10K is beyond me... then again, people waste money on extended warranties too. Its a gamble with not paying collision/comprehensive, yet its a safe gamble if the car is paid off and you enough saved to buy another car.

shit. my $2000 doesn't seem too bad now that I see what others are paying lol.

Just did my insurance last week on my new car
2009 BMW 335i Sedan
Roadstar
full coverage
$2000/year

i have 20% discount. going onto 25 in october! yay

Oh shit, you serious? I think that may be a better system. Get all those damn high beaming, ridiculously poor parking, opposite lane driving, welding mask wearing, no-signal lane changing women in richmond off the road.

'90 Miata

2m 3rd Party liability
Specified Perils (pretty much comprehensive without accidents/vandalism coverage)
30% (i think) discount

$1200/yr

hahah icbc is not max +40% lol... i got my insurance quote in the mail not too long ago... 205% surcharge, they qutoted me $15,600 for insurance on my audi... of course there's ways to get around that, so i'm paying 260/month on it now for full coverage, 3 mil liability, 300 comp, $1000 collision, rental and all

Haxor!!!! Its called using your parent's name I guess.


Holy shit, thats as cheap as my uncle's Tercel. $1187/year.

Hasn't done that in Markham or Richmond Hill.

Damn, I would take the bus.

Yet what portion was ICBC and what was the private insurer? As far as I understand it, ICBC basic is a set amount, lets say $1500, so 205% is only ~$3K.

Ya you pulled the wool over there eyes and got em. :haha: If you have a 205% surcharge it's because you drive like a blind drunk. You insured your car in someone elses name *golf clap* until you get in another accident and ICBC voids your shit because they'll figure out exactly whats up.They'll ask your neighbors, coworkers or fellow students who drives this car. Then you'll get a bill for the damages to whatever vehicle you crashed into, injuries, doctors, ambulance whatever it might be.

I might come across as crude but it seriously isn't worth it. I know a guy who was smart like you, he now owes ICBC more money then he makes in 3 years.

http://www.icbc.com/autoplan/costs/claim-record/CRS

it says although the most on the chart says +205%, its possible to exceed that amount.

+205% is not the same as 205%

OK still, $4.5K is not $15K.

You're using $1500, he said he's paying ($260 x 12) $3120 a year right now with a discount which could be as high 43%. Take away that 43% discount and you're around $4500 a year then add another 205% surchage on top of that and it will be a lot closer to 15K then 4.5K.

yup... 15k @ +205% would mean his base rate is around 5k. not uncommon for a lot of cars.

nobodys pays just $1500 with 0% discount! that would be insane no matter what car you drove let alone an audi

u fell for an icbc scam....to and from work within 15km costs the exact same if its in excess of 15km...plus if u say in excess of 15km's then it counts for pleasure use aswell. just hope u dont crash ur car 16 km's fropm home or expect a shit storm from icbc

97 Integra RS
300m / $1000 / $1000

pay $2300 a year with 20% discount

ICBC actually scams people?

damnnnn never heard :D

Unless you bought like the biggest shit box ever and having it take the penalty is one other way working around the surcharge

$4000/year
07 Civic Si
New driver- No discount

$185 per month
10% discount

2 mil liability
300 comprehensive
work/school within 15km

I see you work for ICBC, must be a top exec.


They give you 6 days for pleasure use outside of the work driving per month. How can they track how many days I've used.

I guarantee if someone t-boned me in kelowna (not where I live by far) I'd get covered. Which is nice to know, since too many old people live there and I spend a lot of time there.


I'll give you the benefit of the doubt though and I'm gonna double check with my insurance broad, just to make sure nothing has changed since I last renewed my car.

who am I kidding, you're obviously wise beyond your years and are never wrong, ICBC scammed me and I should never go 15kms past work!!!!!!

Does everyone know that your insurance is 2 parts?
1. Basic
2. Optional (liability, comprehensive, collision)

The XX% discount/penalty only applies to the Basic portion. With a 25% discount my Basic is about $1200, Optional another $800.

If I was a 60yo man with a perfect record, my Optional would be $400, if I was 20yo with a perfect record it would be $2K, as 30yo with a perfect record its $800. Guess what? The Basic stays the same (not considering discounts/penalty percentages).

Correct me if I am wrong.