ICBC insurance renewal question
 

hey all.. my insurance is due on my leased car next month..so is it true that you can opt to insure it for 6months rather than 12? I mean, they can't
'force' you to do 1yr can they since it is a 'leased' car?

if you really want, you can choose to insure for 3 months at a time. although if you choose to insure for 6 months, like i did, you get charged with some sort of "Short Term Licensing Fee"

Technically icbc is supposed to get approval from your leasing company everytime you renew. (usually by fax)
Its done because you arent the actual owner of the car, the leasing company is.

So its really up to them if they approve a 6month term or not.
Usually they will be okay with it but you have to stick to their certain guidelines like most times you MUST get comprehensive coverage.

But I think from the icbc part of it, it costs a bit more when its a shorter term.

thanks for responses.. i was just trying to stretch out the yearly payment figure cuz i'm trying to squeeze in budget to purchase winter tires, mortgage payment, assorted xmas stuff, daily life stuff and of course...car insurance.

ah well.think i'll bite the bullet and just buy the whole year up front.. and er.. save some cash by filling up the TL with regular unleaded hahahahahahah lol.

LOL DONT DO THAT, best cars deserve the best. dont cheap out on fuel. cheap out on presents for other people ;P

do you pay for your FULL year all at once??

If you have a bank account, you should setup (with your autoplan) to do pre-authorized payment direct out of your bank account. So they will split your insurance into monthly payments and they will automatically deduct that amount straight out of your bank.

That way you dont have to pay for everything at once, and still have enough money for your winter tires.

this is what you do

you insure it for the year. whent he lease is up on the car and the day u return the car, you end the insurance. ICBC will mail you a cheque for the remainer of the insurance!

The tl can take regular fuel. Don't be silly... it's a lease so why do you care?

A lot of leasing companies allow terms shorter than 1 year. Some companies like Envision leasing or Four star , you would have to double check with themPosted via RS Mobile

insure for one year.. and pay monthly, then you can cancel anytime.

actually.. i got my 1yr insurance quote yesterday.. did you guys know that rates are ALSO affected by your postal code/location?

When I lived in BBY, my 1yr would have been $1800 and that's to/fro work over 15km.

living in North Delta, my 1yr is $1600 with same as above.

anyways.. that's pretty good and i can put that extra 2hundy towards some good
winter tires.


the insurance agent attributed these 'different' rates to the amount of auto crime
in that particular region.

yah I heard that too, and I also heard if your from the island, like nanaimo, it's like 3x cheaper.
Well, glad it worked out for you!

The expiry stickers for the year 2011 will be yellow...