icbc rates question
 

Soo rates are coming down next month

I have to renew now; is the new rate supposed to be calculated into my 1 year renewal?


I asked the receptionist at the insurance kiosk at london drugs and she said "no" but she had major attitude so i doubt her sincerity hence my questioning here ;)

i was only going to buy a month/3month pass and she tells me that the "penalty" ends up being more than the deduction i'd end up getting anyhow

renew for 3 months now, then 1 year when your 3 months is up to get the discount rate.

ppl that renew now are sol

Honest opinion it's not worth short term unless you absolutely have bad discount or your insurance is very expensive. Icbc says there will be 3% off basic insurance and approximately another 3% off the optional. 1 short term (ie 3 months-the short term surcharge premium and short term surcharge license fees.) ususally is about ~$60-100 extra. The exrtra fees cost more than the savings.
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ah ok thanks guys

i thought she was just being an unhelpful bitch guess i pegged her wrong

Last time the rates went down I got a cheque in the mail for the difference at the end of the year.

1. the "Bitch" was referring to the "Short term Surcharge" which can ad up to and over $60~100 like Edison says. Just call in 604-661-2800 after Nov and ask them to adjust the rate. They will most likely mail you a check.
2. London Drugs. She probably cheated on her exam to get out of isle 6...

1. To add to that, if you do a midterm change to your policy, ICBC charges a fee to update any discount. Thus, if the update is less than $30, ICBC doesn't do it.