I'm sure someone's gonna find loopholes

They also do rates by where you live. If you only drive 10K yet do mostly urban driving in Vancouver you're more likely to have an accident than someone doing mostly highway/rural driving in interior BC.

the rule or law will NEVER make sense perfectly...they're made by human, there always will be some flaw.

honestly we need a privatized system for car insurance so we can actually have competitive rates. ICBC is a worst then the telecom companies we have..

yea ICBC dominates BC so they can do whatever they want no matter how unreasonable their decisions are

is there's a law? only ICBC can be the car insurance company?

Maybe lol

This would be fine if they lowered the rates for those with no tickets but that isn't going to happen.

Exactly, they're not going to lower the rates for "good drivers" they're just going to raise the rates for the bad ones, so it looks like good drivers are getting a discount. Just like everything this "non-profit" organization does this is just another cash grab so the execs. can make HUGE bonuses like every other year. In my eyes it's an EPIC:failed:

This is what I've been saying forever. There should be free insurance or a heavy discount if you've had a clean record. There should be no cap on the discount if been driving 20 years with no accidents, speeding tickets etc... I'm somewhere close to 14 years with no accidents.

What what you wish for. While a private system may reward good drivers - it absolutely punishes bad drivers or potentially risky drivers. As young males we'd be very punished by the private system since our demographic is at higher risk.

I find the ICBC system very fair with how they handle the discount level. If you have an accident you know exactly how much you'll drop. With private insurance you're never sure - even companies with "accident forgiveness" have so many loopholes they could deny you for. Worse, if you do have an accident it becomes nearly impossible to switch insurers - they will all want a premium for you to switch with a recent bad driving record - so your insurance company can jack the rates sky high and you're stuck.

If you are a 62 year old man with a clean driving record it is good to have.

Take a look at what young males pay for insurance back east in Ontario...you will be embracing ICBC when you compare their rates

i got hit by drp. for 1 excessive speeding ticket, I paid 2k over a 3 year time period. Bullshit if you ask me.

You'd pay a lot more than that under a private system, and for a lot longer. Some things stay on your record for 6-10 years.

I wonder what mr. XTC604's insurance rate will be :troll:

^He's too fast to be caught, so no speeding ticket.

Escort and Valentine will be pleased to hear about this :troll:
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In theory privitization would lower rates, in practice our public system is infinitely supperior. There's a reason that even Gord the sword, who sold off crow corporations with great enthusiasm, kept icbc.

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Not if theres snow on the ground...

government is getting poor :(

that's because the nation is getting poor due to shit like this

http://www.mpi.mb.ca/english/newsroo...011/Mar31.html

Heres something that you'll never see ICBC do.

if people in Richmond stop driving their lexuses /lexi? into shopping malls or car dealerships we will see this

This would only happen if BCUC tells ICBC to give a rebate to everyone and we know that will not happen because the Government will take the money for themselves.

http://www.ctvbc.ctv.ca/servlet/an/l...ritishColumbia

Our rates should have been lowered but instead all the money went to the Government instead.

When I spoke with my broker a couple years ago, I believe he mentioned ICBC no longer charges different rates for >15km or <15kms. They still ask you the question, but the rates are the same. As long as you're commuting each day, those who drive more than 15 kms haven't statistically shown they are a higher risk that those who drive 15 kms or less.

There is still, however, a different rate class for pleasure use vs commuter use.

The premium to drive over 15kms is still more than under 15. Its usually not a big difference over a year. ~$40-$50 more a year.

Many years ago, the difference used to be a few dollars more.