ICBC raising insurance for speeders

[91LS-VTak]

At least there is no more photo radar....people would be livid if their insurance rates went up because they were driving "61" in a "50"

[snowball]

Originally Posted by Edison_Chen

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.

^ they started cracking down on people who insured for "pleasure" use but drove it to school/work which is why there is a larger difference now.

[slammer111]

Isn't this essentially double jeopardy? They get you once, then again?

Normally I just pay my tickets, but this is seriously going to make me dispute (and chance it) if a $200 ticket really means $800 over 3 years or whatever.

And why don't they raise the limits on the highways around here either? wtf..

[TRDood]

Originally Posted by slammer111

Isn't this essentially double jeopardy? They get you once, then again?

Normally I just pay my tickets, but this is seriously going to make me dispute (and chance it) if a $200 ticket really means $800 over 3 years or whatever.

And why don't they raise the limits on the highways around here either? wtf..

I don't know what the right answer is about this speeding premium. Of course, different people will have their own opinion and there's a problem of "speeding" and actually getting "caught speeding". But:

1. People see the gov't as a whole, so we think that we are getting dinged double.
2. Within the gov't, there are so many different departments and companies. They each want to generate revenue. ICBC gets some, the cops get some, ministry of transportation get some.

Bu there's no way to change that. It is just departments within the gov't competing for different pockets of money and protecting their own interests.
Posted via RS Mobile

[PiuYi]

this still makes my blood boil

ICBC purchased 2,108 Olympic tickets and 400 Paralympic tickets for a total cost of about $405,000, with 85 per cent going to brokers, collision repair shops, and suppliers, and the rest to staff to host business partners.

ICBC said its tickets were bought using funding from the sale of optional insurance coverage, and no funds from the sale of basic insurance were used.

http://www.cbc.ca/news/canada/britis...otto-icbc.html

[Timpo]

“We’re modernizing our company to better serve them based on the feedback we’re getting.”

One common complaint was customers felt it wasn’t fair that good drivers paid the same rate as drivers with a history of collisions and traffic violations, Jan Vrem said.

ok so...customers felt it wasn't fair? how many customers?
did they actually ask all the customers who bought ther insurance?
they certainly didn't ask me.

I think ICBC is just picking only very few customers feedback who would favour their revenue.

If 90% of customer said that ICBC should be charging speeding premium, then I don't have a problem with it...but who are those "customers"?? like 1 or 2% of people?

[Meowjin]

who do i write to to complain about ICBC

[Timpo]

Originally Posted by MajinHurricane

who do i write to to complain about ICBC

don't bother

ICBC will tell you that they're doing this only for safety reason, not for extra several hundred million $ revenue that they're getting.
Also, they get numerous complaints about pretty much everything so it's not likely they would have a time to sit down and talk to you about this.

what you can do is to write this down to other forums in BC, car related or not...or talk to media about it? So that people are aware at least? I dunno.

[Death2Theft]

Wonder whatever happened to that idea where icbc was gonna allow dual insurance where you could insure a high mpg car for daily commute and pay a lil extra to use a truck when you needed.

[Timpo]

Originally Posted by Death2Theft

Wonder whatever happened to that idea where icbc was gonna allow dual insurance where you could insure a high mpg car for daily commute and pay a lil extra to use a truck when you needed.

if it's not gonna be profitable to them, they won't do it...it's all about money.

why did they decide to raise the insurance rate for people who got speed tickets? instead of lowering the insurance rate for people who didn't get any speeding tickets?

[Marco911]

Originally Posted by Timpo

ok so...customers felt it wasn't fair? how many customers?
did they actually ask all the customers who bought ther insurance?
they certainly didn't ask me.

I think ICBC is just picking only very few customers feedback who would favour their revenue.

If 90% of customer said that ICBC should be charging speeding premium, then I don't have a problem with it...but who are those "customers"?? like 1 or 2% of people?

The only customers they asked was management at ICBC who drive ICBC insured cars.

[Marco911]

Originally Posted by Death2Theft

Wonder whatever happened to that idea where icbc was gonna allow dual insurance where you could insure a high mpg car for daily commute and pay a lil extra to use a truck when you needed.

It's called a Temporary Operating Permit (TOP). Look into it.

[Death2Theft]

Thats a pain in the ass having to go to an insurance place everytime you want to use it.

[bcrdukes]

Originally Posted by MajinHurricane

who do i write to to complain about ICBC

Your MLA.

[dai3yuen]

Originally Posted by Timpo

if it's not gonna be profitable to them, they won't do it...it's all about money.

why did they decide to raise the insurance rate for people who got speed tickets? instead of lowering the insurance rate for people who didn't get any speeding tickets?

From what I understand, drivers with no tickets will see a reduction in their premiums, while drivers with tickets will see an increase.

[originalhypa]

Originally Posted by Timpo

ok so...customers felt it wasn't fair? how many customers?

did they actually ask all the customers who bought ther insurance?
they certainly didn't ask me.

I'm sure it's the same group who told Shaw and Telus that they support billed bandwidth tiering.

[TheNewGirl]

On the radio this morning they were explaining that this would mean a rate increase for about 30% of drivers who had multiple tickets and collisions. Mean while many drivers would stay about the same but the drivers with the longer, cleanest driving records would also see a rate decrease (but they couldn't give a percentage of drivers that would, or what sort of decrease that would mean).

If this is the case. I'm not so against it (though I'm also totally biased given I've never had a ticket or been in an accident I caused and I admit that).

That said... doesn't out insurance system already so this? Like my sister was found at fault in an accident and she lost her entire discount. She's going to be paying for that accident for like the next 10 years that it takes her to max out again.

If they simply used a threshold of points on your license to remove your "good driver discount" wouldn't that have the same effect?

[toyota86]

I'm against any kind of fee/premium/ticket/whatever increase but if there is no way to change what is inevitably going to come, here is a different way of thinking about it.

Just don't get caught. It's like doing preventative maintenance instead of having to fix something after it breaks. ICBC is banking on the fact that people wouldn't change their driving habits after the new increases. I'm not saying don't speed or don't have fun. I'm advocating changing your habits or your car so you lower you chances of getting caught.

Think about it. If less people get caught, every one of them lose revenues. All other cash grab government departments will blame ICBC for their losses.

Be better/smarter drivers. Learn the locations of common speed traps/cameras/police presence. Learn what unmarked cars the law have in their fleet. Become friends with people in law enforcement and people in ICBC. Learn how the system works and find loop holes. Know the law and what your rights are. Common sense goes a long way as well.

You could also be on the offensive. Detectors and jammers are cheap compared to an impound. The new hotness seems to be real time gps tracking of speed traps. Police scanners are nice to have. Never be the first 3-4 cars in a pack of cars. Radios are a must when cruising in a pack. Disable DRL, get rid of the fart can, get rid of very distinguishing features on your car, maintain good ride height so you can bust a U-turn or hop a curb without destroying your car. Simple easy stuff. I'm sure you guys know more.

I've given up hope with doing away with the 40+ and the ICBC rate increases. If you can't change others change yourself and adapt.

[Death2Theft]

Solid rubber tires awd and retracting plates.Can't give you a ticket if they can't stop u.

[Timpo]

Originally Posted by dai3yuen

From what I understand, drivers with no tickets will see a reduction in their premiums, while drivers with tickets will see an increase.

I'm sure ICBC has exectives with MBA and years of experience making money. I'm certain that they have done their research and projected all the potential income by making this new rule.

The reduction in the premium would be nothing compare to how much extra revenue they're getting. I'm sure ICBC has figured all that out.

Realistically, they would NOT make this new rule if it wasn't going to increase the revenue.
They might make themselves look like they're doing something good for the community, but they're not.

[RiceIntegraRS]

I see our max discount going from 43% -> 45%

I wouldnt really have a problem with this if say u lose 5% for an excessive speeding ticket but for just speeding? I just looked out my work window and saw like literally 20 cars speeding as i type this msg
Posted via RS Mobile

[Timpo]

Originally Posted by RiceIntegraRS

I see our max discount going from 43% -> 45%

I wouldnt really have a problem with this if say u lose 5% for an excessive speeding ticket but for just speeding? I just looked out my work window and saw like literally 20 cars speeding as i type this msg
Posted via RS Mobile

^this.

as you just saw from work, you can easily imagine how much millions of $$$ ICBC are going to make by this new rule.

[falcon]

Originally Posted by TheNewGirl

On the radio this morning they were explaining that this would mean a rate increase for about 30% of drivers who had multiple tickets and collisions. Mean while many drivers would stay about the same but the drivers with the longer, cleanest driving records would also see a rate decrease (but they couldn't give a percentage of drivers that would, or what sort of decrease that would mean).

If this is the case. I'm not so against it (though I'm also totally biased given I've never had a ticket or been in an accident I caused and I admit that).

That said... doesn't out insurance system already so this? Like my sister was found at fault in an accident and she lost her entire discount. She's going to be paying for that accident for like the next 10 years that it takes her to max out again.

If they simply used a threshold of points on your license to remove your "good driver discount" wouldn't that have the same effect?

Exactly. This thread is full of garbage. My dad works at ICBC H/O in N. Van and is involved with re-designing the system. When they go to this system, all the others will be GONE. There won't be a point premium AND this... Some of you really need to do some research. I don't really like ICBC much, and don't think that because my dad works there that I condone everything they do.. but it's about time they start thinking of working like a normal insurance company. This is the way it's done everywhere else other than socialist BC.

[quasi]

Originally Posted by falcon

Exactly. This thread is full of garbage. My dad works at ICBC H/O in N. Van and is involved with re-designing the system. When they go to this system, all the others will be GONE. There won't be a point premium AND this... Some of you really need to do some research. I don't really like ICBC much, and don't think that because my dad works there that I condone everything they do.. but it's about time they start thinking of working like a normal insurance company. This is the way it's done everywhere else other than socialist BC.

We can only go on the information given. No where in that article originally posted does it say they are redoing the system and the point premium that's in place would be gone. If they do get rid of the point premium I don't think people would have a problem with it. Read the responses people were outraged because they felt they could possibly get dinged twice.

I don't have a problem for paying a higher rate because of tickets I would have an issue with paying a higher rate, plus a points premium on top of that.

[freakshow]

^ Additionally, there isn't much talk about how much of a reduction a safe driver will see. It wouldn't make me much happier if the penalties for dangerous drivers increased, and the benefit for safe drivers stayed the same, or improved by some negligible amount.