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-   -   Review (and possibly proposed changes) to ICBC Collector Motor Vehicle Program (https://www.revscene.net/forums/710026-review-possibly-proposed-changes-icbc-collector-motor-vehicle-program.html)

Timpo 08-19-2016 01:56 PM

Quote:

Originally Posted by BoostedBB6 (Post 8781640)
I think the concept of the program is good, but in the end a high value car should not be allowed to insure for a low value rate.

oh good point, people can register Ferrari 250 GTO and Lamborghini Miura for super cheap by ICBC.

JDM fans can insure Toyota 2000GT for cheap too.

Timpo 08-19-2016 02:01 PM

Quote:

Originally Posted by Manic! (Post 8781661)
They should scrap the Collector Motor Vehicle Program and allow one plate for multiple cars. I would like to own a couple of more cars but having to insure a car that I am barley going to drive is stupid.

Quote:

Originally Posted by Traum (Post 8781662)
I know what you're getting at, and in theory, I agree with it as well. However, executing this requires a fundamental shift in how auto insurance is issued. Instead of having insurance (mostly) tied to a vehicle, it needs to be tied to the driver.

ICBC used to have it. You can insure your primary vehicle at your rate, and get the second vehicle additional 50% off (or something significant) on top of your insurance discount.

According to many posts on RS(I can't find the thread now), many people registered 50cc scooter as a "primary vehicle" and got a massive discount on Mercdes and Audi because they were their "second vehicle"

vitaminG 08-19-2016 03:35 PM

i really feel like the collector vehicle program caters to only select groups of car enthusiasts. why should the guy with a 200k hotrod or muscle car get discounted insurance? not to mention all of the allowable modifications are catered to towards domestic vehicles.

i think they should keep the year at 25, set an upper limit to a cars value and get rid of modified 1958 and prior. change the allowable modifications to be more clear and allow basic modifications that apply to newer vehicles like a chip and cold air intake.

TouringTeg 08-19-2016 05:03 PM

From a personal point of view I hope that when my ITR is 25 years old I can get collector plates simply to save on insurance.

Even if ICBC raises the age to 35 years it makes no difference to my plans. I will still restore my car to original spec and enjoy it for as long as possible.


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