| Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n |
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03-11-2019, 06:53 PM
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#1 | | Captain Happy Bubble is my Homeboy
Join Date: Feb 2013 Location: vancouver
Posts: 300
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| PSA: renew your insurance before April 1
Hey guys, just wanted to remind you all if your insurance is expiring within 55 days before April 1 to do so as insurance rates are going up. Let’s not give ICBC more money!
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03-11-2019, 08:53 PM
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#2 | | I *heart* Revscene.net very Muchie
Join Date: Apr 2014 Location: Van
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How does that work? You can renew before your insurance is up? What is it up by? 6%?
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03-11-2019, 08:57 PM
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#3 | | Captain Happy Bubble is my Homeboy
Join Date: Feb 2013 Location: vancouver
Posts: 300
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| Quote:
Originally Posted by JDMDreams  How does that work? You can renew before your insurance is up? What is it up by? 6%? | Yes you can renew your insurance for another year as long as it’s due to expire within 55 days
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03-11-2019, 10:22 PM
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#4 | | no
Join Date: Apr 2008 Location: home
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i thought it was June?
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03-12-2019, 12:34 AM
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#5 | | Rs has made me the woman i am today!
Join Date: Apr 2013 Location: revscene
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I wonder if it's worth it to cancel my insurance (and lose my plates) and to get insurance before April 1 LOOOL
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03-12-2019, 12:58 AM
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#6 | | Where's my RS Christmas Lobster?!
Join Date: Aug 2010 Location: B.C
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| Quote:
Originally Posted by BIC_BAWS I wonder if it's worth it to cancel my insurance (and lose my plates) and to get insurance before April 1 LOOOL | ^ hmm $30 dollars for cancellation fee and new plates are $18 (unless u have vanity plate/parks plate then add $100).. so total is $48.. whats the new percentage hike?
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03-12-2019, 06:43 AM
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#7 | | I'm invisible
Join Date: Jun 2002 Location: 604 Vancouver
Posts: 4,458
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| Quote:
Originally Posted by i-vtecyo ^ hmm $30 dollars for cancellation fee and new plates are $18 (unless u have vanity plate/parks plate then add $100).. so total is $48.. whats the new percentage hike? | If you finance the insurance, there’s is another $15 enrollment fee.
Plus the rates are probably in if you are renewing within 55 days.
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03-12-2019, 07:18 AM
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#8 | | RS controls my life!
Join Date: Sep 2002 Location: Burnaby
Posts: 763
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| Quote:
Originally Posted by JDMDreams ...What is it up by? 6%? | https://www.cbc.ca/news/canada/briti...hike-1.4964102
6.3% Increase April 1st, and more changes in September.
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03-12-2019, 08:27 AM
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#9 | | private modder
Join Date: Feb 2002 Location: North Shore
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ICBC asked for and received permission from the BCUC to pre-load the rates into ICBC's system, so when the renewal letters are sent out they will already reflect the increase unfortunately.
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03-12-2019, 10:52 AM
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#10 | | RS.net, where our google ads make absolutely no sense!
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| Quote:
Originally Posted by Eff-1 ICBC asked for and received permission from the BCUC to pre-load the rates into ICBC's system, so when the renewal letters are sent out they will already reflect the increase unfortunately. | Thanks for clearing this up.
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03-12-2019, 03:21 PM
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#11 | | I don't get it
Join Date: Aug 2015 Location: Main & Hastings
Posts: 449
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I got my renewal letter yesterday. I guess I won't rush to renew
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03-16-2019, 08:22 AM
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#12 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,133
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my broker sent me this:
Your rates will still be effective June and will have June rates in April. In order to prolong the inevitable of the rate increase you will have to cancel the plates and insurance you have before April 1st and have new plates issued. There are fees involved: Cancellation $30, New Plate $18 and the New monthly payment fee $15. There were also two rate increased since your last renewal that will apply regardless.
You have basic insurance with ICBC. You will not save much money by cancelling the plate and basic insurance before April 1st. The rate increase for basic is 6.4% and your current basic insurance is $1117. You will only save about $15-$20 dollars a year.
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03-16-2019, 08:39 AM
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#13 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2002 Location: Vancouver
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After experiencing private insurance in other provinces, I use to be a full fledge a ICBC supporter. Not anymore. I just insured a new to me (2008) vehicle and it’s $2000 a year. That is insane for someone with Roadstar, never a single claim and zero tickets in the last 10 years. My wife and I have 3 cars (Hers, mine and the project). This is an insane amount of money for insurance for good drivers.
How do we boot them the hell out of here?
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03-16-2019, 09:05 AM
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#14 | | Need to Seek Professional Help
Join Date: Oct 2004 Location: burnaby
Posts: 1,034
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Just got my renewal, 08 is350 $2659. 43% discount. This does seem awfully high.
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03-16-2019, 10:04 AM
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#15 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,603
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| Quote:
Originally Posted by Suprarz666 Just got my renewal, 08 is350 $2659. 43% discount. This does seem awfully high. | I think our rate is absolutely nuts.
My Mini Cooper is around 2400 per year WITH 43%, Roadstar and every discount one can possibly get.
I can't imagine how young people can afford a car anymore. By my calculation, it's roughly 400/mth without discount and on monthly payments. Sure, every car's rate is different but I figure a Mini cooper is average at best.
Speaking of average cars though, I remember talking to my ex-boss about his Ferrari Italia and it was around 4xxx to insure per year. Not sure how much discount or program he's on, but it seems totally out of proportion when that car is worth 10+ times what my Mini cooper is.
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Nothing for now
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03-16-2019, 11:54 AM
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#16 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
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@Hehe, the value of the car only affects the collision premium. Cause that's the one that insures yourself when you fuck up your own car. Otherwise, I believe a majority of the costs goes towards 3rd party and other persons car.
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03-16-2019, 04:14 PM
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#17 | | Rs has made me the woman i am today!
Join Date: Jun 2002 Location: Vancouver
Posts: 4,461
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Wife just got her renew notice.
2007 CRV (43% discount, 2 mil, 300/300, +15km to work, 10+yrs exp) $2050.
~$100 more expensive than last year.
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03-16-2019, 05:02 PM
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#18 | | I Will not Admit my Addiction to RS
Join Date: Sep 2004 Location: Lower Mainland
Posts: 557
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My 2014 FR-S (43% discount, 2 mil, 300/300, <15 km to work, 10+ years exp) is $1,465.
Living in Whistler seems to save me quite a bit.
Last edited by a90a93; 03-16-2019 at 08:22 PM.
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03-16-2019, 06:00 PM
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#19 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
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| Quote:
Originally Posted by Suprarz666 Just got my renewal, 08 is350 $2659. 43% discount. This does seem awfully high. | what the hell......
my 2014 Mercedes E class V8, only $2658 43% discount
1 Dollar cheaper than yours.
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03-16-2019, 07:13 PM
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#20 | | Need to Seek Professional Help
Join Date: Oct 2004 Location: burnaby
Posts: 1,034
Thanked 550 Times in 118 Posts
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Its with 500/500 deduc as well.
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03-17-2019, 09:26 PM
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#21 | | Where's my RS Christmas Lobster?!
Join Date: Mar 2011 Location: Richmond
Posts: 878
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Pardon me if it's been explained before or is actually available --
Why doesn't ICBC publish openly the geographical rate variance?
About five years ago, a friend and I had identical vehicles, identical licence history, clean records, and identical insurance coverage. His cost: $960. My cost: $1280. We lived within a block of each other but on different sides of a rate boundary according to an AutoPlan broker. He wouldn't divulge any more information.
I remember having a 91 Civic in Sooke costing me $320/year... in Richmond it was $1300/year.
Last edited by BillyBishop; 03-17-2019 at 09:34 PM.
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03-18-2019, 06:35 AM
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#22 | | Even when im right, revscene.net is still right!
Join Date: Oct 2012 Location: y
Posts: 1,331
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| Quote:
Originally Posted by BillyBishop Pardon me if it's been explained before or is actually available --
Why doesn't ICBC publish openly the geographical rate variance?
About five years ago, a friend and I had identical vehicles, identical licence history, clean records, and identical insurance coverage. His cost: $960. My cost: $1280. We lived within a block of each other but on different sides of a rate boundary according to an AutoPlan broker. He wouldn't divulge any more information.
I remember having a 91 Civic in Sooke costing me $320/year... in Richmond it was $1300/year. | And what would you realistically do with that information?
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03-18-2019, 10:11 AM
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#23 | | Say NO to blade grinders!
Join Date: Apr 2001 Location: Vancouver
Posts: 8,083
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| Quote:
Originally Posted by H.Specter And what would you realistically do with that information? | He would obviously move!
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03-18-2019, 11:57 AM
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#24 | | RS Veteran
Join Date: Nov 2001 Location: An Island
Posts: 14,400
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| Quote:
Originally Posted by IMASA Wife just got her renew notice.
2007 CRV (43% discount, 2 mil, 300/300, +15km to work, 10+yrs exp) $2050.
~$100 more expensive than last year. | In Victoria (Saanich) renewed two weeks ago. 2013 CRV (43%, 2 mil, 300/300, more than 15km to work, 10+ yr household, under insured protection $25 extra) $1424
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03-22-2019, 04:07 PM
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#25 | | RS.net, where our google ads make absolutely no sense!
Join Date: Apr 2013 Location: Squamish
Posts: 925
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| Quote:
Originally Posted by hud 91gt After experiencing private insurance in other provinces, I use to be a full fledge a ICBC supporter. Not anymore. I just insured a new to me (2008) vehicle and it’s $2000 a year. That is insane for someone with Roadstar, never a single claim and zero tickets in the last 10 years. My wife and I have 3 cars (Hers, mine and the project). This is an insane amount of money for insurance for good drivers.
How do we boot them the hell out of here? | I'm getting close. The problem with other provinces (like Ontario, where I lived until 23yrs old) is that with multiple insurance companies, they don't have to insure you. They can hike the rates for your situation, and simply tell you "there are other options if you don't like it."
For RevScene enthusiasts, this becomes important the moment you modify a car. When I left ontario, it had gone as far as some companies denying your insurance claim if you had put non-OEM wheels on your car. It was written right in State Farm's policy, if you read it. There are a NUMBER of us on here that would not have in insurance under a completely capitalist market, like Ontario's. The beauty of ICBC is that if it passes a safety inspection, regardless of your age, you can get insurance. True, if you're under 25 and the car is worth more than $250,000 you can only get minimum liability...but at least you can still drive it.
It's getting pretty hard to use the above as an argument for keeping ICBC though. The fees are insane, and I pay full rates on five cars...even though I live alone, and can only drive one at a time. That's insane. But for the most part we get compared to Alberta, where insurance is cheaper. But keep in mind Ontario, BC and Alberta are the three highest provinces for insurance costs.
ICBC works hard to make the cost of claims payout the central issue, but I think significant savings could be had by looking closely at the management structure and payouts.
-Dave
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