[meme405]

Couldn't find the thread where we discussed the issue last year. ICBC is once again looking for a ~5% raise in basic rates:

ICBC wants to hike basic rates because of rising number of claims, legal costs - British Columbia - CBC News (http://www.cbc.ca/news/canada/british-columbia/icbc-wants-to-hike-basic-rates-1.3735758)

​ICBC wants to increase insurance rates by an average of $3.50 per month for basic coverage in order to offset costs caused by an increased number of claims and the rising cost of settling those claims.

The provincial insurance corporation said it is asking the British Columbia Utilities Commission to approve a 4.9 per cent rate increase because it says "external pressures" on insurance rates in B.C. are "accelerating."

"We certainly don't like to have to ask our customers to pay more but these external pressures are very real and they have created a perfect storm which we are struggling to hold off," Mark Blucher, president and CEO of ICBC said in a written release.

ICBC is filing an application with the British Columbia Utilities Commission, Aug. 25 to ask for the 4.9-per cent rate hike, effective Nov. 1. Last year ICBC raised rates by 5.5 per cent.

Blucher said the number of vehicle crashes across B.C. rose 15 per cent between 2013 and 2015.


Aside from all the fucking ICBC fuck ups, and all the money the government siphons out of ICBC, and then puts some of it back. I really want to know when the fuck ICBC is going to do something about getting some of the crappy drivers off our fucking roads.

Personally I'd like to see multiple things change:

1. Past a certain number of years or over a certain age, you should have to take another driving test. I'd say when you hit 65 you should have to take your test again.

There is very few doctors who police this issue, because they risk losing a patient if they tell them they shouldn't drive. Or that patient will go to like 18 doctors and find one that says they are safe to drive.

I think the only reason they havn't done the above is because the wait time on road tests. Three ways to combat that:

-Either wait till a driver gets into an accident and then force them to re-do their road test.
-Raise the cost of road tests. Road tests should cover the costs of that aspect of the business, I don't need my insurance subsidizing the cost of some dumbass who take 18 times to pass his road test. Said dumbass should have to bear that cost. Once road test fees cover the cost of the people, it should be easy to add admin type people until the wait time is reduced to a reasonable period.
-Open DMV's on saturdays, double the cost of road tests, and all other services offered on that day. Bet you a lot of people would pay 100 instead of 50 bucks to renew their license if it means they don't have to dick around for half a day and miss work.

2. Fraudsters/Law breakers should be denied coverage. Enough said. If you were drunk -> insurance void, your on your own. ICBC does this to a degree but they still meddle in affairs like this after it has been found parties have done illicit things.

3. Road tests for drivers moving here from other countries. Maybe set up a program with countries like the US, UK, australia, etc. But I'm sorry if your moving here from places like China or India where it is plainly known that driving tests are a joke, then you should be forced to take a god damn road test.

4. Personal injury claims for parking lot fender benders. Deny every single one of these claims. I would make it ICBC policy to not settle any of these case. If someone is dumb enough to take a 5km/h bump in a parking lot all the way to court, ICBC should let them without even offering a settlement, and then counter sue the living shit out of them for all their costs when that person obviously loses.

Unless you're driving around with a broken back, or you're made of porcelain, a 5km/h bump should not cause you physical harm. Every person here feels more force on them as they go over big bumps in the road.

[underscore]

There is very few doctors who police this issue, because they risk losing a patient if they tell them they shouldn't drive. Or that patient will go to like 18 doctors and find one that says they are safe to drive.

The ideal solution would be to have ICBC-employed doctors perform more standardized health checks, but then you run into the problem of finding doctors since the system for becoming a doctor here is a bit fucked.

-Raise the cost of road tests. Road tests should cover the costs of that aspect of the business, I don't need my insurance subsidizing the cost of some dumbass who take 18 times to pass his road test. Said dumbass should have to bear that cost.

I'm fine with the first test someone takes being subsidized, and even the second one if they pass. But for each test beyond that (or if you fail the second test) the cost should be higher. The main reason I say increase after the second failure is because I know multiple people (myself included) who have failed the first time for bullshit reasons.

2. Fraudsters/Law breakers should be denied coverage. Enough said. If you were drunk -> insurance void, your on your own. ICBC does this to a degree but they still meddle in affairs like this after it has been found parties have done illicit things.

Agreed. Someone I knew years back totalled his parents vehicle that wasn't insured for him to be driving, yet ICBC still paid them out. Which basically means the extra money that my parents paid for me to be fully covered driving their vehicle was a waste of money.

But I'm sorry if your moving here from places like China or India where it is plainly known that driving tests are a joke, then you should be forced to take a god damn road test.

In a previous Chinese license thread I believe it was determined that ICBC can't even contact the Chinese authorities to determine if the license they're being shown is valid or not. If someone from another country has a valid license there, then surely it shouldn't be a problem for them to pass the very basic test we have here.

4. Personal injury claims for parking lot fender benders. Deny every single one of these claims. I would make it ICBC policy to not settle any of these case. If someone is dumb enough to take a 5km/h bump in a parking lot all the way to court, ICBC should let them without even offering a settlement, and then counter sue the living shit out of them for all their costs when that person obviously loses.

Unless you're driving around with a broken back, or you're made of porcelain, a 5km/h bump should not cause you physical harm. Every person here feels more force on them as they go over big bumps in the road.

Beyond even that, realistically their license should be taken away. If they can be so severely injured at 5km/h then clearly it's far too dangerous for them to be out on the roads traveling at 50+km/h.

[Marco911]

In a previous Chinese license thread I believe it was determined that ICBC can't even contact the Chinese authorities to determine if the license they're being shown is valid or not. If someone from another country has a valid license there, then surely it shouldn't be a problem for them to pass the very basic test we have here.


You can only drive for 6 months with a foreign D/L until you have to convert to a BC license, which requires a road test for China and India. If you do not intend to become a resident of BC (stay <6 months), you can use a foreign license to drive a car insured with ICBC.

ICBC does not allow you to keep/obtain a BC license if you have a license from any other jurisdiction.

[underscore]

That's good to hear, thing must have changed since the previous thread a few years back.

[Hondaracer]

recently renewed my insurance for my truck and changed my policy as my truck is pretty beat up and is essentially a work/dump runner now as i look for a new vehicle.

I park in a gated parkade so i said fuck it, dont care if i have comprehensive, i never leave anything of value in it, if somone breaks my window i can go to a wrecker fix it myself etc.

Vehicle is a 2001 F150

last year i had full comprehensive, 3 million liability, with 10+ year safe driving, roadstar+ at 44% discount

paid $132 per month

This year, i dropped everything but 3 million liability,

pay $118 a month..

Fuck ICBC

[!Aznboi128]

yay more money for our one and only insurance company

[6o4__boi]

4. Personal injury claims for parking lot fender benders. Deny every single one of these claims. I would make it ICBC policy to not settle any of these case. If someone is dumb enough to take a 5km/h bump in a parking lot all the way to court, ICBC should let them without even offering a settlement, and then counter sue the living shit out of them for all their costs when that person obviously loses.

Unless you're driving around with a broken back, or you're made of porcelain, a 5km/h bump should not cause you physical harm. Every person here feels more force on them as they go over big bumps in the road.


holy shit this
as someone who's been victimized by a fucking bitch cunt who pulled this stunt, 10000% on point.

I get tossed harder when i fuck up shifting gears

ICBC needs this "Are you shitting me?" defense everytime a moron takes those bumps to court.
https://www.youtube.com/watch?v=GrvAsDsa2v8

[MarkyMark]

How about you give good drivers more discounts and jack the prices up more for the shitty drivers? If they can't afford the premiums oh well, one less shitty driver on the road.

16 years without one at fault accident yet I pay like 2200 a year to insure my truck still.

[smoothie.]

waiting for all the "if icbc wasnt here it would be way worse" people

[meme405]

waiting for all the "if icbc wasnt here it would be way worse" people

TBH I don't think overall ICBC does a bad job.

I said a long time ago, my only experience is with ICBC. Whenever I have worked elsewhere where I required a vehicle I did short term leases, and those come with insurance from the leasing company. But having heard stories from other places with private insurance, I don't know which is the lesser of two evils.

The issue here is that you cannot keep jacking the rates 5% a year because you refuse to actually deal with the problem. ICBC still has the opportunity to fix this, Freeze the rate, and correct the actual problem, don't keep patching the problem by driving up the rates. This is going to be the third year in a row ICBC is going to be asking for a rate increase above the allowable. I think this has to be the year that someone says "Hey hold on, this is starting to look really fucked up, what the hell is going on".

[underscore]

waiting for all the "if icbc wasnt here it would be way worse" people

It could be better, it could be worse. I know things can be a lot shittier in some of the private only provinces.

How about you give good drivers more discounts and jack the prices up more for the shitty drivers? If they can't afford the premiums oh well, one less shitty driver on the road.

16 years without one at fault accident yet I pay like 2200 a year to insure my truck still.

The chart seems pretty good? Right now if you had a claim you'd still be at 43%. Hell you could have two and still be at 43%.

http://dumorescollision.com/wp-content/uploads/2012/10/chart.png

[thumper]

i want to bitch about this (i'm up for renewal... yay me) but see all the 643 pages and counting worth of crap driving we have been following on this thread leaves me without word :( http://www.revscene.net/forums/654752-shitty-dangerous-drivers-thread-643.html

[radioman]

Going to 43% discount in a few weeks. Cant wait to see my premiums increase even though getting an additional 3% discount :D

[BoostedBB6]

Max discount with more than 10 years no accidents and still $1995 a year to insure (just paid for the year last week).

[MarkyMark]

The chart seems pretty good? Right now if you had a claim you'd still be at 43%. Hell you could have two and still be at 43%.



If I had the choice to work my way up to a 75% discount, and lose it all with one 100% at fault accident I'd take it.

[DHP 1]

why am i NOT surprise at all, in fact this is not even news anymore.

:heckno: :rukidding:

[fliptuner]

How about you give good drivers more discounts and jack the prices up more for the shitty drivers? If they can't afford the premiums oh well, one less shitty driver on the road.

16 years without one at fault accident yet I pay like 2200 a year to insure my truck still.

I'm maxed out at -21 CRS and will be driving for another 30+ years, with no additional discounts. Where's the incentive?

Insurance should factor in things like tickets and how many vehicles one has insured. Certainly, there should be a sizeable discount for pleasure vehicles, when you already have a primary vehicle used to commute.

[prudz]

in on ICBC bitching thread.

Moved from AB, transferred my history at got 15% discount. I'm 30 in september with one ticket of 7 km/hr over (2.9 years ago)... ya I know lol and 1 at fault accident fender bender (2.5 years ago) at $3k claim. Mind blown at these rates.

bike insurance went from $390/yr full coverage on an 09 r6 to $1200/yr for basic
car insurance went from $79/month full coverage 07 bmw to $204/month for basic on an 2000 ls teg

like lol and then I find out they charge me interest on my payments of 4.5% because I don't pay for the full year up front. If I pull over $2k out of my TSFA then I lose 5% on that $2k for the year. Strong fuck over by ICBC.

[wingies]

Realistically is there anything we as consumers can do? Or do we just have to bend over and take it up the ass?

[Cman333]

I have to say I agree with meme's opinions fully. I share similar thoughts on the same issues.

Seniors really need to have mandatory eye/health checks. I'd trust a 16 year responsible new driver over some blind old person that can't react quickly.

[thumper]

Realistically is there anything we as consumers can do? Or do we just have to bend over and take it up the ass?

do what the supercar kids do... find an address and register in alberta.

[Dragon-88]

You guys need to buy scooters.. $300 for the year in insurance and $5 a tank of gas.. Cheaper than a monthly bus pass. :P

All joking aside.. I've basically had to sell my 600cc motorcycle cause I couldn't justify the cost of have a vehicle and 2 motorcycles insured ($1800 + $600 (600cc for 3-4 monthes & $300 for 125cc/yr). So I kept the one that costs the least amount and still have a tone of fun. It just sucks cause I would love to have more vehicles but the cost to insure is just a joke.

[smoothie.]

^ i need the protection of a car.

getting hit by a car when on a scooter = not good

[fliptuner]

Not ICBC related but just want to add that, paying tax on a privately sold car is fucking retarded.

[Tr1ll]

Not ICBC related but just want to add that, paying tax on a privately sold car is fucking retarded.
This. I don't have to pay a tax when I buy a a phone, shoes, car parts etc.. from a private seller so why is a car any different when the original owner paid a tax for it already.

[radioman]

Not ICBC related but just want to add that, paying tax on a privately sold car is fucking retarded.

And its 12% rofl

[prudz]

Not ICBC related but just want to add that, paying tax on a privately sold car is fucking retarded.

I couldn't believe it when I sold my bike here. The buyer asked if I was paying the tax and I bert stared him. Was like "what tax?" then I read up. He ended up eating it because I sure as heck wasn't about to.

[Lomac]

in on ICBC bitching thread.

Moved from AB, transferred my history at got 15% discount. I'm 30 in september with one ticket of 7 km/hr over (2.9 years ago)... ya I know lol and 1 at fault accident fender bender (2.5 years ago) at $3k claim. Mind blown at these rates.

bike insurance went from $390/yr full coverage on an 09 r6 to $1200/yr for basic
car insurance went from $79/month full coverage 07 bmw to $204/month for basic on an 2000 ls teg

like lol and then I find out they charge me interest on my payments of 4.5% because I don't pay for the full year up front. If I pull over $2k out of my TSFA then I lose 5% on that $2k for the year. Strong fuck over by ICBC.

The question, though, is what sort of coverage did you Albertan insurance have? What was your liability value? Deductible? Etc etc. I've seen some super cheap insurance rates around the country (and USA) but once you start reading the fine print it becomes apparent why it's so cheap.

[Traum]

Seniors really need to have mandatory eye/health checks. I'd trust a 16 year responsible new driver over some blind old person that can't react quickly.
Seniors already have mandatory medical exams (http://www.icbc.com/driver-licensing/re-exam/Pages/Drivers-medical-exam.aspx) to keep their licences. The problem is, it doesn't happen until the driver is 80, and IMO, that's way too old. IMO, it should really be lowered to 65 or earlier.

As much as I hate seeing yet another ICBC rate hike, for some reason, I am not nearly as upset as I was compared to their last 2 hikes. In a News1130 news link on the same topic (http://www.news1130.com/2016/08/25/icbc-asking-for-another-basic-rate-bump/):


ICBC says the rate increase it really needs to cover all the cost increases would amount to 15.5-per cent.

IMO, the provincial government pillaging ICBC's coffers for its own use, the incompetent drivers that shouldn't really be driving in the first place, insurance fraud are bigger culprits here. That is not to say ICBC is without blame, but I see these problems I mentioned as bigger issues that should be addressed first.

[Urrtoast]

Go look into the Bad drivers thread, That is one of the big reason of rate increases. Bad drivers with N, L and C stickers in there expensive cars crashing. There is alot of older 65 plus year old drivers that drive a hell of alot better then that whole thread let alone some municipalities..

[hud 91gt]

I just had to fucking realign my bumper on my 240z due to some asshat. Rates going up, probably because they are claiming a hit and run on their own hit and run. f#^ck I hate bad Parkers lol

[prudz]

The question, though, is what sort of coverage did you Albertan insurance have? What was your liability value? Deductible? Etc etc. I've seen some super cheap insurance rates around the country (and USA) but once you start reading the fine print it becomes apparent why it's so cheap.

I had outstanding coverage. I don't cheap out when it comes to that kind of stuff. Full coverage means just that. Rental vehicles, high liability bracket etc. If I crashed into anything and it was my fault it would be repaired at the shop of my choice etc, deductible was $500 most of the time but for my bike it was $250. The bike coverage was the same, full coverage. I was rocking TD meloche monnex. They require you to have post secondary education to even be able to get coverage with them. For a bike with them you have to have 3 years riding experience minimum or have taken a riders course.

I'm back feeling like i'm 18... basic and theft with shit coverage paying close to what I did at that age with minimal experience. Tough pill to swallow at almost 30. Especially on a car worth so little.

[mr00jimbo]

I want the fucking multi car discount. I am paying those assholes more money, they should give me a discount since I am only driving one car at a time. If they had more people with multiple cars there'd be more money in their pockets, but nope, no multi car discount.

Also, BC liberals stop raiding the ICBC money.

[Hondaracer]

Thing with seniors too is in the big picture, they don't give a fuck if they get into an accident lol

Your 70+ and get into an accident that's your fault, how much longer are you going to be driving anyways? Lol ICBC will never recoup premiums from seniors who get into accidents because odds are they will never have to insure a vehicle for the required period of time after the accident

[MG1]

Fuck you young bastards........... I drive better than any of you cunts................


god bless.........



we're paying for all those fucking dishonest assholes who cheat ICBC. Make false claims, etc.


Anyway, the government is hoping rate hikes will pit people against each other. Damn right I'll report fraud.

[Jmac]

Not ICBC related but just want to add that, paying tax on a privately sold car is fucking retarded.
Yeah, but they had to "level the playing field" for dealerships :facepalm:

The 7% pre-HST tax was bullshit enough

[tiger_handheld]

humans like incentives... and monitoring holds the correct individuals accountable for their actions...

1) $50/yr rebate if you have a dashcamera professionally installed with parking mode. If dash camera "failed to operate" at time of incident, driver at time is automatically 60% at fault.

2) $150/yr rebate if "driving monitoring" device is installed to the car's diagnostic port. Rebate level increases for each year of driving that meets "safe" standards as pre-set. (We share our location with Waze, phone number with FB and employment history with Linkedin... plugging this in to save a few dollars shouldn't be an issue)

3) $200 rebate per instance if video footage of a incident is voluntarily shared with ICBC.

4) If #2 is not accepted, automatic increase in premium of $150/yr, with 5.5% yearly premium increase.

[TouringTeg]

This won't be a popular opinion but I do think ICBC is getting hit hard with vehicle repair costs. Cars are getting more complicated every year and more expensive to repair. They have to pay the costs of importing parts from the US or other countries with our crappy dollar so they are passing that cost on to us.

The government is addicted to the revenue from private car sales. That won't go away any time soon.

[Lomac]

4) If #2 is not accepted, automatic increase in premium of $150/yr, with 5.5% yearly premium increase.

What about cars that don't have an OBD2 port?

[v_tec]

Go look into the Bad drivers thread, That is one of the big reason of rate increases. Bad drivers with N, L and C stickers in there expensive cars crashing. There is alot of older 65 plus year old drivers that drive a hell of alot better then that whole thread let alone some municipalities..

I just had to fucking realign my bumper on my 240z due to some asshat. Rates going up, probably because they are claiming a hit and run on their own hit and run. f#^ck I hate bad Parkers lol

Or even claims like this: http://www.revscene.net/forums/710100-car-backed-into-me-potential-damage.html

I want the fucking multi car discount. I am paying those assholes more money, they should give me a discount since I am only driving one car at a time. If they had more people with multiple cars there'd be more money in their pockets, but nope, no multi car discount.

This would never work unless each driver requires to be insured themselves (ie. Ontario). There's already way too many cars out there that's bought with Mommy/Daddy's name, insured with Mommy/Daddy's -43% discount as the primary driver.....only to be driven by a 18 yr old teen with an N sign 364 days a year.

[twitchyzero]

how about ICBC have incentives for those running dash cams saving them resource & time
I do 98% of the legwork anyways

didn't they also want to rid the collector status too?

My experience with ICBC have all been reasonable...but these little things and the cost irks me.

I welcome options...everytime I compare my insurance to other motorists coveragein AB/USA :facepalm:

[meme405]

didn't they also want to rid the collector status too?


They weren't getting rid of collector status, they just want to push it back 5 years futher, because there is a lot of cars starting to come into the collector status range. They are worried about every john, dick and harry insuring their crap as "collector" and driving around everywhere (except work), for damn near free insurance.

[underscore]

I want the fucking multi car discount. I am paying those assholes more money, they should give me a discount since I am only driving one car at a time.

There's some European country which has a wicked system where you pay a minimal fee to plate and register your car(s), and then you buy insurance for yourself. This insurance follows you, not the vehicle, so if you borrow my car and total it the claim is going through your insurance. Why they don't use this system everywhere is beyond me.

humans like incentives

Sorry but those all sound like terrible "incentives".

This would never work unless each driver requires to be insured themselves (ie. Ontario). There's already way too many cars out there that's bought with Mommy/Daddy's name, insured with Mommy/Daddy's -43% discount as the primary driver.....only to be driven by a 18 yr old teen with an N sign 364 days a year.

I thought doing that invalidates the insurance? Stuff like that is why I always get the excess underinsured protection. Between N drivers breaking restrictions, people breaking the <25 years old term, Alberta plated cars that have never left BC, and incorrectly listed primary drivers there's a lot of people out there that don't have valid insurance.

[twitchyzero]

there is a lot of cars starting to come into the collector status range. They are worried about every john, dick and harry insuring their crap as "collector" and driving around everywhere (except work), for damn near free insurance.

it has to be in super mint state though? if not a < MY1991 Cavalier/Tercel qualifies right now :considered:

[Everymans]

I had to renew my plates last month so I was getting some quotes on some other vehicles because mine is on its lost legs. Here's some of the quotes I got for other cars compared to mine with the same minimal coverage+1,000,000 liabilty.
2014 subaru crosstrek-150$ a month
2009 subaru impreza sti-175$ a month
2001 subaru legacy gt-b twin turbo JDM-148$
my piece of shit 2002 subaru impreza ts that I paid 2000$ for-148$

What annoys me is how it seemed like the class of the car didn't even matter among these quotes. A god damn RHD car with two god damn turbos shouldn't cost the same as a beat up 2000$ impreza. I got a quote from a company in alberta and my impreza would cost something like 78$ a month.

I also found it really ridiculous that there wasn't even a inspection of the car to prove that it was road worthy. The car could literally be on fire at the moment i renew my insurance and i could still get a new tag. Makes zero god damn sense.

Along with all the points made by the Original poster I have a few more suggestions to stabilize the rates.
1.If you drive with a dashcam running you should get a 50% discount. You're making it so ridiculously easy for any claim adjuster to do his job.

2.There should be mandatory driving tests every 10 years to renew your knowledge of the roads. Driving today wasn't like it was 20 years ago and all those bad habits that drivers pick up won't go away unless they are barred from driving because of them.

3.If you drive a luxury car or a super car you should pay a high end premium. I don't know what the rates for a mclaren p1 might be but if an STI is only 20$ more a month then the bone stock impreza then something is clearly wrong with the system.

4.Mandatory vehicle inspections every time you renew plates on a car older then 15 years. Get all those shit heaps that break down on the alex fraser off the damn road. I think this should apply to commercial vehicles every second year as well.

5.if you fail your drivers test you cannot retake it for 3 months. This amount of time doubles each time you fail it. Also, in alberta you pay for the road test. Not sure if that is a thing here.

To be honest I should just send this to an MLA or something. Writing this crap on a forum isn't really going to do anything besides be a vent. Since I've moved to this province ICBC and the health system has baffled and annoyed me beyond reason.

[v_tec]

I had to renew my plates last month so I was getting some quotes on some other vehicles because mine is on its lost legs. Here's some of the quotes I got for other cars compared to mine with the same minimal coverage+1,000,000 liabilty.
2014 subaru crosstrek-150$ a month
2009 subaru impreza sti-175$ a month
2001 subaru legacy gt-b twin turbo JDM-148$
my piece of shit 2002 subaru impreza ts that I paid 2000$ for-148$

What annoys me is how it seemed like the class of the car didn't even matter among these quotes. A god damn RHD car with two god damn turbos shouldn't cost the same as a beat up 2000$ impreza. I got a quote from a company in alberta and my impreza would cost something like 78$ a month.

You would be more surprised if you expanded your research of quotes on other vehicles of the same size, but different brand etc. I don't have the exact example, but ie. a Honda Civic might be more expensive to insure, than a Toyota Camry/Avalon/RAV4 etc.


Along with all the points made by the Original poster I have a few more suggestions to stabilize the rates.
1.If you drive with a dashcam running you should get a 50% discount. You're making it so ridiculously easy for any claim adjuster to do his job.

This isn't going to work either. How do you determine if the dash cam is functional, of quality videos, or even operating at times. Or how about when there's an accident when the owner is at-fault, but refused to provide the video as I would be against him/her.

The only (mere) discount ICBC gives is for cars having a passive electronic immobilizers.

One could argue there should be a discount for those vehicles parked indoor inside garages / gated underground parking etc as opposed to the ones parked on the street prone to vandalism and break-ins too. But it's just too hard to administrate. What if someone have a garage at home, but choose to park it outside anyways? Or only indoor 5 days a year? What if someone have a garage but the car is spent mostly at work, or god-forbid - parking lots in Richmond?

2.There should be mandatory driving tests every 10 years to renew your knowledge of the roads. Driving today wasn't like it was 20 years ago and all those bad habits that drivers pick up won't go away unless they are barred from driving because of them.

Totally agree. Every 5 years for DL, and every 10 years for road test.
Think of the extra "revenue" ICBC could generate from these road tests! :toot:

3.If you drive a luxury car or a super car you should pay a high end premium. I don't know what the rates for a mclaren p1 might be but if an STI is only 20$ more a month then the bone stock impreza then something is clearly wrong with the system.
Already exist for luxury cars. And a 16% "premium' on an Impreza vs STI sounds reasonable.

4.Mandatory vehicle inspections every time you renew plates on a car older then 15 years. Get all those shit heaps that break down on the alex fraser off the damn road. I think this should apply to commercial vehicles every second year as well.

There used to be AirCare, before you came to BC.

[nsx042003]

My garage policy went up too. Committed to lowest possible cost my ass. I hate that letter they sent me about the rate hike. 5.5%. goddamn

So this is another rate hike on top of that 5.5 from May of this year? And that would make this the 2nd year in a row trying to increase?

[tiger_handheld]

Sorry but those all sound like terrible "incentives".






No problem. You can be one of the drivers that pay the 5.5% increase each year. The beauty of giving people options :)

Also why are they terrible?

[tiger_handheld]

What about cars that don't have an OBD2 port?

Exemptions made available to cars that do not have OBD 2 port (in my example #2 and #4 don't apply).

Most rules are made for the "majority", I'd find it hard to believe most cars in BC don't have OBD 2 port.

There are always ways to make everything work!

Maybe we should start a change.org petition.
What's ICBC's up front cost? It's just the cost of the driving monitoring device.. and maybe some back end development for the new rebates. Shouldn't be that hard, they already have the "passive immobilizer" option there...

[underscore]

Since you asked.

1) $50/yr rebate if you have a dashcamera professionally installed with parking mode. If dash camera "failed to operate" at time of incident, driver at time is automatically 60% at fault.

No need for a "pro" install when it's only 2 wires to hook one up. If a hardware failure makes me instantly 60% at fault you've just killed any incentive to having a dash cam. The cameras and cards typically only last a few years in the heat and cold we see, and most people aren't proactive enough to be checking that their camera and card are working on a regular basis.

2) $150/yr rebate if "driving monitoring" device is installed to the car's diagnostic port. Rebate level increases for each year of driving that meets "safe" standards as pre-set. (We share our location with Waze, phone number with FB and employment history with Linkedin... plugging this in to save a few dollars shouldn't be an issue)

What kind of information could you get from a diagnostic port that tells you if someone's actually a "safe" driver? Nothing in there tells you if the person runs red lights or makes unsafe lane changes. I also don't share any of that crap you listed.

3) $200 rebate per instance if video footage of a incident is voluntarily shared with ICBC.

If someone's not at fault aren't they going to do that anyways?

4) If #2 is not accepted, automatic increase in premium of $150/yr, with 5.5% yearly premium increase.

If you get a $150 discount if you have it, and $150 premium if you don't, you're saying you should have to pay $300/yr more if you don't have a stupid datalogger that doesn't actually prove you're a safe driver?

[Nabatron]

so whats going to happen in a few years when they come up with the same bullshit excuses and up the insurance rates again? we are going to get rammed up the ass thanks to these fucktards who run icbc....

[pastarocket]

When you have ICBC operating a monopoly on vehicle insurance in B.C, this rate hikes are bound to happen.

It will never happen but if we have more insurance companies in this province offering services, then rates would be much more competitive.

B.C. = Bring Cash. We need Geico! LUL

[hud 91gt]

When you have ICBC operating a monopoly on vehicle insurance in B.C, this rate hikes are bound to happen.

It will never happen but if we have more insurance companies in this province offering services, then rates would be much more competitive.

B.C. = Bring Cash. We need Geico! LUL

We've had this discussion before. The general consensus from anyone who's lived outside of BC who has dealt with private insurance tends to side with the fact it's a PITA. Myself included. I'll stay with icbc thanks.

[meme405]

Since you asked.



No need for a "pro" install when it's only 2 wires to hook one up. If a hardware failure makes me instantly 60% at fault you've just killed any incentive to having a dash cam. The cameras and cards typically only last a few years in the heat and cold we see, and most people aren't proactive enough to be checking that their camera and card are working on a regular basis.



What kind of information could you get from a diagnostic port that tells you if someone's actually a "safe" driver? Nothing in there tells you if the person runs red lights or makes unsafe lane changes. I also don't share any of that crap you listed.




1. Forget about having a pro install and all that crap. You tell ICBC you have a camera installed, they say okay, here is a $50 a year rebate. If the camera fails or driver fails to provide the video when asked for from ICBC, ICBC should get the 50 bucks back. AKA you have claimed you had a working camera the past three years, yet this year when you got into an accident the camera wasn't working. Very simple you owe ICBC all the $50 rebates you received all those previous years. So you would owe ICBC $150.

2. The devices that he is talking about do actually exist, they have shock and yaw rate sensors, as well as GPS, and receive all the throttle and brake inputs through the OBD2. The idea being that people who don't have sharp throttle or brake inputs and don't drive around jerky all the time receive rebates, those who driving around at WOT or hard on the brakes all the time receive a penalty. Then you curve the data so that most people are at an even threshold. It also tracks things like the times during the day you drive, where you drive, where you park, how many KM's you drive, all this information can be used to further analyze how likely someone is to get into an accident. And the more of this data a company collects, the more they can accurately raise and lower rates depending on certain factors.

These devices have been used successfully in a few places, albeit there has been issues and there is many people who don't like the idea.

Here is a good story on them:

Car-tracking device could lower premiums, insurers claim - Business - CBC News (http://www.cbc.ca/news/business/car-tracking-device-could-lower-premiums-insurers-claim-1.1364666)

[Timpo]

Rise in ICBC rates met with anger
Published:
August 28, 2016
Updated:
August 28, 2016 12:34 PM PDT

Rise in ICBC rates met with anger | The Province (http://theprovince.com/opinion/letters/rise-in-icbc-rates-met-with-anger)

http://wpmedia.theprovince.com/2016/08/richmond-bc-november-29-2011-workers-at-the-icbc-dama.jpeg
ICBC is applying for another insurance rate hike. NICK PROCAYLO / Vancouver Sun

Letters: ICBC, RCMP, Blackberry Picking

Re: ‘Perfect storm’ hits ICBC, Aug. 26

Canada was built on the spirit of competition and a robust free enterprise system. ICBC is a monopoly, as we are required to purchase our basic insurance from them. For many years now, I have purchased my optional insurance from independent and very competitive companies, saving myself many hundreds of dollars each year. At a combined rate increase of over 10 per cent in two years, I wonder how much money we could save if the monopoly was ended and free enterprise was allowed. I suspect ICBC would quickly become a thing of the past and we would all save a lot of money.

Tom Duncan, Chilliwack

Since 2012, Christy Clark’s provincial government has received $514 million from ICBC in “dividends” — political speak for another tax.

We have no choice in this as we cannot go to another insurance company to shop around for a better rate.


I have been driving here for over 37 years with no major claims, and as a senior my rates should be going down every year, not up. This is another example of government inefficiency at its worst. If you need anything screwed up or mismanaged, turn it over to federal, provincial or municipal governments.

G. Nordal, Langley

If claims are soaring, then start charging those who cause the accidents (at-fault drivers) and folks who drive while distracted. It’s not fair that drivers with good records keep having to pay for the bad drivers. ICBC doesn’t seem to get this simple solution. They just keep raising the rates for all of us!

Allan Watt, Penticton

Inflamed rhetoric ill-informed

Re: RCMP blasted for hijabs, Letters, Aug. 26

Apparently George Pearson just emerged from the soundproof bunker he’s been living in for the last 20 years as he is unaware the RCMP recruits gays and lesbians. Also, his belief that Canada is in a defined conflict with Islam is misinformed, to put it mildly. This kind of inflamed rhetoric is not helpful in an otherwise interesting debate on religious freedom vs. Canadian traditions regarding the wearing of hijabs by RCMP members.

Eric Ellemo, Chilliwack

Berry good advice

Re: Learning life’s lessons from picking blackberries, Column, Aug. 15

A very well-written piece on blackberries by Gordon Clark. But he missed a couple of very important points in his article.

Just like “don’t eat yellow snow”, never pick and immediately eat blackberries at or below waist level. I have seen too many guys and dogs peeing directly onto the blackberry bushes in my neighbourhood.

Bring a small- to medium-height stepladder to pick blackberries. Otherwise, the biggest and best blackberries are often well beyond reach. The ladder will also protect you from the thorns. Gently placing your stepladder against a large patch will not damage the well-developed bushes.

(I won’t divulge my favourite blackberry patches, as every year they produce bountiful levels of sweet and delicious fruit.)

And finally: After washing your blackberries, allow them to dry a little before placing them on a large cookie sheet (being careful to keep them separated), freeze them, and then with a spatula loosen them from the cookie sheet and dump them into a large zip-lock freezer bag for future baking or for anything you want to add a delicious burst of flavour to.

Happy picking!

Edward Rogers, Coquitlam

[Timpo]

ICBC wants to hike basic rates because of rising number of claims, legal costs
NDP's Adrian Dix calls government's management of ICBC a 'disaster'
CBC News Posted: Aug 25, 2016 11:13 AM PT Last Updated: Aug 26, 2016 10:17 AM PT

http://i.cbc.ca/1.3722276.1471302646!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_620/icbc-office.JPG
Basic auto insurance rates in B.C. could go up 4.9 per cent. (David Horemans/CBC)

ICBC wants to increase insurance rates by an average of $3.50 per month for basic coverage in order to offset costs caused by an increased number of claims and the rising cost of settling those claims.

The provincial insurance corporation said it is asking the British Columbia Utilities Commission to approve a 4.9 per cent rate increase because it says "external pressures" on insurance rates in B.C. are "accelerating."

"We certainly don't like to have to ask our customers to pay more but these external pressures are very real and they have created a perfect storm which we are struggling to hold off," Mark Blucher, president and CEO of ICBC said in a written release.

ICBC is filing an application with the British Columbia Utilities Commission, Aug. 25 to ask for the 4.9-per cent rate hike, effective Nov. 1. Last year ICBC raised rates by 5.5 per cent.

Blucher said the number of vehicle crashes across B.C. rose 15 per cent between 2013 and 2015.

Rates needed to be much higher

He said damage claims and injury claims are also up more than 10 per cent since 2012 at the same time that the cost of repairing vehicles and the legal and medical costs of settling claims has risen.

There are many reasons for this, Blucher said.

"The number of vehicles in the province are up by 3 million. People are driving more, and there a more cars on the road. Distracted driving is a big cause — 1 in 4 fatal accidents are caused by distracted drivers."

http://i.cbc.ca/1.3721964.1471292170!/fileImage/httpImage/image.JPG_gen/derivatives/original_620/icbc.JPG
ICBC wants to increase insurance rates by an average $3.50 per month for basic coverage, to offset costs caused by an increased number of claims and the rising cost of settling those claims. (David Horemans/CBC)

To cover the costs of more crashes and claims, ICBC would actually need to increase the rate by 15.5 per cent — which would mean an extra $130 a year per customer, Blucher said.

Todd Stone, B.C.'s minister of transportation and infrastructure, said the government directed ICBC to transfer $472 million in income and capital from its optional insurance business to its basic insurance side to help make up the shortfall.

"Not only will these transfers help apply downward pressure on basic rates, they will also help to rebuild ICBC's basic capital," Stone said.

Stone added ICBC is not allowed to raise or lower basic rates by more than 1.5 per cent.

Announcement 'dishonest': NDP

ICBC said it has introduced other measures as well to help keep rates down.

One of them is computer software upgrade for the system that brokers use to register vehicles and sell auto insurance. ICBC said the new system is expected to save $90 to 100 million every year.

Adrian Dix, the B.C. NDP critic for ICBC, called the Liberal government's announcement on ICBC's proposed rate "dishonest."

"What they call management is trying to get through an election by misleading the voters," Dix said.

"They're transferring money in to try and pretend the financial situation is better than it is. That's a one-time transfer of 472 mil from the optional fund to avoid a major rate increase in an election year. But what it leaves is a disaster, a scooped-up hollow hole for whoever wins the next election."

Dix said ICBC has become more litigious, frequently battling in court over claims and has laid off front-line customer service staff. He also said its computer tech upgrade has taken many years to introduce.

"Before 2011, before this premier, under many governments, ICBC was a non-profit insurer that was focused on customer service. They have changed that and it has been a disaster."

CEO Mark Blucher disagreed with Dix, saying he was proud of the "tremendous job" with customer service. He also disputed the idea that the insurer had become more litigious.

"The accusation that we're more litigious is simply not true. [There were] 67,000 claims in 2015, 191 claims involved in a trial. The other 66,800 — we settled with our customers directly."

Though ICBC say claims are up, Blucher said the insurer has been successful in combating fraudulent claims, with a huge increase of emails and calls to the company's tip line to report potential fraud.

"[That's] good enough for us to now forecast that we're going to make savings of about $21 million over the next year by being able to avoid fraud."

[J-Chow]

Here's a solution:

Reduce / Cut down the salaries of ICBC CEO and Senior Management.

Done.

[tiger_handheld]

Here's a solution:

Reduce / Cut down the salaries of ICBC CEO and Senior Management.

Done.

how much would you reduce / cut it down by?


Mark Blucher, ICBC’s CEO had a 35 per cent salary increase from 2011 to 2014, earning $430,095.

VP of Claims Brian Jarvis saw a 21 per cent increase during the same period, making $403,046.

[wingies]

Old article, but the stats are quite staggering .

Metro Vancouver the luxury car capital of North America - BC | Globalnews.ca (http://globalnews.ca/news/2447804/metro-vancouver-the-luxury-car-capital-of-north-america/)

[Lomac]

Here's a solution:

Reduce / Cut down the salaries of ICBC CEO and Senior Management.

Done.

Two things about that:

- The amount that you could conceivably cut their wages and bonuses by would be but a drop in the bucket compared to all the money spent on repairs and lawsuits

- If you cut their salary dramatically, you end up with a brain drain. The people competent enough to do those positions will work elsewhere for better pay. The ones who will still apply will be unqualified or likely wont work their hardest. I know that if I were able to do the same thing I do for work for more pay elsewhere, I'd jump at the chance. No point applying for a company paying half the rate as anywhere else for similar positions.

[RRxtar]

Here's a solution:

Reduce / Cut down the salaries of ICBC CEO and Senior Management.

Done.
95 workers made more than $150,000 in 2015, 145 employees made more than $150,000 in 2014.


So we know the highest paid of those 95 earned just over $400k. lets say an average of $200k. So lets say youd be happy with a 20% wage reduction on them.

That would save $3.8million a year. ICBC had revenues of $4.5 BILLION in 2015.


Reducing upper management wages by 20% would lower their costs by ..... 0.0008%


ok.jpg

[vantrip]

Old article, but the stats are quite staggering .

Metro Vancouver the luxury car capital of North America - BC | Globalnews.ca (http://globalnews.ca/news/2447804/metro-vancouver-the-luxury-car-capital-of-north-america/)

Not sure what this has to do with the thread? Unless you mean more expensive cars on the road = more expensive claims?

[RRxtar]

Not sure what this has to do with the thread? Unless you mean more expensive cars on the road = more expensive claims?
it actually does.

Vancouver has the highest premiums in BC. Insurance in Kelowna is probably 30% less.

Imagine the cost difference in repairing fender benders on luxury cars vs normal cars.

[radioman]

That's not really how insurance works.

Premiums being 30% less in Kelowna has nothing to do with 2,000 or so registered luxury supercars but rather the driving habits of the citizens of Vancouver. More condensed traffic = higher frequency of incidents.

[RRxtar]

That's not really how insurance works.

Premiums being 30% less in Kelowna has nothing to do with 2,000 or so registered luxury supercars but rather the driving habits of the citizens of Vancouver. More condensed traffic = higher frequency of incidents.
it actually is a combination of both.

more likely to crash = higher premiums (vancouver)
more expensive to repair = higher premiums (vancouver's choice in cars)

Territories
ICBC divides the province into territories based on geography and population. A vehicle driven in a sparsely populated area has less chance of being involved in a crash than a vehicle driven in a densely populated area.

Make, model, and year of the vehicle (for Autoplan Optional insurance only)
Vehicles that cost more to repair or are stolen more often, cost more to insure.


not just supercars, but what do you think is more expensive to repair? an accord or an X5?



The accident frequency in vancouver makes your individual premiums higher. The higher expense for ICBC to repair more expensive cars makes the entire province's premiums higher to try to recover that repair cost.

[radioman]

You realize that the comment you quoted was a news article talking about 2,000 luxury cars right?

If you want to talk about mercs and beamers sure, there are "more" of them I'm sure there are more higher end SUV/Sedans rolling around in the lower mainland vs the interior but you can't swing an argument when you initially were talking about "supercars"

Frequency of crashes plays a bigger part into premiums. Yes more expensive cars are more expensive to repair but injuries are more costly.

[teggy604]

Just think what would Americans do if this shit happens? LOL

[RRxtar]

You realize that the comment you quoted was a news article talking about 2,000 luxury cars right?

If you want to talk about mercs and beamers sure, there are "more" of them I'm sure there are more higher end SUV/Sedans rolling around in the lower mainland vs the interior but you can't swing an argument when you initially were talking about "supercars"

Frequency of crashes plays a bigger part into premiums. Yes more expensive cars are more expensive to repair but injuries are more costly.
i didnt read the article to see it was talking about super cars. the title said luxury cars.

the part of the quoted post i was talking about was "Unless you mean more expensive cars on the road = more expensive claims"

[twitchyzero]

let's assume

monopoly means higher premiums but less PITA for claims
options means cheaper regularly costs but PITA during claims

I'd pick the latter to be honest...what's PITA is subjective

[Digitalis]

This is the line of thinking that will lead the path to Uber and driverless cars taking over, as the technology gets better they will jack the insurance rates of human drivers through the roof.
humans like incentives... and monitoring holds the correct individuals accountable for their actions...

1) $50/yr rebate if you have a dashcamera professionally installed with parking mode. If dash camera "failed to operate" at time of incident, driver at time is automatically 60% at fault.

2) $150/yr rebate if "driving monitoring" device is installed to the car's diagnostic port. Rebate level increases for each year of driving that meets "safe" standards as pre-set. (We share our location with Waze, phone number with FB and employment history with Linkedin... plugging this in to save a few dollars shouldn't be an issue)

3) $200 rebate per instance if video footage of a incident is voluntarily shared with ICBC.

4) If #2 is not accepted, automatic increase in premium of $150/yr, with 5.5% yearly premium increase.

[Timpo]

ICBC wants you to ditch your lawyer
By Michael Mui, 24 Hours Vancouver
Monday, August 29, 2016 5:26:13 PDT PM

ICBC wants you to ditch your lawyer | Vancouver 24 hrs (http://vancouver.24hrs.ca/2016/08/29/icbc-wants-you-to-ditch-your-lawyer)

http://storage.vancouver.24hrs.ca/v1/dynamic_resize/sws_path/suns-prod-images/1297871735707_ORIGINAL.jpg?quality=80&size=650x&stmp=1472517571657

ICBC is blaming lawsuits filed by people alleging to be hurt after traffic incidents as being responsible for about $309 million in expenses.

In all, the $309 million in litigation costs represents just under 20% of the $1.7 billion spent last year — ICBC’s press materials suggested the total amount was even higher, at $2.4 billion — by the provincial insurer to deal with injury claims, according to ICBC’s rate application document.

To justify its request for a 4.9% basic rate increase, ICBC said last week it needs more money to deal with additional crashes, property damage and injury claims, saying that costs to deal with injuries had increased 60% over the past 10 years.

However, materials sent to the B.C. Utilities Commission goes to lengths to explain the necessity of a “long-term effort” to “influence or control” the percentage of claimants that choose to hire a lawyer.

ICBC said 53% of injury claimants this year are expected to obtain legal representation, up from less than 30% in 2004.

“This is the highest level of litigation costs to date, and is expected to continue to grow in part due to the increase in the legal representation rate,” the insurer said in its application.

“ICBC will undertake research to further clarify elements that are key to the customer’s decision to retain legal counsel and to what extent ICBC may be able to influence those elements.”

In a statement, ICBC blamed the prolific advertising of personal injury lawyers for the high litigation costs.

“B.C. is the only province in Canada where there are no restrictions on your ability to sue another motorist for even a minor traffic accident,” it said.

“Fuelled by advertising that promises you a large payout from your claim, approximately half of all our injury claims today become represented — many before they are even reported to us (about 25% of claims) — and these claims cost more because they take longer to settle, legal costs are incurred, more expert reports are typically ordered and there is an increased utilization of medical resources and services.”

ICBC said it’s “common practice” for lawsuits to be started by claimants, even though less than 1% of injury claims will end up in trial.

According to its own customer satisfaction survey, ICBC found claimants felt using a lawyer gave them a chance at a higher settlement, access to more treatment, and a greater sense of control. Other factors include how some claimants expected “unfair” compensation, treatment and “biased” adjusters unless they had a lawyer.

Vancouver personal injury lawyer Farouk Jiwa said often claimants would be forced to file a legal claim due to the deadline requiring lawsuits to be filed less than two years after an incident.

“Otherwise people are forced to settle their claims before the two-year mark when they may continue to be hurt or lose their rights. They may also not get what’s fair from ICBC without pursuing litigation,” he said.

“They’re trying to make it seem like these lawyers are the root of the problem ... I am finding more and more we have to take cases to almost the courthouse steps or trial in order to get people fair compensation.”

[Jmac]

ICBC has only itself to blame for low-balling the shit out of people for years on their claims.

You reap what you sew ... Or, as it's a crown monopoly, we're reaping what they sewed.

[MrPhreak]

As crappy as it is to have to pay a few hundred bucks more a year for ICBC, at least you can actually claim stuff.

[underscore]

As crappy as it is to have to pay a few hundred bucks more a year for ICBC, at least you can actually claim stuff.

They also have to insure you, so you don't have to call up loads of places to fnd out who is willing to insure a RHD car or worry about your insurance being cancelled because your insurer found out you took your car to the track.

[Traum]

They also have to insure you, so you don't have to call up loads of places to fnd out who is willing to insure a RHD car or worry about your insurance being cancelled because your insurer found out you took your car to the track.
BS?! Don't tell me a private insurance company can cancel your insurance after finding out I took my car out to the track?! When I am at the track, I already know 1000% that nothing will be covered by the insurance company.

If anything, an insurance company should REDUCE my car insurance when I participate in formal / sanctioned motorsports activities. I'm a safer driver precisely because I know street =\= track.

[J-Chow]

I just insured my new 16' mustang ecoboost and the rate was surprisingly low, considering my 15' Toyota sienna was $1600.

I'm paying $1700 at -43% discount for the stang and couldn't be more happier

:fuckyea:

[ravenhill]

BS?! Don't tell me a private insurance company can cancel your insurance after finding out I took my car out to the track?! When I am at the track, I already know 1000% that nothing will be covered by the insurance company.

If anything, an insurance company should REDUCE my car insurance when I participate in formal / sanctioned motorsports activities. I'm a safer driver precisely because I know street =\= track.

This is an interesting read: UPDATED: GEICO Dropped Me for Autocrossing My BRZ (http://oppositelock.kinja.com/geico-dropped-me-for-autocrossing-my-brz-1770135735)

[meme405]

I am kind of wondering what my rates are going to do when I move back. I am paying about 2200 a year right now for 2 cars.


...


As crappy as it is to have to pay a few hundred bucks more a year for ICBC, at least you can actually claim stuff.

It's not a few hundred dollars difference. Assuming you get a full -43% discount, and depending on where you live and your two vehicles, I'd still say you are probably looking at 4k a year to insure both vehicles.

So that's $1800 a year difference.

I do agree with you though, there are benefits to ICBC. In fact I give them a lot of praise for a lot of things they do on the insurance side of things.

I'm more so concerned about the licensing and management side of things where I continuously see people on the road who are in no condition to do so. Or have no idea the rules of our roads.

[fliptuner]

Just a reminder that 43% discount only applies to basic coverage. Optional coverage discounts depend on your CRS level and max out at -20 CRS.

That's the part I take issue with. I have a good, 30 more years of driving left and there's no incentives left.

[underscore]

BS?! Don't tell me a private insurance company can cancel your insurance after finding out I took my car out to the track?! When I am at the track, I already know 1000% that nothing will be covered by the insurance company.

If anything, an insurance company should REDUCE my car insurance when I participate in formal / sanctioned motorsports activities. I'm a safer driver precisely because I know street =\= track.

They can and they will, it's happened out east as well as in Oregon recently to some people who brought one of their vehicles to a RallyX event. Not only did the insurance company cancel the policy on the vehicle used in the event, they cancelled all of their insurance for all of their vehicles.

Now obviously not all private insurance companies are like this, but personally I'll take the minor inconveniences of ICBC to know that I've got proper insurance that isn't going to disappear on the whim of some company.

[MrPhreak]

.

[donk.]

Not ICBC related but just want to add that, paying tax on a privately sold car is fucking retarded.

Whats wrong with a car being resold lets say 6 times, over a span of 20 years? Kappa

New 20k > 2.4k tax
Resold 15k > 1.8k tax
Resold 10k > 1.2k tax
Resold 7k > 0.9k tax
Resold 3k > 0.4k tax
Flipped 4k > 0.5k tax
Resold 2k > 0.3k tax

Gov made 7.5k on a 20k car :awwyeah: :joy:
Not including parts/insurance/gas/etc taxes

[twitchyzero]

annual renewal for me today
no price hike :thumbs:

edit: nm hike is effect november

[van_city23]

I was reading an article a few months ago about the BC Gov and ICBC. Over the last 6 years, the liberals have taken over $1 billion from ICBC (I think close to 1.2 billion). If that money isn't being taken out of ICBC, our rates don't go up. BC has one of the lowest income tax rates in Canada but the government just makes it back other ways such as taking it out of BC hydro and ICBC which in turn comes out of our pockets.


2014 article Government grabbing cash from ICBC, BC Hydro as they raise rates, NDP charges (http://www.vancouversun.com/business/Government+grabbing+cash+from+ICBC+Hydro+they+rais e+rates+charges/9527548/story.html)

"The Liberal government is grabbing more than $1.7 billion in revenue from the Insurance Corp. of B.C. and BC Hydro over the next three years, on the heels of rate hikes at both Crown corporations.

Tuesday’s 2014-15 provincial budget predicted $8.9 billion in net income by 2016-17 from Crown corporations to help the Liberal government balance its books.

That includes $1.23 billion in dividends from BC Hydro over the next three fiscal years, and $480 million of “excess optional capital” from ICBC during the same period.

The Opposition New Democrats criticized the Liberals Wednesday for taking money from cash-strapped Crown corporations, which in turn raised the rates they charged taxpayers.

ICBC raised basic insurance rates by 4.9 per cent in November, and Hydro rates are set to go up 28 per cent over the next five years, adding hundreds of dollars to the annual bills of most British Columbians."

2016 article - ICBC rate hike 2016: What you need to know | Vancouver Sun (http://vancouversun.com/news/local-news/what-you-need-to-know-about-icbcs-coming-rate-hike)
"According to figures provided by ICBC, the corporation has transferred the projected amount of dividends to the government just once in the past five years.

In 2011, the projected transfer was $185 million, and the actual amount transferred was $101 million. The next year, the projected amount was $181 million but no money was transferred because government directed ICBC to transfer all of its 2012 excess optional capital to its basic account in order to help alleviate pressure on rates.

In 2013, ICBC transferred the projected amount of $237 million. The projection in 2014 was $200 million, but only $139 million was transferred. Last year, ICBC transferred $138 million, falling short of the projected amount of $160 million."

[meme405]

I was reading an article a few months ago about the BC Gov and ICBC. Over the last 6 years, the liberals have taken over $1 billion from ICBC (I think close to 1.2 billion). If that money isn't being taken out of ICBC, our rates don't go up. BC has one of the lowest income tax rates in Canada but the government just makes it back other ways such as taking it out of BC hydro and ICBC which in turn comes out of our pockets.


2014 article Government grabbing cash from ICBC, BC Hydro as they raise rates, NDP charges (http://www.vancouversun.com/business/Government+grabbing+cash+from+ICBC+Hydro+they+rais e+rates+charges/9527548/story.html)

"The Liberal government is grabbing more than $1.7 billion in revenue from the Insurance Corp. of B.C. and BC Hydro over the next three years, on the heels of rate hikes at both Crown corporations.

Tuesday’s 2014-15 provincial budget predicted $8.9 billion in net income by 2016-17 from Crown corporations to help the Liberal government balance its books.

That includes $1.23 billion in dividends from BC Hydro over the next three fiscal years, and $480 million of “excess optional capital” from ICBC during the same period.

The Opposition New Democrats criticized the Liberals Wednesday for taking money from cash-strapped Crown corporations, which in turn raised the rates they charged taxpayers.

ICBC raised basic insurance rates by 4.9 per cent in November, and Hydro rates are set to go up 28 per cent over the next five years, adding hundreds of dollars to the annual bills of most British Columbians."

2016 article - ICBC rate hike 2016: What you need to know | Vancouver Sun (http://vancouversun.com/news/local-news/what-you-need-to-know-about-icbcs-coming-rate-hike)
"According to figures provided by ICBC, the corporation has transferred the projected amount of dividends to the government just once in the past five years.

In 2011, the projected transfer was $185 million, and the actual amount transferred was $101 million. The next year, the projected amount was $181 million but no money was transferred because government directed ICBC to transfer all of its 2012 excess optional capital to its basic account in order to help alleviate pressure on rates.

In 2013, ICBC transferred the projected amount of $237 million. The projection in 2014 was $200 million, but only $139 million was transferred. Last year, ICBC transferred $138 million, falling short of the projected amount of $160 million."

Our income tax rates are distributed within a curve depending on how much you make. While BC is lower than some provinces, when you graph the curves it is just lateral shifts in the tax curve. The actual rates are generally in line with other provinces. (BC might be slightly lower than some, but not ridiculously so). Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html#provincial

Our government is just fiscally irresponsible, as many are. They simply don't care to make an effort to ensure tax payers are getting the most for their dollars spent. The money flows into their departments free and clear every year, they don't have to work to earn that money, they just spend it willy nilly.

Whereas me as a business since I have to actually work to earn every penny for my business before I can spend anything, I am much more careful about how I spend.

Government is setup in such a way that it buttfucks you. Get used to it, or go join them, become a civil servant. That's what most people do. If you can't beat em join em.

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My insurance expires in early nov. if I renew now do I avoid the hike?

[twitchyzero]

give em a call...i'm pretty sure you can avoid it by renewing now