Quote:
Originally Posted by mr_lab_rat
Some of the confusion in this thread comes from the new ICBC rules that came into the effect September 1st.
If you renewed your insurance before that you are still paying the old rates (most likely between 2k and 2.5k).
OP likely just renewed in September, has clean but probably not very long driving record, and low deductibles.
I'll be renewing mine in November so I'll update. Currently paying 2500 - 43% discount, 3mil, 500/300
If the ICBC quote comes too high for the collision and comprehensive I'll look into private.
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Quote:
Originally Posted by BJM2018
Yes everyone must take basic insurance from ICBC, thank you dave barett and the NDP government of the day. However if you have a clean driving record there is better choice for optional coverage (collision comprehensive etc) at a cheaper price, from BCAA or Belair Direct etc so shop around, I did and saved alot...and belair reviews your record every 6 months and if clean the cost down!
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My insane insurance rate was before the changes to ICBC on September 1st. I purchased it through my dealership which I believe was the problem. Seeing the information provided by you guys, I asked for some quotes in the past couple days from different brokers and found out that the correct price should be around $3500 for my discount and options. And according to the people I spoke with, ICBC has the cheapest optional insurance because they can transfer the losses to the basic insurance while the private companies cannot.