09-17-2019, 12:25 AM | #1 |
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ICBC is full of sh*t
Everyone in BC says the same thing because ICBC is the only insurance company here that charges outrageous prices for car insurance.
I have a prefect driving record, no crashes, no violations of any kind, not even a parking ticket. And I am paying over 5 thousand dollars for insurance per year for my M2. And don't get me started on gas prices that is more expensive than California, at one point I was paying 2 dollars for one litre of gas. For what it's worth, someone have told me that a Lamborghini Huracan, a car that costs almost 4 times as much as my M2, only costs 2500 USD a year to insure in California. |
09-17-2019, 07:36 AM | #3 | |
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09-17-2019, 11:47 AM | #4 |
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No, ICBC is playing monopoly here, it is owned by Province of British Columbia and I believe there is a law not allowing any other insurance companies here. In Ontario you have three insurance companies to choose from, right?
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09-17-2019, 11:49 AM | #5 |
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5k for m2 is insane
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09-17-2019, 11:51 AM | #6 |
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The discount is already applied to my insurance rate, it is showing on my insurance papers. But there is no discount for optional insurance like third-party or collision unless you drive less than 5000 km a year, it calculates based on your vehicle's purchase price.
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09-17-2019, 12:07 PM | #7 |
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09-17-2019, 02:00 PM | #8 |
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You could always move...I did and while California and their liberal tendancies are pretty bad, it's no where near as bad as the socialist nature of Canada. The health care is far better down here as well imo and less tax to boot.
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09-17-2019, 05:18 PM | #9 | |
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Unfortunately it's not that easy to move if you're heavily invested in the community and have family around. OP, can't believe BC setup a monopoly like that. Already we pay high taxes in Canada, the least Gov't could do is introduce competition to reduce cost of expenses such as vehicle insurance, cellular data etc. |
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09-17-2019, 06:27 PM | #10 |
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Moving is not an option... I love Vancouver. Name another city in North America where it is -5 degrees in winter and +30 degrees in summer, where the city centre is right beside mountains, forests with twisty roads and beaches and the ocean while still being the second biggest city in the country. There is a reason why in 2019, Vancouver ranked number 3 in the world for quality of life, right behind Vienna and Zurich.
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09-17-2019, 06:37 PM | #11 | |
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09-17-2019, 07:28 PM | #12 |
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The only unique thing California has is 20 hours of rush hour every day and 2 days of rain every year. If California is so nice why isn't LA even in the top 10 of the ranking?
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09-17-2019, 07:57 PM | #13 |
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09-17-2019, 08:07 PM | #14 |
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09-17-2019, 08:08 PM | #15 | |
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09-18-2019, 03:54 PM | #16 | |
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Max 43% discount $500/$500 deductible $2500/year is still high imo. My m3 was cheaper |
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09-19-2019, 10:13 AM | #17 |
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I'm sorry that's not adding up. I'm in BC as well and I also have an M2 and with full discount and 3M liability and 1M underinsured Motorist protection I pay 2100.
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09-19-2019, 12:45 PM | #18 |
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$5K per year is ridiculous...I'm paying $3K for my 2019 M2C, my wife's 2019 GLC and our daily 2016 Civic combined. AND I have a crash and a ticket on file.
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09-19-2019, 06:27 PM | #19 |
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The discount only applies to the base rate, optional insurance prices do not have discounts. Which agency did you buy your insurance from if you don't mind me asking.
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09-19-2019, 06:30 PM | #20 |
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Im sorry but that is what I am paying, you can believe it or not believe it. I don't know how you are paying only $2100 as my $300 deductible collision insurance option costs $2000. Do you mind telling me where you got your insurance from?
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09-19-2019, 09:29 PM | #21 | |
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Drives: 2018 M2 LCI
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Best of luck! |
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09-19-2019, 10:14 PM | #22 | |
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