Jump to content

      












Photo

The ICBC thread


  • Please log in to reply
786 replies to this topic

#741 sebberry

sebberry

    Resident Housekeeper

  • Moderator
  • 19,920 posts
  • LocationVictoria

Posted 03 February 2021 - 09:07 AM

well whoever put out the icbc "dumpster fire" from just a year or two ago should be assigned to other files.  unless it's david eby.

 

End of March and Eby will have his next dumpster fire out, right?


  • Victoria Watcher likes this

Victoria current weather by neighbourhood: Victoria school-based weather station network

Victoria webcams: Big Wave Dave Webcams

 


#742 sebberry

sebberry

    Resident Housekeeper

  • Moderator
  • 19,920 posts
  • LocationVictoria

Posted 03 February 2021 - 09:09 AM

do you think the resistance to "mileage based" insurance is because people will think its very high?  because it might surprise some people how expensive it is per km driven.

 

but surely that is a good system.  if you car is not on the road it should not cost much to insure it sitting in your driveway.  yes some will try to game that system as always happens.

 

but a guy might buy 3 vehicles if he could insure by km driven.  or a motorcycle and RV too.  that would be good for the economy.

 

Where am I going to put 3 vehicles?  If you're going to go mileage based, why not skill based?  Pass an annual test and get a reduction.  Route based?  Drive on lower risk roads through lower risk intersections and get a discount.  Mileage isn't an indicator of risk.  Look at the million mile UPS drivers who get awarded for their crash free history.  


Victoria current weather by neighbourhood: Victoria school-based weather station network

Victoria webcams: Big Wave Dave Webcams

 


#743 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 23,751 posts

Posted 03 February 2021 - 09:15 AM

that's true.  of course in a perfect world auto insurance would be completely optional.  just like other insurance is.



#744 Mike K.

Mike K.
  • Administrator
  • 63,938 posts

Posted 03 February 2021 - 09:18 AM

do you think the resistance to "mileage based" insurance is because people will think its very high? because it might surprise some people how expensive it is per km driven.

but surely that is a good system. if you car is not on the road it should not cost much to insure it sitting in your driveway. yes some will try to game that system as always happens.

but a guy might buy 3 vehicles if he could insure by km driven. or a motorcycle and RV too. that would be good for the economy.


They offer a small discount if you drive 5,000 Km or less.

Which is absurd. What they should allow is insurance based on the motorist, not the vehicle. Charge a base rate for an additional vehicle but if you have two cars, only in your name, you can’t be driving them at the same time. Obviously, right?
  • sebberry likes this

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#745 Fox

Fox
  • Member
  • 49 posts

Posted 03 February 2021 - 09:53 AM

I would love to be able to insure multiple cars at a lower rate.  Instead I get to insure in three month blocks to rotate through.


  • Victoria Watcher likes this

#746 vortoozo

vortoozo
  • Member
  • 1,069 posts

Posted 03 February 2021 - 10:21 AM

I also think Vancouver islanders should have a different rate category. This is not the lower mainland, but we’re paying for atrocious driving habits created and fostered on the mainland. And we don’t have snow. Winter weather is a huge contributor to insurance claims.

 

It's not a different rate category, but where you live definitely goes into the cost calculation for your insurance. Based on claims history, etc. I think it's as granular as your postal code.



#747 vortoozo

vortoozo
  • Member
  • 1,069 posts

Posted 03 February 2021 - 10:28 AM

They offer a small discount if you drive 5,000 Km or less.

Which is absurd. What they should allow is insurance based on the motorist, not the vehicle. Charge a base rate for an additional vehicle but if you have two cars, only in your name, you can’t be driving them at the same time. Obviously, right?

 

The discount for driving <5000km is relatively new. 

Why would it be based on the motorist? If you have 3 cars and they each are rarely on the road, then all 3 cars would be less likely to be in a collision than that 20,000 km person.

Or if you have 3 cars and one is your daily driver but the other two only come out occasionally, then it makes sense that the daily driver is at higher risk.

It's not perfect, but it's a start. Previously you would pay the same price whether you drove the vehicle 1000km a year or 20,000km.

It's hard to justify complaining about new discounts since the alternative would likely be no discount at all.



#748 Mike K.

Mike K.
  • Administrator
  • 63,938 posts

Posted 03 February 2021 - 12:54 PM

It's not a different rate category, but where you live definitely goes into the cost calculation for your insurance. Based on claims history, etc. I think it's as granular as your postal code.

 

It's pennies on the dollar. The insurance rate for Victoria vs Vancouver vs Sooke vs Tofino is a few bucks per month.

 

The discount for driving <5000km is relatively new. 

Why would it be based on the motorist? If you have 3 cars and they each are rarely on the road, then all 3 cars would be less likely to be in a collision than that 20,000 km person.

Or if you have 3 cars and one is your daily driver but the other two only come out occasionally, then it makes sense that the daily driver is at higher risk.

It's not perfect, but it's a start. Previously you would pay the same price whether you drove the vehicle 1000km a year or 20,000km.

It's hard to justify complaining about new discounts since the alternative would likely be no discount at all.

 

The alternative is paying $250/year, like my friends do in Nova Scotia.

 

It would be based on the motorist, because it's not the vehicle that causes the accident, it's the driver. If a driver has 10 vehicles, each one costing $1,200/year to insure, they are no more or no less of being at-risk of an accident than someone paying $1,200/year for one vehicle.

 

The 5,000km limit discount is 10%. It's a joke.


  • Dr. Barillas likes this

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#749 m3m

m3m
  • Member
  • 842 posts

Posted 03 February 2021 - 01:33 PM

What they should allow is insurance based on the motorist, not the vehicle. 

 

They'll never do this because icbc claims can arise for reasons outside of driving the vehicle. 



#750 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 23,751 posts

Posted 03 February 2021 - 01:38 PM

They'll never do this because icbc claims can arise for reasons outside of driving the vehicle. 

 

not very serious or common ones.

 

you mean a car starting on fire parked alone in a parking lot?  or brakes releasing and it running downhill?  rare.  


Edited by Victoria Watcher, 03 February 2021 - 01:39 PM.

  • m3m likes this

#751 Mike K.

Mike K.
  • Administrator
  • 63,938 posts

Posted 03 February 2021 - 03:09 PM

ICBC already offers insurance for parked vehicles.

Have two or more cars? $100 more per year, per car, if in the same category. It shouldn’t be as goofy as it currently is where you’re paying for each vehicle as thought it’s your only ride.
  • m3m and Victoria Watcher like this

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#752 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 23,751 posts

Posted 03 February 2021 - 03:13 PM

ICBC already offers insurance for parked vehicles.

 

and it's cheap.  reflecting the very low risk of parked cars.



#753 Mike K.

Mike K.
  • Administrator
  • 63,938 posts

Posted 03 February 2021 - 03:27 PM

Yeah, it’s a couple of bucks per month.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#754 FogPub

FogPub
  • Member
  • 630 posts
  • LocationVictoria

Posted 04 February 2021 - 12:36 AM

not very serious or common ones.

 

you mean a car starting on fire parked alone in a parking lot?  or brakes releasing and it running downhill?  rare.  

Far more common while parked in your home spot are being hit - particularly for those who live in condos or apartments with shared parking - or vandalized or broken into.  Less common, but not unheard of, are weather-related claims e.g. a tree falling on a parked car or - occasionally in the interior - hail.

 

Parked cars can still generate claims. :)



#755 Mike K.

Mike K.
  • Administrator
  • 63,938 posts

Posted 04 February 2021 - 06:30 AM

That insurance is a little more specific. The vehicle can’t be parked where it’ll be hit by the public, so if it’s in a condo garage you must have it fully insured.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#756 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 23,751 posts

Posted 04 February 2021 - 06:32 AM

 

 

Parked cars can still generate claims. :)

 

they do.  but they are a very small portion of the annual claims total.  damage is often slight (compared to road collisions) and there are no injuries usually.


Edited by Victoria Watcher, 04 February 2021 - 06:32 AM.


#757 Mike K.

Mike K.
  • Administrator
  • 63,938 posts

Posted 04 March 2021 - 07:24 AM

A key tenet of the government’s ICBC reforms was struck down by the courts, threatening to erase the $390 million in savings projected for the Insurance Corp. of B.C. as a result of moving minor claims from the courts to a civil resolution tribunal. Despite the defeat, Attorney-General David Eby insists the province’s no-fault auto insurance system is on solid ground.

B.C. Supreme Court Chief Justice Christopher Hinkson ruled on Tuesday that the government’s move to prevent minor injury claims from being litigated in court, instead diverting them to a civil resolution tribunal, is unconstitutional. His ruling struck down sections of the Civil Resolution Tribunal Act, which means the tribunal can no longer adjudicate minor injury claims under $50,000 or settle disputes around the definition of minor injury.

https://vancouversun...nconstitutional

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#758 spanky123

spanky123
  • Member
  • 16,638 posts

Posted 04 March 2021 - 07:53 AM

^ Better cash your rebates cheques quickly!


  • Mike K., Matt R. and Victoria Watcher like this

#759 sebberry

sebberry

    Resident Housekeeper

  • Moderator
  • 19,920 posts
  • LocationVictoria

Posted 04 March 2021 - 08:15 AM

On the list of things to figure out before you build your financial plan around it...


  • spanky123 and Victoria Watcher like this

Victoria current weather by neighbourhood: Victoria school-based weather station network

Victoria webcams: Big Wave Dave Webcams

 


#760 spanky123

spanky123
  • Member
  • 16,638 posts

Posted 04 March 2021 - 09:25 AM

On the list of things to figure out before you build your financial plan around it...

 

I bet they still blame the Liberals for the huge shortfall this year at ICBC!


  • Victoria Watcher likes this

You're not quite at the end of this discussion topic!

Use the page links at the lower-left to go to the next page to read additional posts.
 



0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users