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Thread: Insurance for someone in BC?

  1. #1
    Join Date
    Apr 2011
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    Default Insurance for someone in BC?

    Are you able to offer insurance for motorists in British Columbia?

  2. #2
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    Sep 2006
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    4,143

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    Quote Originally Posted by JugZ View Post
    Are you able to offer insurance for motorists in British Columbia?
    Nope. BC = ICBC.

  3. #3
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    Apr 2011
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    Quote Originally Posted by QPDO View Post
    Nope. BC = ICBC.
    Right, but my friend just got "declined" for all his exotic cars from the place that's been insuring him for decades, so I'm thinking their system must've graduated to a bare min = ICBC but the rest is up to the consumer.

  4. #4
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    Sep 2011
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    Alberta
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    Note B.C. government will no longer insure luxury cars to help eliminate pressures on basic insurance rates.

    See article below.
    http://www.canadianunderwriter.ca/in...es-1004104464/

    Ask your friend to check other agents around town.
    Most brokers or agents can only insure people in the same province due to different licensing and insurance regulations for each province.
    2GR-FE from Hethel, 14 W246, 13 W251, 06 NC, 02 aerio sx

    http://www.1upinsurance.com/

    Super low rates for good drivers! Your Alberta Auto, Home, Business and Travel Insurance Broker

  5. #5
    Join Date
    Nov 2007
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    18,824

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    That sounds ridiculous.

    I can't have a nice car because of poor people?

    There are only 3000 luxury cars in BC. Only 2000 in previous years. Are *ALL* of them getting in accidents?

    Average repair cost for luxury car is $13,000

    Average repair cost for "pleb" car is $2,500


    So you can repair 5 normal cars for the price of 1 luxury car.


    I'm still willing to bet that only a very small percentage of Ferrari's are getting in accidents. I'd like to see the numbers, how many LUXURY cars crashed, and how many NORMAL cars crashed?


    It's probably something like 1000 normal car repairs for every 1 exotic.
    Quote Originally Posted by LOLJDM View Post
    Rob with an awesome post as always.

  6. #6
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    Feb 2008
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    SW edmonton
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    93000 is the highest cost to repair a car they had in the province? wtf........ that sounds rather low for the entire province. surely someone with an expensive car gets into a moderate accident at some point, because 90g is really nothing on a supercar or high end car, especially now where they've discovered 'commonly damaged part must be serviced with hugely expensive part replacement as you can only get cheap commonly damaged part by buying hugely expensive never damaged part (case and point, steering racks. 5 figures to buy a steering rack for an aston martin to get a $50 tie rod end you can not buy separately (we bought a used rack from a salvage yard in germany to solve that bullshit problem)'.

    the highest estimate i've written on a car that was still fixable was just under 70g, and that was a merc. Same accident on a toyota corolla would probably have been 5g.

    the highest estimate I wrote on something written off was just over 100k, and that was only a merc too.

    a light tap on a ferarri that was basically a bumper job ended up costing 30,000.

    a viper that was rear ended that 9/10 people on here probably would say had no damage ended up costing over 30g

    same with a lotus that was rear ended, ended up over 30g for a light tap.

    Those aren't even that expensive of cars..... all were under 150k new.

    The thing about very expensive cars is, they never get driven. Ever. It's common to have a 10 year old ferrari with 10000km on it. These things are babied also, and it's extremely rare for them to get into accidents. Most of the work done to them is fixing rock chips and scraping from speed bumps in parking lots, which is always outside of insurance.


    The other thing about high end cars is they have $5000 deductibles, so at fault claims on them that are cheap are very rare. The risk assessment on insuring something high end is actually pretty low, and that is why they are actually fairly cheap to insure in alberta. Last time I checked a 911 was cheaper to insure than a diesel ram.

    Basically, ICBC could have solved this another way, and it sounds more like socialist grandstanding to make themselves look like the good guys.
    Last edited by zhao; March 15th, 2017 at 09:19 PM.

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