depends...i know people in BC paying significantly more and significantly less than an open market like alberta.

My s2000 is only about $1400yr but i put <10,000km/yr and have a higher deductible which makes my payment quite low monthly.

however, i know people here paying $4000yr for normal driving on a s2k without many demerits on their record.

 

Glancing through today's newspaper, I found this.

http://www.canada.com/theprovince/news/dri...11-c8cbc411170a

 

Just look at the general census for population so forth. An average house hold has 4.5 people, 2 adults ( today that can mean a wife and husband, husband and husband ahha but for todays leson, well stick with the classic) 1 Son and 1 Daughter. Well say Dad is driving a Family sedan, moms got the Soccor van and the son has a old muscle car while the daughter has a convertible v bub.

A: Dad and Mom are probably Roadstars

b: The son, probably is rocking a N

c: Daughter is also rocking a green N but hers is modified to look like a Z with a bit of green around the N still.


What im getting at, out of 4 people in a family, MOM and DAD are not likley to speed, however the un experienced youths aka SON and Daughter will be driving with freinds, listening to the latest Justin CD with her girlfreinds with the top down and putting on lipstick at the same time. The son has just slaped on some magnaflows to getting some extra ponies out of his carbed american musle, while pounding his 12 inch subs going alittle fast then he should be passing school zones.

I am all for keeping the streets safe as the next guy but when its these high rates that ICBC are imposing, that is alot of money. The graduated program is the best thing icbc has came out with!

I understand that Insurance companies are businesses as well. However they are running a crown corporation like its their own private company! They the share holders being the citizens who are paying the bill for the company to opporate ARE NOT SEEING THEIR RETURN ON THEIR INVESTED DOLLARS.!

ICBC is a INSURANCE COMPANY Paid for by the people! They are not a Wall street fortune 500 company that has a portfolio for making investments in anything else with their money beside to cover their cost of operating and so forth. If they are exceeding their own quartley projections each year with huge surplus of money, does that not say they are CHARGING BC citizens TOOO much??

If GST was put in place a few decades ago by Mulroony to pay off our countrys debt but at the end was a cash cow for the gov where they were making millions in surplus, would the oposition NOT impose a re-evaluation of what the Taxes are paying and ajust or calibrate them accordingly???


Im going off topic but you know what im getting at. I dont care about speeding, if i speed and get caught, i pay the price. But LOWER THE GAWD DAYM RATES where they are Equal with other provinces. Insurance payments shouldnt equal some peoples car payments!!!

 

ahaha, that should be the son.

 

I would be that fool. It's at times where there are the fewest cars on the road where cars like our S2k must look the most foolish to not attract attention.

I've thought about it also that by doing the speed limit, it still looks shady and I might get pulled over, but better to get pulled over for somthing else than speeding I suppose...

 

^So you drive at 50km/h all the time when there are no other cars around..? I didn't know anyone on earth would be able to do that.

 

I think they only drive 50 km/h when they are in front of me.

 

3 suspensions and $$$ in fines have taught me the value of doing the speed limit when there are no other cars around

 

MR2S2k,

ICBC does have an investment portfolio and its worth over 7 billion dollars. You know that big tower that's part of the Central City complex in Surrey? They own it outright. As with most insurance companies, ICBC's expense ratio is about 0.9 which means they pay out 90% of the premiums they collect towards claimants. The rest goes towards the operating costs of the company but does not cover them all. The company actually operates with a loss before interest income from that $7 billion portfolio is taken into account. This is how ALL insurance companies operate, public or private, american or canadian. I know this because I used to work there for 2 years. It's the nature of the biz.

And by the way, for all the negative comments and such, they're really not as smart or conniving as you think. It's mostly just lifetime government workers who come in day after day, year after year and collect their union paycheck. They're not out to get you, that takes lots of time and energy and smarts. They just want to show up, work 35 hours a week, go home and then go on their 8 weeks worth of annual vacation. That's really all there is to it.