ICBC raising insurance for speeders

[dai3yuen]

According to the Vancouver Sun article, someone from ICBC stated that good drivers will see a reduction in premiums by about 10%.

Also, the amount of extra money from the bad drivers they will be getting offsets the money that they are not receiving from the good drivers...at least that's what I read into it.

http://www.vancouversun.com/business...128/story.html

However, Cindy Brown, ICBC vice-president of communications, said later the average saving for someone with a clean record would be about 10 per cent.

She also said ICBC will collect the same amount of money under the new program, with the savings for some drivers matching the increases for others.

ICBC is still deciding what offences would spark an increase in premiums, but Schubert said non-driving-related infractions like a broken tail light are not expected to be included.

Don't forget that this is not written in stone yet. This still has to get past the BCUC (BC Utilities Commission) who regulate the rates that ICBC sets. (Then again, the BCUC is pretty much Govt appointed...*sigh*)

Apparently the Govt doesn't know what's going on at ICBC as the Solicitor-General is now 'expressing concern'....

http://www.vancouversun.com/business...613/story.html

[Timpo]

ok, we all know this...this is nothing but another cash grab for ICBC

I do not have a problem with insurance premiums for actual high risk drivers, such as....drinking and driving, wreckless driving, street racing, multiple violations, accidents or excessive speeding, and so on.

However, we all know what ICBC is doing is just plain stupid and needs to be stop.

getting 1 speeding ticket is nothing...it doesn't make him/her a high risk driver...a lot of officers would give out speeding ticket if you're going 60km/h in 50 zone.

I'm not saying going a little over the speed limit is okay or anything, however, the person who got a speeding ticket is already being penalized by the violation ticket and it will stay on the driving record...why would he/she needs another 3 years of insurance premium for going 60km/h in 50km/h zone?

[porsche77]

Originally Posted by Vancouver Sun
“We realized to be a successful insurance company, we have to be money-focused and money-based,” said Jan Vrem.

“We’re modernizing our company to milk as much money out of our customers as possible based on the paycheques we have to pay our senior management team each month.”
-Quoted by RevRAv


i like it, its exactly what they do! i'm sick and tired of ICBC!! Insurance is a huge scam on its own, and then add ICBC to top it off!!

[Marco911]

ICBC is applying this rule retroactively. That means if you get a speeding ticket within the 3 year time frame before the regulation comes into effect, they will penalize you with higher rates. Is that even legal?

[Timpo]

yeah they should just be honest and tell people they're only interested in making money...

what really bugs me is that they always try to lie and explain stuff as if they actually care about traffic safety or something...it's just hypocrite and BS.

[quasi]

Originally Posted by Marco911

ICBC is applying this rule retroactively. That means if you get a speeding ticket within the 3 year time frame before the regulation comes into effect, they will penalize you with higher rates. Is that even legal?

They did the samething when they changed the way discounts were done years back. I think it falls under they can do whatever they want and if you don't like it.......oh wait there is no competition, deal with it.

[Timpo]

so who made this decision that ICBC can dominate the car insurance market in BC?

[quasi]

Originally Posted by Timpo

so who made this decision that ICBC can dominate the car insurance market in BC?

The provincial Govt. when they brought it in and made it a Prov. Crown corporation. The idea behind it isn't terrible, the execution and having a monopoly on basic insurance can be problem though. Competition is good, without it you can pretty much do whatever you want especially when you're esentially an arm of the Government.

[hk20000]

Well, it's useless to whine and bitch. Time for a radar detector/jammer groupbuy.

[originalhypa]

Originally Posted by hk20000

Well, it's useless to whine and bitch. Time for a radar detector/jammer groupbuy.

What do you recommend?
Valentine 1, STi Driver, 9500ix, or the RX65?

Jammers are getting a bit crazy. But I'm not against buying a $500 detector now, since the cost of the fines are outweighing the cost of a detector immensely.

[freakshow]

Originally Posted by originalhypa

What do you recommend?
Valentine 1, STi Driver, 9500ix, or the RX65?

Jammers are getting a bit crazy. But I'm not against buying a $500 detector now, since the cost of the fines are outweighing the cost of a detector immensely.

I did a little bit of research on this, seems to be really split between the V1 and 9500ix. I'm probably gonna pick up a 9500ix soon based on it's ability to mark known spots for false-positives.
The V1 provides the directional arrows, but I read that: a) when you hear it chirp, you slow down regardless, and b) if it gives more false-positives than the 9500ix, you'll trust it less anyways.

[DHP 1]

^


Im on the hunt for a decent radar detector too as well, however i narrowed it down to passport 9500ix or redline. V1 IMO is useless, it doesnt have the furthest range like redline, the arrows are overated .

I contacted passport today, apparently 9500ix detects roughly 2 miles away. While redline is slightly newer detects 3 miles away. However these are given under a perfect world when they did these test.

here are some test results

http://www.speedzones.com/Site_6/radar_reception.html


IMO if you do a lot of city driving mix with hwy, get the passport 9500ix.


IF you travel on hwy most of the time get the redline since it has the furthest range.


However having said that, our city is NOT that big, unlike LA/NY. Therefore IMO i suggest get the 9500ix if you dont want your radar detector triping every couple seconds due to automatic doors

[originalhypa]

The 9500ix is a nice unit, but at the last Ferrari/Lambo meet, most of the guys there ran the V1. The arrows do help in a situation where the bogey could be coming from multiple directions. That said, the patent on the arrows must be running out soon.

Fuckit, I just ordered a 9500ix.
Yay me!

[DHP 1]

Did you consider the redline?


well, i guess its too late now since you ordered the 9500ix

[TRDood]

Here's some things that the public doesn't understand.

This new proposal should only apply to basic insurance. (your $800-$1000 a year) Yes, ICBC is a monopoly in this department but optional insurance is a competitive market. You can buy optional insurance through other companies.

However, people always combine/think that the only place to buy insurance is from ICBC, not true.

Now with this proposal thing in place, just think about the consequences of speeding. The penalties have just got heavier. I hope this model doesn't apply to window tinting, lower cars, exhausts, etc.

Now thinking about it, I can just speed all the fuck I want in the states, ICBC has no jurisdiction there.

[Mancini]

Originally Posted by porsche77

i like it, its exactly what they do! i'm sick and tired of ICBC!! Insurance is a huge scam on its own, and then add ICBC to top it off!!

Then all you need to buy from ICBC is the minimum $200,000 compulsory coverage. It's relatively inexpensive. No extra 3rd party liability, no collision coverage, no comprehensive.

And yet, if you own a car, I'd be willing to bet that you purchase more than the compulsory coverage. And if you own property I'd also be willing to bet that you insure that, too.

I don't have a problem with people disliking ICBC or, as in your case, disliking insurance entirely. Fair enough. But typically, people with this opinion hypocritically carry as much insurance coverage as everyone else. Hopefully, you're different.

[TheNewGirl]

You can also, if you have a good driving record, get your compulsory coverage from ICBC and go to a private insurer for all your further coverage.

I know we bitch about ICBC a lot but it IS better than a lot of the alternatives.

[quasi]

Originally Posted by TheNewGirl

You can also, if you have a good driving record, get your compulsory coverage from ICBC and go to a private insurer for all your further coverage.

I know we bitch about ICBC a lot but it IS better than a lot of the alternatives.

No doubt for a motorcycle I save over 30% and the bike is insured through the winter for fire and theft which I'd normally have to pay extra for.

[falcon]

Originally Posted by freakshow

^ Additionally, there isn't much talk about how much of a reduction a safe driver will see. It wouldn't make me much happier if the penalties for dangerous drivers increased, and the benefit for safe drivers stayed the same, or improved by some negligible amount.

That's because it's still in the early stages. Realistically, this won't be implemented for at least 1-2 years.

[Timpo]

Originally Posted by TheNewGirl

You can also, if you have a good driving record, get your compulsory coverage from ICBC and go to a private insurer for all your further coverage.

I know we bitch about ICBC a lot but it IS better than a lot of the alternatives.

if ICBC really is better deal than other insurance out there, then BC should just allow private companies to enter BC markert, because customers would just keep buying ICBC if they're actually better.

[GG]

just ordered my 9500ix

woot

[TheNewGirl]

Originally Posted by Timpo

if ICBC really is better deal than other insurance out there, then BC should just allow private companies to enter BC markert, because customers would just keep buying ICBC if they're actually better.

You haven't been in provinces where you have private insurance though have you?

For example, I'm a less experienced driver (I only got my license 5 years ago), but on grounds of me being female and 30-35, I would probably pay substancially less (15-20%) on a private system than most of you guys who have had yours for 10 years but are still in your 20s.

Legalized discrimination. Isn't it fun?

As many people have stated though you can buy only your most basic from ICBC and get the rest privately, this is a very viable and widely available option. If you hate ICBC so much why aren't you doing that?

[melloman]

Private insurance is WAY better for people who are considered "good drivers"..

Lets compare our insurance to the US.. shall we?

http://forums.vwvortex.com/showthrea...-guys-have-pay

And from that thread, don't forget everybodies driving a B5 A4.. ICBC considers a 2001 Audi B5 A4 Quattro, a "high quality, luxury sedan* which makes my rates go through the damn roof. You can see my post there about how much I pay..

[TheNewGirl]

Insurance coverage is different in the states because legal options are different in the states. If you hit some lady and she gets whip lash she can sue you instead of the insurance company, and personal liability limits are way lower while personal law suits are way higher.

Melloman, you should ask them what their liability covers? Also note, a lot of these people seem to ONLY be paying Liability, not collision, theft or comprehensive.

Like if you look at the posted chart, it's caped at 50K personal injury and 10K damage per accident... meaning if there was more then that (and in many cases there is) it would come out of your pocket. Most of us with ICBC are walking around with like 200K - 3 million dollar liability coverage on the other hand.

[originalhypa]

Originally Posted by DHP 1

Did you consider the redline?


well, i guess its too late now since you ordered the 9500ix

I did consider the Redline, as my brother had that one. It's a nice unit, and uber sensitive, but his speaker failed in the first two weeks, and that soured me a bit.

They refused to ship my 9500ix across the border, as it's a restricted zone. So it's really not too late.