Pay as You Drive Auto Insurance

[TheNewGirl]

No sooner does one idea for ICBC die, another arrives.

http://www.theprovince.com/technolog...=Google+Reader

Pay-as-you-drive auto insurance touted...again


By Frank Luba, The Province May 17, 2011 Comments (8)



A new report commissioned by the Pacific Institute for Climate Solutions recommends pay-as-you-drive insurance be tested in a pilot project in B.C.

PAYD is also called distance-based, usage-based or per-kilometre insurance.

Instead of a flat insurance fee that is typically about $1,200 per vehicle in B.C. and allows unlimited mileage, PAYD gives drivers a rebate if they drive less than the average amount in their region but charges them more if they exceed that amount.

The idea is that vehicle owners get money back in their pockets if they drive less, which reduces pollution and congestion.

Driving less also results in fewer accidents and less claims — thus not affecting insurance company profits.

The Pacific Institute, which was created by the provincial government in 2008 for $94.5 million, is based at the University of Victoria but also includes the University of B.C., Simon Fraser University and the University of Northern B.C.

According to its mission statement, it was created “to better inform climate change policies and actions.”

As part of that work, the institute funded an investigation of pay-as-you-drive insurance in B.C. by Todd Litman of the Victoria Transport Policy Institute, which came to the recommendation to test PAYD.

The common and most controversial misconception about PAYD, according to Litman, is that it would place a greater financial burden on rural residents compared to their city cousins.

“Even though rural residents do drive their vehicles somewhat more than urban residents, only a rural resident that drove more than the average rural resident would pay more,” said Litman. “At least half of rural residents would have the opportunity to save money with this.”

Dr. Tom Pedersen, executive director of the Pacific Institute, thinks PAYD could be “one of many” tools to combat climate change.

“Frankly, we need to pull out all the stops here to get our carbon emissions down,” he said. “When I look at the scientific data, and I’ve been in the field for over 30 years, it’s very sobering.

“We have a big freight train coming down the tracks at us right now and we have to do our darndest to slow that train down,” said Pederson, who was formerly the Dean of Science at UVic.

He said the report was forwarded to the provincial government, specifically the Climate Action Secretariat.

Nobody from government responded to the request for an interview Tuesday. ICBC was unavailable for comment before press time.

fluba@theprovince.com

twitter.com/frankluba

Read more: http://www.theprovince.com/technolog...#ixzz1Mi2t9kze

[Berzerker]

Fuck You ICBC.

Berz out.

[dark0821]

agree with Berz....
thats like a low blow to us, who would drive just for the hell of driving.. no shit we would put on more miles/km on the odo than the avg driver

[hk20000]

ICBC is totally suggesting a shut-in lifestyle now aren't they?

On the plus side maybe you can insure your summer car all year round and pay exactly that - summer insurance.

[TheNewGirl]

Well on one hand it is fairer then some of the other systems proposed. If I spend 5 minutes in my car a day I am WAY less likely to be a problem then someone who spends 3 - 5 hours in their car.

On the other hand this screws over half the drivers on the road.

[mpr]

this actually is beneficial for people who has multiple vehicles and ppl who live very close to where they work and play (eg downtown)

[trollguy]

must be talking about yourself

[RE-Jo]

doesn't matter how much they drive, bad drivers will be bad drivers.

[melloman]

Agreed. This doesn't help anyone.
ICBC and the gov't should go to hell.

[gdoh]

what about the people who commute to vancouver every day =|

why instead of trying to forcefully take people off the road they should be working on improving the flow of traffic so people spend less time idling

doesnt it make sense to get people off the road quicker which should reduce the polution and make people a lot happier because they dont have to sit in traffic

[Wetordry]

they are just asking for more people to commit odometer fraud

[fsy82]

i dont mind this idea. i only put 11,000km per year on my car. i use it just for work and back and use our accord for the weekends.

[TheNewGirl]

Originally Posted by gdoh

what about the people who commute to vancouver every day =|

why instead of trying to forcefully take people off the road they should be working on improving the flow of traffic so people spend less time idling

doesnt it make sense to get people off the road quicker which should reduce the polution and make people a lot happier because they dont have to sit in traffic

Or improving Transit.

Lets get real here. While I know we all love our cars, the current culture around them is not sustainable. Enviromentaly or economically.

In the ideal world, we commute via transit to work and use our cars on the evenings and weekends.

[TRDood]

It makes sense. A vehicle that is exposed to the road 100,000km a year have higher risk than 100km a year. Not saying that insurance should be 100% based on that factor, but it's reasonable.

I don't see how this can be implemented anytime soon though.

[gdoh]

Originally Posted by TheNewGirl

Or improving Transit.

Lets get real here. While I know we all love our cars, the current culture around them is not sustainable. Enviromentaly or economically.

In the ideal world, we commute via transit to work and use our cars on the evenings and weekends.

transit is such a pain in the ass i would have to be on the skytrain at 5am to get to work and worry about some asshole breaking into my car all day and if i had to go somewhere after work i would have to come go back and get my car and cross the bridge again =| not every1 likes to transit and deal with all the rude people.. what happens when you are running late you miss the bus and have to wait an extra 30+ mins. im sorry but i would rather use my car.

i dont see why we cant have better roads for better flow. instead they put these huge fuckin bike lanes in and take out a lane then complain about theres to much pollution because people are sitting traffic to long

[Teh Doucher]

although this doesn't affect me personally because i only drive about 10km a day, back and forth to work, it does affect thousands of people who need to commute. my cousin for instance drives almost 50k a year, this will fuck him royally.

fuck im so sick and tired of getting fucked by all these big businesses, enough is enough.

[TheNewGirl]

Originally Posted by Teh Doucher

although this doesn't affect me personally because i only drive about 10km a day, back and forth to work, it does affect thousands of people who need to commute. my cousin for instance drives almost 50k a year, this will fuck him royally.

fuck im so sick and tired of getting fucked by all these big businesses, enough is enough.

But you're probably sick of the current system.

So what alternative WOULD satisfy you?

[gdoh]

you know why cant they just leave shit how it is instead of bring new in new ways to see how far they can ram up your ass.

[Nanaki]

I know in a perfect world we'll all bus and trees will grow out of everything but lets be real here.

There are far too many people with longer distances to travel. They have no option to cut down the distance. I know many people who moved further from vancouver because they can't afford housing and have to commute to fit their budget.

The population is always increasing and eventually we will need bigger roads, bridges, tunnels or what have you.

water flows where there is least resistance.

Make traffic flow easier! Car companies are making lower and lower emmission vehicles. We're trying to keep things green right? Face the facts, eventually years and years from now petrol will be obsolete in vehicles. km's will have little effect on a renewable resource (solar / electric).

Bad drivers effect premiums, but why make them better when more accidents = more money right?

[FerrariEnzo]

haha WHO the fuck comes up with ideas should get fired...

[TheNewGirl]

Originally Posted by gdoh

you know why cant they just leave shit how it is instead of bring new in new ways to see how far they can ram up your ass.

Because people are bitching about the current system too.

[gdoh]

there is always going to be some1 bitching about something because they can they would rather have it work for them personally and just fuck every1 else, instead of thinking about society, its always about the one self centered persons who fuck shit up and it starts all the way from the top

[Nlkko]

So they finally figured out their bike lanes weren't that great.

British Columbia, where tree hugging happens.

[77civic1200]

Originally Posted by Wetordry

they are just asking for more people to commit odometer fraud

Works for me! one 10mm bolt and i'm never putting mileage on my car ever again

[NNT]

This would benefit those drives exotic, like the one only puts 5000 km on their Lambo or Ferrari per year