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BS?! Don't tell me a private insurance company can cancel your insurance after finding out I took my car out to the track?! When I am at the track, I already know 1000% that nothing will be covered by the insurance company.
If anything, an insurance company should REDUCE my car insurance when I participate in formal / sanctioned motorsports activities. I'm a safer driver precisely because I know street =\= track.
I am kind of wondering what my rates are going to do when I move back. I am paying about 2200 a year right now for 2 cars.
...
As crappy as it is to have to pay a few hundred bucks more a year for ICBC, at least you can actually claim stuff.
It's not a few hundred dollars difference. Assuming you get a full -43% discount, and depending on where you live and your two vehicles, I'd still say you are probably looking at 4k a year to insure both vehicles.
So that's $1800 a year difference.
I do agree with you though, there are benefits to ICBC. In fact I give them a lot of praise for a lot of things they do on the insurance side of things.
I'm more so concerned about the licensing and management side of things where I continuously see people on the road who are in no condition to do so. Or have no idea the rules of our roads.
Originally posted by v.b. can we stop, my pussy hurts... Originally posted by asian_XL fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol Originally posted by Fei-Ji haha i can taste the cum in my mouth Originally posted by FastAnna when I was 13 I wanted to be a video hoe so bad
BS?! Don't tell me a private insurance company can cancel your insurance after finding out I took my car out to the track?! When I am at the track, I already know 1000% that nothing will be covered by the insurance company.
If anything, an insurance company should REDUCE my car insurance when I participate in formal / sanctioned motorsports activities. I'm a safer driver precisely because I know street =\= track.
They can and they will, it's happened out east as well as in Oregon recently to some people who brought one of their vehicles to a RallyX event. Not only did the insurance company cancel the policy on the vehicle used in the event, they cancelled all of their insurance for all of their vehicles.
Now obviously not all private insurance companies are like this, but personally I'll take the minor inconveniences of ICBC to know that I've got proper insurance that isn't going to disappear on the whim of some company.
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed]
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Originally Posted by maksimizer
half those dudes are hotter than ,my GF.
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Originally Posted by RevYouUp
reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z
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Originally Posted by Good_KarMa
OH thank god. I thought u had sex with my wife. :cry:
I was reading an article a few months ago about the BC Gov and ICBC. Over the last 6 years, the liberals have taken over $1 billion from ICBC (I think close to 1.2 billion). If that money isn't being taken out of ICBC, our rates don't go up. BC has one of the lowest income tax rates in Canada but the government just makes it back other ways such as taking it out of BC hydro and ICBC which in turn comes out of our pockets.
"The Liberal government is grabbing more than $1.7 billion in revenue from the Insurance Corp. of B.C. and BC Hydro over the next three years, on the heels of rate hikes at both Crown corporations.
Tuesday’s 2014-15 provincial budget predicted $8.9 billion in net income by 2016-17 from Crown corporations to help the Liberal government balance its books.
That includes $1.23 billion in dividends from BC Hydro over the next three fiscal years, and $480 million of “excess optional capital” from ICBC during the same period.
The Opposition New Democrats criticized the Liberals Wednesday for taking money from cash-strapped Crown corporations, which in turn raised the rates they charged taxpayers.
ICBC raised basic insurance rates by 4.9 per cent in November, and Hydro rates are set to go up 28 per cent over the next five years, adding hundreds of dollars to the annual bills of most British Columbians."
In 2011, the projected transfer was $185 million, and the actual amount transferred was $101 million. The next year, the projected amount was $181 million but no money was transferred because government directed ICBC to transfer all of its 2012 excess optional capital to its basic account in order to help alleviate pressure on rates.
In 2013, ICBC transferred the projected amount of $237 million. The projection in 2014 was $200 million, but only $139 million was transferred. Last year, ICBC transferred $138 million, falling short of the projected amount of $160 million."
I was reading an article a few months ago about the BC Gov and ICBC. Over the last 6 years, the liberals have taken over $1 billion from ICBC (I think close to 1.2 billion). If that money isn't being taken out of ICBC, our rates don't go up. BC has one of the lowest income tax rates in Canada but the government just makes it back other ways such as taking it out of BC hydro and ICBC which in turn comes out of our pockets.
"The Liberal government is grabbing more than $1.7 billion in revenue from the Insurance Corp. of B.C. and BC Hydro over the next three years, on the heels of rate hikes at both Crown corporations.
Tuesday’s 2014-15 provincial budget predicted $8.9 billion in net income by 2016-17 from Crown corporations to help the Liberal government balance its books.
That includes $1.23 billion in dividends from BC Hydro over the next three fiscal years, and $480 million of “excess optional capital” from ICBC during the same period.
The Opposition New Democrats criticized the Liberals Wednesday for taking money from cash-strapped Crown corporations, which in turn raised the rates they charged taxpayers.
ICBC raised basic insurance rates by 4.9 per cent in November, and Hydro rates are set to go up 28 per cent over the next five years, adding hundreds of dollars to the annual bills of most British Columbians."
In 2011, the projected transfer was $185 million, and the actual amount transferred was $101 million. The next year, the projected amount was $181 million but no money was transferred because government directed ICBC to transfer all of its 2012 excess optional capital to its basic account in order to help alleviate pressure on rates.
In 2013, ICBC transferred the projected amount of $237 million. The projection in 2014 was $200 million, but only $139 million was transferred. Last year, ICBC transferred $138 million, falling short of the projected amount of $160 million."
Our income tax rates are distributed within a curve depending on how much you make. While BC is lower than some provinces, when you graph the curves it is just lateral shifts in the tax curve. The actual rates are generally in line with other provinces. (BC might be slightly lower than some, but not ridiculously so). Source: http://www.cra-arc.gc.ca/tx/ndvdls/f...tml#provincial
Our government is just fiscally irresponsible, as many are. They simply don't care to make an effort to ensure tax payers are getting the most for their dollars spent. The money flows into their departments free and clear every year, they don't have to work to earn that money, they just spend it willy nilly.
Whereas me as a business since I have to actually work to earn every penny for my business before I can spend anything, I am much more careful about how I spend.
Government is setup in such a way that it buttfucks you. Get used to it, or go join them, become a civil servant. That's what most people do. If you can't beat em join em.
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