Mine is 0.556 with 19 years, no claims, no tickets. Ditto, no clue.

Looks like a discount percentage? Paying 0.556/1 would be very close to the old 43% max discount.

I'm at 0.719 w/ 7 years and no accidents.
My coworker is at 0.407 w/ 49 years, no accidents, and senior discount.

So this number is based off when you get your N (or just your license if you were born earlier) and how many accidents you were in?

Just wondering if someone who previously had a 43% discount could end up getting fucked over switching to the new system

Didn't they use to count driving years from when you got your Learners? So anyone who had their learners for a number of years before getting their N might find their rates going up? They could potentially say that someone who used to have 15 years driving experience from when they got their L now only have 9 years experience because they dragged their feet on getting their N.

Read about it in Reddit a bit, they aren't counting crashes before 2016 either lol wtf. So they rob some people of their driving experience to potentially pay higher rates, but give people who had a bunch of accidents before 2016 a pass.

Shits confusing

yeah it looks like i may have been burnt.

10 years driving experience, 0 claims affecting my driver factor, and my factor number rating is 0.6

that's a good theory

my current base rate = $1892
43% discount = $1078

my current base rate x driver factor
1892 x .538 = $1018 (if this is actually how it is used)

If this is true that it will be interesting to see what happens to people who have just achieved max discount vs drivers at a higher CRS but same discount. One of my biggest complaints about the existing system is the 43% top out. You should get a bigger discount (or have a lower driver factor) than somebody who has a shorter clean driving record, even if under the old system the "max discount" was the same.

According to my broker, this is correct. You Driver Factor is the percentage of basic insurance you pay.

So at DF 0.528, I would have a 47.2% discount. I suspect my DF would be lower if I didn't have a commercial license.

I still want to know how an at-fault claim would effect your DF, though.

It looks like we get separate driver factors,

One for personal and one for commercial, looks like my fuck ups at work wont cause personal pain

So this basically screws most newer drivers (?). I had -4 or -5 (if based on learners). 20-25% discount.

1-0.886 = 0.114... 11.4% discount.. jesus.


My younger brother just got his license a couple days ago. I'm curious what DF he's sitting at.

Based on another friend, we can deduce that each year of clean driving = ~ -0.06 (0.057 to be exact) points.

As stated above, I have 4 years since first got N, no at fault crashes (paid off), one ticket (minor). I'm at 0.886. Friend has 5 years since he got his N, no at fault crashes, one ticket (minor). He's at 0.829. We live in the same area.

From reddit, someone plotted DF (Y axis) vs Years of Experience (X axis) based on the reddit thread. They deduced that "From the graph, it's clear that the first 10 years of safe driving have the greatest impact on your driver factor. It looks like your factor continues to decrease at a lesser, but constant rate right up to 40 years."


https://i.imgur.com/KQtCJ5d.png


https://www.bcuc.com/Documents/Proce...RateDesign.pdf


Pages 224 - 231 show exactly how an Individual Driver Factor is calculated. For most people, assuming that you have no chargeable claim payments (CCP), you're not a new resident, and you're not a senior citizen, it would be Table 1 (Experience Factor) x Table 5 (Experience Adjustment Factor).

With that in mind, I'll check when I'm home, I calculated a person who just got their N to have a DF of 1.173 or 17.3% surcharge. Since I am at 0.886 or 11.4% discount and a new driver would have a 17.3% surcharge, that would make my effective discount at 28.7%, which is roughly where it was before, at -4/-5 (depending on calculation).

If you're within 45 days of renewal, you can use this ICBC tool to find out your new rates. You'll need your driver's license number, driver's license serial number, and plate number.

https://vancouversun.com/news/local-...s-live-tuesday

Exact same. So i'll pay more considering I was at 43% plus the 10 year discount.

Yeah. 11 years, im at .595 I have no idea if that’s good or bad. -43% and 10 year discount

25 yrs, 0 claims. 0.531.

same here with 10 years.

Your driver factor for commercial use: 0.607

reddit thread is pretty funny. lots of kids discovering that 5 years of renewing learners permits won't count for shit (it shouldn't)

https://www.reddit.com/r/vancouver/c...car_insurance/

.

24 years, 0 claims and 0.534 for me... the percentage drop really slows down in the higher years huh?? lol

33 yrs 0.502 driving factor.

I had my L expire and renewed before I got my N (so L for ~2 years). It used to count towards the discount so I was at 43%, now I'm at .668 (which I'm guessing is 33% discount).... got fucked :(

8 years driving experience and 0 accidents. Used to have over 10 years with the old system.

24 years (As of May?), 0 claims = 0.535

Just renewed. This translated to an increase for me. $214->$238/month with no changes or additional drivers.

Just used the new online estimator.

Was obviously at -43% before. Under the old system, I was at $1417 last year. Under the new system with my SO added as a non-principle driver, it’s estimated at $1440 with the same optional coverage.

So my wife with ~22 years is .535 or something like that.

Since there are two drivers in the house, the way it was explained is that 75% of your policy is priced on your number. And the remaining 25% will be whoever else in the house might drive your car. So 75% @.596, 25% @ .535

^ And if you had multiple secondary drivers, they would count the highest of the secondary. So say there was a 0.6 and 0.8, they would only factor in the 0.8 as the 25%.