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08-21-2019, 12:43 AM
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#301 | | Willing to sell body for a few minutes on RS
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| Quote:
Originally Posted by fliptuner  So they ditched the Claim Rated Scale and are now using what they call a Driver Factor. https://www.icbc.com/insurance/costs...er-factor.aspx
They don't show what your discount is going to be or how the come up with your actual number.
For example, my driver factor is 0.528. I've been driving over 25 years and haven't had an at-fault claim in over 20 years. How the hell do I know where I fall, in relation to other drivers? Under the CRS system, I was basically maxed out (-21). Now I have no clue. | Mine is 0.556 with 19 years, no claims, no tickets. Ditto, no clue.
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08-21-2019, 01:10 AM
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#302 | | I contribute to threads in the offtopic forum
Join Date: Jan 2005 Location: North Vancouver
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Looks like a discount percentage? Paying 0.556/1 would be very close to the old 43% max discount.
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08-21-2019, 01:18 AM
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#303 | | My homepage has been set to RS
Join Date: Feb 2012 Location: Vancouver
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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.
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08-21-2019, 12:28 PM
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#304 | | Rs has made me the woman i am today!
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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
Last edited by MarkyMark; 08-21-2019 at 12:51 PM.
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08-21-2019, 02:20 PM
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#305 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Feb 2017
Posts: 195
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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
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08-21-2019, 02:52 PM
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#306 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Mar 2005 Location: Vancouver
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| Quote:
Originally Posted by snowball Looks like a discount percentage? Paying 0.556/1 would be very close to the old 43% max discount. | 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.
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08-21-2019, 04:09 PM
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#307 | | Head of HR....have a seat on that couch
Join Date: Jan 2003 Location: Coquitlam
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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.
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08-21-2019, 04:16 PM
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#308 | | Willing to sell a family member for a few minutes on RS
Join Date: Feb 2002 Location: Richmond
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| Quote:
Originally Posted by fliptuner 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
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08-21-2019, 05:53 PM
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#309 | | Rs has made me the woman i am today!
Join Date: Apr 2013 Location: revscene
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| Quote:
Originally Posted by fliptuner 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. | 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.
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08-21-2019, 06:56 PM
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#310 | | Rs has made me the woman i am today!
Join Date: Apr 2013 Location: revscene
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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://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).
Last edited by BIC_BAWS; 08-21-2019 at 07:21 PM.
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08-27-2019, 05:46 PM
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#311 | | Rs has made me the woman i am today!
Join Date: Apr 2013 Location: revscene
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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 Quote:
“They can actually use the tool to add drivers and get a quote for their policy, and see what impact adding drivers will have on their premium,” said Tyler McGilvery, business process advisor for ICBC.
To get an estimate, the vehicle owner must enter information from their driver’s licence number and a licence plate number on the landing page. The next screen lists their policy, vehicle information and renewal date, and they can go from there to estimate their renewal cost.
The third screen lists their vehicle and insurance information, and the name of the primary driver. This is where they can begin to experiment with adding and removing other regular drivers — such as members of their household or employees — and see how those people will affect their premium.
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“This tool is meant for customers to kind of get a sense of what effect adding drivers might have — it doesn’t cover every possible scenario,” McGilvery said.
To add a driver, the vehicle owner needs to provide that person’s birthdate and driver’s licence number. The tool provides estimates for both basic and optional insurance.
Any information saved in the estimator tool about listed drivers can be seen by a broker and used during renewal.
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08-27-2019, 08:07 PM
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#312 | | Everyone wants a piece of R S...
Join Date: Aug 2009 Location: White Rock
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| Quote:
Originally Posted by Gh0st 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 | Exact same. So i'll pay more considering I was at 43% plus the 10 year discount.
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08-27-2019, 10:08 PM
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#313 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2011 Location: Richmond
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Originally Posted by Oshiguru 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
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08-28-2019, 01:09 AM
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#314 | | I bringith the lowerballerith
Join Date: Mar 2013 Location: Vancouver
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25 yrs, 0 claims. 0.531.
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08-28-2019, 08:03 AM
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#315 | | I contribute to threads in the offtopic forum
Join Date: Jun 2012 Location: Vancouver
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Originally Posted by Oshiguru Exact same. So i'll pay more considering I was at 43% plus the 10 year discount. | same here with 10 years.
Your driver factor for commercial use: 0.607
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08-28-2019, 09:03 AM
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#316 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Mar 2005 Location: Vancouver
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reddit thread is pretty funny. lots of kids discovering that 5 years of renewing learners permits won't count for shit (it shouldn't) Quote: |
Years of "make bad and statistically risky drivers pay more" is about to happen and young folks are just now realizing that that's them.
| https://www.reddit.com/r/vancouver/c...car_insurance/
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Originally Posted by westopher replace that wood for who gets producer the wood. | | |
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08-28-2019, 09:15 AM
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#317 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2011 Location: Richmond
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Originally Posted by The Producer | . Quote:
No accidents, 10 years, no additional drivers, my insurance is going UP $300**
Edit: I was mistaken, it's going up $1,170. Time with a learners license no longer counts towards your years of experience. so instead of hitting 10 years I have been bumped back down
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08-28-2019, 10:25 AM
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#318 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
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Originally Posted by Mikoyan 25 yrs, 0 claims. 0.531. | 24 years, 0 claims and 0.534 for me... the percentage drop really slows down in the higher years huh?? lol
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08-28-2019, 11:06 AM
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#319 | | I am Hook'd on RS
Join Date: Sep 2010 Location: vancouver
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33 yrs 0.502 driving factor.
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08-28-2019, 12:07 PM
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#320 | | RS.net, where our google ads make absolutely no sense!
Join Date: Mar 2010 Location: vancouver
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Originally Posted by MarkyMark Just wondering if someone who previously had a 43% discount could end up getting fucked over switching to the new system | 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.
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08-28-2019, 12:09 PM
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#321 | | Zombie Mod
Join Date: Aug 2003 Location: Langley
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Originally Posted by 68style 24 years, 0 claims and 0.534 for me... the percentage drop really slows down in the higher years huh?? lol | 24 years (As of May?), 0 claims = 0.535
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08-28-2019, 12:32 PM
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#322 | | I contribute to threads in the offtopic forum
Join Date: Jun 2012 Location: Vancouver
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Originally Posted by radioman same here with 10 years.
Your driver factor for commercial use: 0.607 | Just renewed. This translated to an increase for me. $214->$238/month with no changes or additional drivers.
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08-28-2019, 01:25 PM
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#323 | | Willing to sell body for a few minutes on RS
Join Date: Aug 2004 Location: Duncan, BC
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Originally Posted by Jmac Mine is 0.556 with 19 years, no claims, no tickets. Ditto, no clue. | 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.
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08-28-2019, 01:31 PM
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#324 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2011 Location: Richmond
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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
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08-28-2019, 02:15 PM
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#325 | | Rs has made me the man i am today!
Join Date: Aug 2007 Location: Richmond
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^ 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%.
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