I don't think Harvey Specter is powered by parents.

Anyone here running 3rd party for the optional portion of their insurance?

I’m not. Private wanted $300-$450 more than ICBC for the same coverage.

I was on my chevy truck roughly 2014-2017, in 2018 ICBC was the cheaper option. Renewal again on the 16th of Dec, so we'll see what my options are.

yes
popular ones are bcaa and belair

I’ll go to bcaa in lansdowne tomorrow after work and get a proper quote over icbc. Renew on the 8th so I’m cutting it close

but... but... i thought icbc was the most expensive ever and we need private here?

weird...private for just the optional is a few hundred cheaper for me

are you saying the 1.3b 'dumpster fire' is sustainable?

Everyone is different. Age, where you live, past tickets or accidents, what car you drive. Icbc is pretty predictable with their price but third party insurance is all over the map

I've been shopping for new vehicle replacement insurance. It's surprising how much more expensive the ICBC product is compared to a private insurance company.

I am, on the bike though.

If i went full ICBC with the bike it would cost me ~$600 more per year

If you're under ~30, you probably love ICBC's prices. Private insurance would price you properly according to your actual risk profile as opposed to having older people pay more to subsidize the risk of the 18 year olds.

Totally. The icbc replacement cost way more than the private ones. The private companies provide more options and perks in the prices. The private replacement offers a longer term vs Icbc’s 3 year only.

IF you get into an accident and you have collision with ICBC and replacement policy with them its very straight forward how it works
IF you have an aftermarket policy you might have a headache on your hands
Obviously there is many variables, when i purchased my wifes vehicle we went with the ICBC because i know the headaches
Also take note that if the person is pushing the aftermarket policy read how much they will directly make if you sign the paperwork they usually pocket $300-$550 and much less with icbc

I’m 35 with no accidents, tickets, etc and private is way more for my BMW 325. When I was driving my Civic and younger, it was slightly cheaper with private (about $30).

I agree, it is often easier to deal with one party (ICBC). However the reviews I have read about the 3rd party company all have been positive/straightforward.

People make commission no matter what. I try not to let that influence my purchase decisions. I'll buy whatever I think is best for me.

I have 25+ yrs of Canadian driving experience, no at fault accidents in the last 10+ years (if not 15+?), currently enjoying max ICBC discounts, and Belair Direct quoted me ~$400 more for less coverage on my daily. It was actually quite funny because I obtained an online quote from Belair, saw their number was higher, and didn't give anymore thoughts to it. But then a few days later, one of their agents called to follow up. When I politely told him their policy was more expensive than ICBC's by a few hundred dollars, there was this awkward moment of silence from the other end before he went back to his standard pleasantries and we ended the conversation.

This is true but I found the additional perks added quite a bit to the total premium. I also didn't see a need to purchase a term longer than 3 years. I felt the biggest insurable risk is losing a significant amount of depreciation in the first 3 years. Everything else I thought was a money-maker for the insurer and didn't seem worth it if you are planning to keep the car over very a long term.

How do you feel about that coverage? I've never gotten it, I debated getting it on my latest truck (2018) but I'm not sure if it's worth it. I feel that if I get it and I happen to get in a bad accident the insurance company would spend 35 grand fixing my truck if it was cheaper than replacing it. If that's the case I don't want to be driving around in a vehicle that had that much damage. I paid cash for my truck and don't owe anything so that's what swayed me against getting it.

Maybe I'm wrong and they don't pull that shit? Is there something in the underwriting that prevents it?

i bought the ICBC 3 year replacement plan on a mazda3 I wrote off at the 2.5 year mark. Car was probably worth 10k on a good day. received a cheque the day after the accident for almost 30k.

ICBC might be junk for everything else - but this was the best policy I ever bought. To be fair I don't know if the 3rd party policy would have paid out as well or as quick.

I'll reiterate my standard ICBC rant here. Let me buy a package that covers my liability, and separate packages for each of my cars. It's a complete scam that I'm forced to buy duplicate policies for myself for each car I own.

+1 on this.

Private: 18 y/o in GTA (~6600) OR +$900 on parents insurance OR sign waiver that you won't drive parents' car, 45+ y/o in GTA (~1300)
ICBC: 18 y/o in GVA (~3400), 45+ y/o in GVA (~2200)

Vehicle costs and risk profiles similar between the two provinces. TL/Accord, and RDX/Veracruz.

So far I feel ok. Prvate insurance comes with lots of extra fees that I hate.
There was a "referral fee" on top of the premium that amounted to almost 30% of the total cost, simply just for administration.

One advantage you might like with the ICBC coverage is the threshold for declaring a total loss is if the cost of repairs exceeds only 50% of the market value of the vehicle. The private insurance doesn't do that.

The threshold applies only on NVR+ and only applicable on the first 2 model years. It’s more than the regular Replacement cost... I believe the regular threshold is around 70-80%.

How was it? I am guessing your Focus RS would cost less to insure from BCAA than from ICBC.

Didn’t make it out today. Just found out my mom needs surgery this weekend so I came home and made a huge pot of chilli after work that way my dad doesn’t need to worry about food this weekend