Quote:
Originally Posted by 320icar
So they’re doing the tactics that department stores used to do before the advent of internet on phones. Spend a few weeks hiking up the price of a blender, then put it for sale 30% off. But it’s just back to what it used to be lol
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LOL~ That's a cynical way of looking at the ICBC premiums, but I am not at all surprised people might think that way.
It is completely false that ICBC is jacking the rates up now so that they can lower it back down later and make it seem like we're getting a bargain. The current rates (eg. the higher premiums that TypeRNammer is paying compared to last year) are decided on last year when ICBC was still in its financial dumpster fire mode, and was losing money badly. Under the previous dumpster fire model, the premium increases were needed to keep the game of musical chairs from imploding right away.
Honestly when it comes to vehicle operating costs, at the moment I am far more upset about the ridiculous gas prices than I am with ICBC rates.