Quote:
Originally Posted by Edison_Chen
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.
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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.