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Went and renewed three vehicles today, without changing any of the coverages on them. I'mclaims free and accidents free. I went from a 43% discount in the system, to a 0.54 factor under the new system.
2005 Subaru Impreza - increased by $111.00 a year.
2018 Flat Deck Auto Trailer - increased by $1.00 a year.
1958 VW Beetle - decreased by $67.00 a year.
Personally, I don't believe that ICBC's claimed 56% of users are saving an average of $206/yr under the new system. I'm now 40 years old, zero claims, and my 14 year old car beater is going up?
Having also lived under the private insurance system in Ontario, however, I know the private also doesn't work. It's definitely better for the average consumer who is claims free, and drives an appliance vehicle. But for any of us who are vehicle enthusiasts, it aims to penalize you at every opportunity. When I left Ontario, it was actually impossible to insure a car with modifications. Swapped wheels? No one would take you. All of the modified cars out there were like collector plate cars here that modify after they get the plates - They're paying for insurance, but the fine print gives every right for the company to deny coverage.
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