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Thought I'd chime in here from a newcomer point of view (arrived after ICBC changed the rules in Sept).
Swapped my foreign license for a BC one. ICBC gave me 15 years driving experience, the max they can give for exchange (I've been driving 21 years). Driver factor 0.602
Insured an almost new Porsche Macan S for $2650. $3M 3rd party, $500 deduction, $3M uninsured, personal use.
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