What’s available? Is there any benefit to us? Is ICBC passing those savings on to us? Absolutely not!
|No actually Mr Eby --- ICBC is ripping us off!|
Well it certainly appears that the government owned Insurance Corporation of British Columbia (ICBC) isn’t currently providing any kind of rate relief when it comes to what they charge us.
I like many others, are rarely seeing our vehicles leave the driveway – in fact if my vehicle is currently being driven more than 50 kilometres a week I’d be surprised!
So what in fact are they offering us?
On March 24th they announced ... ICBC is now offering customers the option to defer their monthly insurance payments for up to 90 days with no penalty, to support those facing financial hardship at this time ...
I, and tens of thousands of other British Columbians are sitting with our vehicles parked most of the time. Crashes in intersections must be down dramatically, hit and runs reduced greatly, multiple vehicle crashes are probably nearly non-existent.
Also figured into the price gouge, by ICBC, are the following:
Why am I paying for Road Safety – and what the hell is that actually?
AND ... why am I paying for Enhanced Law Enforcement, which is basically to pay for police to go out and catch distracted drivers, speeders, and other to enforce other road safety issues.
Now back to ICBC, COVID-19, and the millions in savings which ICBC must be piling up at the moment.
What’s available? Is there any benefit to us? Is ICBC passing those savings on to us?
Absolutely not --- we’re getting jack shit actually ... and there’s no more than what they previously offered, available to us.
Most people have an average of 20,000 kilometres put on their vehicle in a year – so for driving 75% less, they’re offer 10% off the price of insurance.
ICBC is savings millions and we as the consumers should be receiving the benefits of those savings ... and it should be a hell of a lot more than a paltry 10%.