ICBC Auto Insurance Reviews
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ICBC is the biggest scam in BC history. Pay your money to them for YEARS without any tickets or any issues at all, then BAM - get a ticket. Not only do you pay for the ticket itself...but then you pay a DPP penalty depending on how many points your tickets for the year incurred THEN, on top of that, you also get an increase to your insurance. So for the two tickets I received in the last 12 months ($365 and $165), I had to pay the tick amounts, $360 DPP penalty fine, and an extra $100 on my insurance for the year...so we're talking $1000 paid total so far, and the tickets themselves were only $530 of that. Unbelievable...especially considering before these last 12 months, I hadn't received a single ticket in several years. Not one single ticket. Not one single accident I was at fault for. Nothing. Such a joke of a company.
Company has monopoly on basic insurance. Charge way too much for premiums. Tried to pay off fast at low amount on claims
They only see what they want and charge to much. They are not on your side at all.
I have a conservative 2010 Honda Civic. My ICBC insurance renewal arrived and I am being charged $1532 for a year's worth of insurance, with "congratulations - you've earned a total estimated savings of $1490...". I am 72 and have a clean driving record. $1532 is ridiculous. Can you imagine if the $1490 "discount" had not been applied? ICBC is a rip-off, a money grab. Why should they be the only game in town? Open up BC to other insurance companies for competition.