ICBC Auto Insurance Reviews

ICBC has had its monopoly for too long now.

Its about time we allow private insurance companies to operate in BC

I would like to highlights the problems of monopoly and how the BC residents are taken for a ride but this monster called ICBC.

First of all the most expensive insurance in the world is ICBC there is no insurance in the world that charges 4000$ for a new driver except ICBC. The sad part is they are getting away with it since no one apparently in BC is doing anything to end this mockery.

ICBC has announced profit of 285,000,000 in one year with 135% increase in profit and yet they want to increase the premiums by 4.9% on all drivers and the CEO has the decency to come on TV and claim that the 4.9% is less than a 1 a month.

Seriously do you think that Canadians are that stupid here is the formula first of all the average insurance in BC ( these statistics is by them not mine is) 1285$ 4.9% of that is 62.9$ that is over 5$ a month how dare you lie and say it is less than a 1$?

Did you know that new drivers in BC are asked to pay 4000$ for those old drivers who really think that this does not affect them since they are averagely paying 1300$ think about your sons and daughters think about your brothers and sisters and friends who will end up paying over 300$ a month when you can buy a brand new car for less than 200$ a month EMI?

The problem is bigger than amounts paid the problem is Monopoly.

Allow me to highlight the monopoly scheme

When you are a monopoly you become complacent you don't care about your customers any more to you they are sheep not clients or you see them with the $ sign on their foreheads

As a monopoly they will use their funds in every possible way to keep their business running as a monopoly therefore you have a lobby of corrupt politicians who are paid to protect the interest of this company and not yours as a citizen of this country. You become a no. not a human being any more.

Other problem of Monopoly is that the company who is preforming the monopoly they have no respect to their clients its like we can do it we are doing it and we love doing it and you have no other option but to take it or leave it.

Today cars are no luxury. They are a mean of transport to many of us. If we don't drive and reach to our work we don't eat or pay the rent at the end of the month. When company like ICBC has the liberty to do what it likes with your as a no. ( not a human being ) they are hitting you where it hurts and you have nothing to do about it.

Remember politicians and supporters of ICBC are being paid by you they are your servants but just like police they get carried away and they think they are above the law. They need to be reminded that you are there to serve us and not the other way around.

Today ICBC is no more a private company they are now setting the rules for the road speeds asking RCMP to act as per their likings arrest hold confiscate and even use your information gathered by them with police investigation without your approvals.

Today we say stop to ICBC we call on more companies to come and operate in BC we want to create jobs by allowing fair competition.

If 4 or five auto insurance companies come to operate in BC guaranteed jobs of over 50,000 personal will be available

rates of your yearly premiums will drop from 3400$ to 700$

Hate ICBC. No exaggeration. They're ridiculously expensive (I'm a student) and still continue to lose money while increasing profit margins for their CEOs. Big surprise. When I turned 25, they lowered my insurance rate. Not even a month later, it went back up again. Biggest scam and customer service is horrible.

There's the money hungry ICBC. Don't give me any garbage about getting optional insurance elsewhere. I have no options but pay ICBC for my basic insurance. I dislike the idea of giving a single penny to ICBC. Then I have to hear about bonuses and their pay rates. They absolutely do not deserve any pay rate increase and certainly no bonus. I haven't had a ticket in 40 years and no claim for about the same. I'm fed up with ICBC. I want other options!

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.

Rates: ridiculous. Fees: horrible. Customer service: what? And god forbid if you make a single mistake on the road because if you do, ICBC will drain your wallet DRY!

ICBC CEOs should be in prison, no questions asked, so many nightmare stories with them, I’ll just share my most recent one. I watched this old lady bang her door into my car, caused dent and scratch on my car, so I filmed the whole thing with her door lines up with my dent. Videos, pictures everything. I submit to ICBC, waited 3 months because adjuster never called me, I finally called and asked: have you reviewed the videos and pictures? She said: what videos and pictures? I said: the ones I’ve sent you 3 months ago. She couldn't find them, so I sent again, she said she doesn't know what she's looking at, so I went back to the body shop, redid the measurements and resent new photos. Then another 3 weeks went by, nothing from her. I called again, she said please, stop calling, she will call me. I finally had enough, I called every day asking for her manager because she can't do her job. Finally, one day the manager calls me and said the case is closed, I have to pay the deductible because dent doesn't match up. I said: have you reviewed the videos and photos? He said: what video and photos... Seriously, I have not seen a more incompetent and useless human being. They do nothing at ICBC but raise insurance every year. Finally, the manager said the videos make sense, my deductible is waived, in total, I emailed them my video 5 times to 3 different people, had to call every other day for 3 months. This is the kind of joke this garbage place is, BC is run by the thief NDP or liberals who take money from ICBC in return letting them do whatever they want, raise insurance every year and does no work at all.

If I could have given 0 stars I would have!!! These guys are an absolute joke! One, they charge an arm and a leg for insurance, but when you don't have much competition, I guess you can do whatever you want. I moved back to ON (where my insurance is 1/2 the price, I might add) but these idiots will not cancel my insurance because the plates have not arrived yet - prob because of the postal strike atm … so instead of just charging me the cost of the plates (not even sure why I need to send them back since, um, I paid for them!!), no, they are telling me that my policy cannot be cancelled until the plates are surrendered, so I now have to pay an additional month of insurance - insurance, by the way, I do not need and they will not cover if I do have an accident since I now have ON insurance … so I do not know legally how they are allowed to charge another month of insurance (and deny a request for cancellation) when they are providing me with NO service! They are thieves and frauds!

I was driving a drunk friend home 2 years ago and he briefly put his upper half out of the window when I got pulled over and ticketed for 800$. After I paid that fine, I was told I still have to pay 650$ every year on my birthday for the next 3 years. So because of my drunk friend's silly little mistake, I have to pay almost 3000$ to ICBC over multiple years. Complete scam. Highway robbery, cash grab so they can pay their CEO’s more money than they can spend. ICBC needs to go. I’d move away in a heartbeat if I didn't have this bill looming over me.

There is nothing right about ICBC. My insurance charges $350 per month, after years of clean history. ICBC should be responsible for the huge hit and run accidents in the province since people can not afford being at fault. And we have no choice but to accept anything ICBC provides.

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.