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$

After all the horrible things I've heard of ICBC I was weary of dealing with them, after being rear ended by a U-haul truck. I thought considering it wasn't my fault though it wouldn't have been that bad. I was sadly mistaken, having one of the worst experiences in my life. Being a new driver, I had random witness' follow me to the location of the accident just to vouch for me and my claim. I was very grateful, but despite the witness' ICBC still put me through the ringer stating I was still 25% responsible for the incident. Until the person who hit me ADMITTED their full fault in it ( with no apology from ICBC) . 9 months and in counting after U -haul quickly paid me out hassle -free. ICBC is still treating me unfairly on JUST the reimbursement of my insurance and transportation fees alone. After multiple attempts to contact them and stating who I was, my ICBC representative actually HUNG UP on me and patched me through to someone who couldn't even help me. She is still ignoring me to this day when all I am asking is what is owed to me. For an accident that wasn't even my fault! IT's about time we get competitors in BC ! They're raising all insurance 30% spike this year from now on and yet they don't even do their jobs as it is. I will literally go to AB just to get my insurance next time because I'm a young adult in a horrible society and if ICBC has taught me anything it's don't get hit by anyone or you are also taken advantage of. Also my boyfriend has been driving 2+ years safe driving in his company truck and failed his 4th test today! His failing reason : He didn't have his hands on the wheel at all times and he shoulder checked too much. It's all a money grab!!! Please take my advice and avoid ICBC at all costs. They will do nothing but give a headache for the rest of your life. As long as you pay , you have to put up with the horrendous treatment! I literally am only 20 and had my license for a little under a YEAR I'm already the biggest advocate to speak out about the injustice they bestow upon citizens.I highly suggest everyone invests in a DASH CAM FOR YOUR OWN SAFETY . Hopefully you have a wonderful ICBC free day !

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 highlight the problems of monopoly and how the BC residents are taken for a ride by 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 that they are getting away with it since no one apparently in BC is doing anything to end this mockery.

My payments last year were $300 because I was 24 and still considered as a new driver. I had 1 fender bender in the last 9 years I was driving but because 3 of the years were in Newfoundland I am now considered to have 6 years driving experience due to the new structure ICBC has. That being said they raised my rates up by 150%. Yes, my payments are now $750 a month. How can this even be allowed? And they are saying that I can just pay 10,000 to have it insured for the year if I don't want the payments. I've got 3 young kids and a wife to feed and a mortgage to pay for. The wife doesn't work right now and with just the truck payment, insurance and mortgage I'm looking at 4,000 a month. What!? ICBC is a scam and they take advantage of people because they are our only option for insurance. No wonder people drive without insurance or jump off bridges. I can't believe they are doing this sort of stuff. I thought $300 a month was bad. The real kicker was that I got a piece of mail from ICBC to remind me to renew and it said that with their new structure, premium rates don't rise each year like they used to. HA...

Gouging young drivers. Our 20-year-old for one year in the lower mainland based on a 14-year-old Honda is paying $6000 a year for insurance with one accident. This is completely unfair. How do these young people get ahead and be able to live in this province?

Whoever thought it was a good idea to charge "high-risk drivers" more was an idiot. Now 17-year-olds who just got their N have to pay around $350 per month. While going to school. I'm about to enter the second year of insurance and it's over $1000 more than it was last year and just another thing to worry about as I'm now in post-secondary. What a joke of a company. They just want more money in their pockets.

ICBC is complete garbage, as I just renewed my car insurance I have been majorly affected by there new rates. My car insurance went up by almost 50% a month. I’m in actual shock as a “young” driver they wiped my 3 years of safe driving experience from my learners and now to them I only have 1 year! (I have never had a car accident in this time) This is garbage I have been a customer for 4 almost 5 years and they took all my discounts away. Sounds great ICBC let’s make the people younger group of people who already have a harder time pay more.