Check with ICBC to ensure you get a new reduced rate. Although the British Columbia Insurance Corporation (ICBC) is the sole provider of car insurance for all British Columbia drivers, car insurance premiums are calculated roughly the same way as in any other province, with a few differences. The Canadian government requires drivers to obtain car insurance because it ensures that everyone can pay for expenses (personal or third-party) if they are involved in an accident. Along with Saskatchewan, Manitoba and Quebec, British Columbia has a very specific auto insurance regulation that affects auto insurance customers.
Some experts also say that the lack of competition in the province's insurance market, dominated by the government, is a key factor contributing to high insurance rates. The auto insurance rate is calculated and what you can do to get the most coverage at the best price in B. Having a clean driving record encourages your car insurance provider to reduce your rates over time. This page will give you an idea of car insurance premiums in British Columbia and share some useful information.
Going to driving school is a fantastic option for young drivers who want to be proactive about saving on car insurance. Basic car insurance in British Columbia is regulated and offered by the British Columbia Insurance Corporation (ICBC) through the Crown Corporation's Autoplan program. Here are some average car insurance rates to give you an idea of insurance prices in British Columbia. It's difficult to pinpoint an exact number because there are several different types of car insurance options and several factors influence the total price.
Visit the insurance website approved by your province's government to find a broker that offers insurance services in your area. Auto insurance in Alberta is offered by privately owned companies, giving drivers a number of options to choose from.