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Insurance in BC

Discussion in 'Canada' started by VCanucks, May 29, 2013.

  1. VCanucks

    VCanucks Member

    Joined:
    Dec 30, 2012
    Messages:
    84
    Location:
    Squamish, British Columbia, Canada
    How exactly did getting insurance work? ie) did you get it before the car was delivered (is that even possible?) or is there an ICBC rep in the service center. Also curious to the rates people are getting here, saw in the other thread rates around $1000 for ontario but when i asked my local rep i got $2800 for a quote. That with $3M liability, 300 deductible and replacement.
     
  2. milotron

    milotron Member

    Joined:
    Dec 24, 2012
    Messages:
    45
    Location:
    Victoria BC
    I just got a renewal note in Victoria for $2200 with maximum discount, $3M liability, 300 deductible and full replacement.

    They had the ICBC agent there to do the transfer and complete the insurance transaction. Easy...
     
  3. Morristhecat

    Morristhecat Member

    Joined:
    Jul 3, 2012
    Messages:
    568
    Location:
    Burnaby, BC
    I am wondering if anyone has had any luck with third party insurance for the optional ICBC portion? Or third party new car replacement insurance? I am looking at $2,600 and $600 respectively when I renew, for the lower mainland.

    ICBC is such a ripoff and I hope there are some alternatives, however small.
     
  4. Hobiemon

    Hobiemon Member

    Joined:
    Nov 28, 2012
    Messages:
    44
    Location:
    Port Moody, British Columbia, Canada
    I went with Canadian Direct with a savings of about $1300 because I have my house insured as well. I have used them for years. If you just want the ICBC mandatory portion they won't send an agent but there is a cooperators just on Hastings about 3 mins east. I got a quote from CDI beforehand then when it was transferred into my name I just made a phone call and poof I was insured.
     
  5. Morristhecat

    Morristhecat Member

    Joined:
    Jul 3, 2012
    Messages:
    568
    Location:
    Burnaby, BC
    I recently went to renew & Canadian Direct saved me about $1500! Plus they insured me for $1M more than ICBC. They are highly recommended.
     
  6. SteveW25561

    SteveW25561 Member

    Joined:
    Jun 10, 2013
    Messages:
    564
    Location:
    Vancouver, Canada
    I also saved nearly $1000 with CDI. Sounds like an infomercial but my own agent was shocked at the savings!
     
  7. hpjtv

    hpjtv Member

    Joined:
    Jul 5, 2014
    Messages:
    60
    Location:
    Langley, BC, Canada
    Has anyone tried with BCAA for insurance? Speaking of insurance, do we just go to the agent with our VIN prior to delivery? Are taxes paid to ICBC at time of registration or to Tesla prior to pick up? Thanks.
     
  8. hpjtv

    hpjtv Member

    Joined:
    Jul 5, 2014
    Messages:
    60
    Location:
    Langley, BC, Canada
    Well, finally took delivery today. Had all kinds of problems trying to get insurance from ICBC prior to paying for the vehicle. They wouldn't accept the NVIS that Tesla gave me until all other documents were signed. I initially got a quote of $2100 or $2700 if you want new vehicle replacement. Well, today I had to lower my coverage a little bit, got $2 million, $500 deductible, new vehicle replacement (must be 70% damage, costs $300 more if you want only 50% damage). With my 43% road star discount, it came out to be just under $3100. Their quotes are not valid for more than 1 day. Can't believe it went up nearly $400 in only 2 days. Either way, that's just expensive.
     
  9. Morristhecat

    Morristhecat Member

    Joined:
    Jul 3, 2012
    Messages:
    568
    Location:
    Burnaby, BC
    @hpjtv,
    I hate to sound like a commercial for these guys but did you try Canadian Direct? When I renewed again this year they saved me another $1,300 again. Last year they saved me $1,500. And for more coverage at that.
     
  10. Paul Carter

    Paul Carter Active Member

    Joined:
    Apr 27, 2013
    Messages:
    1,456
    Location:
    Vancouver, BC, Canada
    Hmmm... I wonder if this means some of our higher end insurance could be lower since in private hands I'm sure there will be less overhead?
     
  11. beeeerock

    beeeerock Active Member

    Joined:
    Mar 12, 2015
    Messages:
    1,372
    Location:
    Kamloops BC Canada
    I wondered the same thing. I've been using CDI because they gave me a better deal than ICBC... but maybe CDI will use this as an opportunity to jack their rates up while still remaining slightly cheaper than ICBC? I won't be happy if that happens. The S probably represents a much lower insurance risk in terms of human body damage, even if car body risk/cost might be higher. It strikes me that human damage payouts have the potential to greatly exceed car costs, so if anything the rates should be more competitive than comparably-priced cars from other manufacturers.
     

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