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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:
    600
    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:
    600
    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:
    570
    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
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    600
    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 Supporting Member

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    Apr 27, 2013
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    1,558
    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

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    Mar 12, 2015
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    1,395
    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.
     
  12. Paul Carter

    Paul Carter Supporting Member

    Joined:
    Apr 27, 2013
    Messages:
    1,558
    Effective January 8, 2017

    Basic Autoplan insurance will double when you take out a new policy or renew an existing policy for most vehicles over 150k.

    And to purchase Autoplan collision, comprehensive, or specified perils coverage you may also need to apply for customized special risk own damage coverage.

    Coverage for luxury vehicles

    Has anyone renew in the past two days? Please do tell if the customized special risk applies.
     
  13. cmt489

    cmt489 Member

    Joined:
    Jul 12, 2016
    Messages:
    65
    Location:
    North Vancouver, BC
    Phew! Because I bought the 90D instead of the P90D, I skirted this one!

    Of course, this is hilarious because it costs exactly the same to fix the body work on my 90D as it does a P90D or a P100D. So ass backwards and not thought out.
     
    • Like x 2
  14. Shorty

    Shorty Member

    Joined:
    Nov 16, 2012
    Messages:
    165
    Location:
    Victoria BC
    I compared ICBC to 3rd party coverage when I purchased my car last month and the private insurance was substantially more. The difference however is that I live in Victoria and ICBC generally has lower rates for folks who live outside of Vancouver.
     
  15. MarkoJ

    MarkoJ Member

    Joined:
    Jan 16, 2016
    Messages:
    40
    Location:
    Victoria, Canada
    I pay $1,700 in Victoria, B.C., but I have all my deductibles set at $1,000. Really helps to bring it down.
     
    • Informative x 1
  16. dmd2005

    dmd2005 Member

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    Oct 5, 2015
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    Location:
    Abbotsford, BC, Canada
    #16 dmd2005, Jan 24, 2017
    Last edited: Jan 24, 2017
    My sister owns an insuance agency in Vancouver and when I got her to give me a quote from ICBC for basic insurance and all the optional coverage, it came out to $5600/yr for a XP100D. The deductible for claims will be 1% of the vehicle MSRP or close to $2400/claim on P100D.

    My current insurance on my S90D is $2700/yr and my wife and I have the full Roadstar discount of 43%. I switched my order from a XP100D to a X100D the day Tesla announced the release of the X100D (Teslas were not on the luxury car list when I ordered the P100D in December). Luckily, my X was more than 3 weeks out from starting production. If your order is less than 3 weeks from production they will not allow you to make changes (even though MyTesla pages says it is still awaiting start of production) and you will have to cancel and lose your deposit for a re-order.

    I won't have free Supercharging for the 100D, but I will enjoy the extended range and a savings about $2900/yr on insurance rates will pay for more than enough Supercharging.

    Also, ICBC and Christy Clark's re-election campaign is pushing for legislation to allow ICBC to not cover the premium/luxury vehicles for basic insurance at all...I wonder what the rates will be from private insurers if this does happen. I didn't bother getting an actual quote from a private insurer since it would be more than $5600/yr that ICBC was quoting.
     
    • Informative x 1
  17. Paul Carter

    Paul Carter Supporting Member

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    Finally got the approved quote for the optional 3rd party insurance via belairdirect (formally canadiandirect) for a X P100DL. Its great they are covering it at about half of the ICBC quote I got.

    Its $ 2,425 / year with $300 deductible for collision and $200 for comprehensive. Includes replacement cost endorsement. Phew. ICBC basic coverage appears to be unchanged.
     
    • Like x 1
  18. Canuck

    Canuck Active Member

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    Nov 30, 2013
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    4,486
    Location:
    South Surrey, BC
    It's not only about fixing bodywork. If you write off a P vehicle, it costs the insurer a lot more to replace, whether on a replacement or actual cash value basis. Still, it's a cash grab, and an outrageous one at that. I'm glad to hear Paul Carter found cheaper coverage with a private insurer.
     
  19. cmt489

    cmt489 Member

    Joined:
    Jul 12, 2016
    Messages:
    65
    Location:
    North Vancouver, BC
    Basic insurance does not replace or give ACV on a vehicle. It is either your optional insurance or the third party liability insurance for the person who is at fault when they hit you. It has nothing to do with the basic insurance on the vehicle that is being insured.
     
  20. cmt489

    cmt489 Member

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    Jul 12, 2016
    Messages:
    65
    Location:
    North Vancouver, BC
    I am also with CDI and they gave a great rate for my X.
     

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