B.C. Attorney General David Eby introduces former NDP cabinet minister Joy MacPhail as chair of the ICBC board, Aug. 19, 2018. (B.C. government)

B.C. VIEWS: How to get the best deal on your ICBC car insurance

ICBC slowly being dragged into the 21st century

A U.S. insurance company is running amusing TV ads where a 1970s-era couple call up a page on the “information superhighway.” When it finally loads, all they get is a phone number.

In another scene, they jump in their AMC Gremlin and head out to renew their car insurance. “Should be back in two hours,” the mullet-haired driver says on his CB radio.

I was reminded of these commercials while discussing with Attorney General David Eby the latest evolution of our great 1970s public utility, the Insurance Corporation of B.C. The topic was competition for collision and other optional coverage, and how that works – or doesn’t work.

Eby began by denying there is any obstacle for private insurers to compete for optional coverage, which he has argued is the main cause of big increases being faced by new drivers. Private insurers insist there is, and by the end of our chat, Eby was inclined to agree.

Eby’s overhaul of ICBC rates took effect in September, after he vowed to douse the “dumpster fire” of billion-dollar deficits. Contrary to political claims, this is no longer inflated by government scooping revenues. That ended a few years ago, as deficits ballooned due to soaring crash rates, injury awards and legal costs. Basic rates are going up as much as 12 per cent for new drivers, and there are new procedures you’ll face when you go to renew your insurance.

I’ll explain the competition problem by describing how to shop around to see if you can get a better deal on optional coverage than ICBC offers. First, do a web search for “ICBC driver abstract,” to find where you can have your driving history and claims record emailed to you.

If you don’t use a computer, you can call 1-800-663-3051 and have it mailed or faxed to you. (Eby repeatedly told me it’s easy to fax your driver record to an insurance company to get a quote. I reminded him that faxes are no longer an option for most of us.)

RELATED: New drivers paying most for optional insurance, Eby says

RELATED: Drivers can check their ICBC rate with online calculator

You can also have the “abstract” emailed directly from ICBC to a private insurer, if you can find one. Again, the “information superhighway” produces a few search results, but as the Insurance Bureau of Canada reports, there are only a couple of private companies offering meaningful competition in B.C.

Bureau vice-president Aaron Sutherland explained how it looks from an insurance broker’s point of view. Customer walks in, asks for a quote on optional coverage. Chances are he doesn’t have a copy of his driving record in hand, and unlike other provinces, ICBC doesn’t allow competitors to get it directly. Customer either gets coverage on faith, or is asked to retrieve the record and send it in.

The government monopoly controls not only driving records, but geographical accident data, which means private insurers are often steering blindfolded as they take on new customers.

From the driver’s point of view, there aren’t going to be enormous savings here, especially since so few companies attempt to compete with ICBC on unfair terms. Eby assured me that he is concerned about this, and willing to help. But he added that no “policy work” has been done yet.

Sutherland wrote to Eby a year ago, offering to have member companies pay a fee for direct access to ICBC driver information. When I asked him about it, Eby had forgotten about the letter.

Tom Fletcher is B.C. legislature reporter and columnist for Black Press Media. Email: tfletcher@blackpress.ca


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

BCHL’s Alberni Valley Bulldogs set to play in Campbell River after ice rink closure

City of Port Alberni waiting on Technical Safety BC approval to re-open multiplex

Campbell River RCMP investigating after two stabbing incidents Tuesday night

Police are treating each case seperately and have one person in custody

Campbell River celebrates National Child Day on Friday

Annual event at Community Centre recognizes the rights of children and lets them let loose for a day

Free menstrual products coming to NIC Campbell River campus

Project to reduce barriers for students, says NIC president

No danger to Quadra Island residents, says representative for barge parent company

Compressed CO2, corrosion inhibitor among cargo of grounded barge on Quadra Island

VIDEO: Disney Plus gives Canadians a streaming platform that nearly matches U.S. version

The Walt Disney Company’s new subscription platform unveiled a comprehensive offering of nearly 500 films

Nearly half of B.C. drivers nervous in winter conditions: BCAA

‘Wait and see’ approach common practice for 32% of B.C. motorists

Autism support dog refused bus access for being a ‘pet’

B.C. grandmother files complaint with TransLink, calls for better awareness of service dogs

Students plan rally at B.C. education minister’s office as district strike enters third week

Saanich School District students plan to rally outside Rob Fleming’s constituency office in Victoria

Sex assault charge stayed against Port Moody mayor

Rob Vagramov completed an alternative measures program, special prosecutor said

73% of B.C. residents agree with a temporary ban on vaping products: poll

54% say they would not date someone who vapes, Research Co. poll suggests

B.C.’s 13-cent gasoline gap still a mystery, Premier John Horgan says

NDP plans legislation this month, seeks action from Justin Trudeau

Former Vancouver Canucks player suing financial advisors for negligence

Jason Garrison claimed his advisors failed to take his circumstances into account

Group walking on thin ice at B.C. lake sparks warning from RCMP

At least seven people were spotted on Joffre Lakes, although the ice is not thick enough to be walked on

Most Read