A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Why is car insurance so expensive in British Columbia?

Best Answers

I did not know car insurance in B.C. was high relative to other jurisdictions. I do know it is steadily rising, and I have been given to understand that is the result of increasingly generous legal settlements for injuries. read more

Car insurance in BC includes licence plate costs, so is not as much more than in provinces like Alberta as it would first appear. However, a government-run monopoly has little incentive to keep costs down and has no competition to keep it honest. read more

Steve Kee with the Insurance Bureau of Canada says the average premium in BC was $1,163 per policy last year. He tells us with ICBC being the only insurance provider in the province, that could have an impact on rates. read more

Whether you're heading up the Sea-to-Sky Highway, commuting in Vancouver, or touring the Okanagan Valley, driving in British Columbia is undeniably scenic. But it's also expensive. BC drivers pay the 2nd highest auto insurance rates in the entire country. That's why British Columbians need to shop around for their auto insurance policy. read more

Encyclopedia Research

Image Answers

Alberta Drivers Pay on Average $1,430 annually in Car ...
Source: insureye.com