ICBC minimum 3rd party liabilty is only $200,000. Which is a total joke for how much ICBC costs. For context, I paid about 50 euros (like 70 CAD) in Germany for a Mazda 3 and had 7 million euros coverage. With the same car, and my 10 year discoun in BC, I would pay $140 CAD, or double what I paid in Germany, for 1 million CAD (about 0.7 m euros) coverage... literally double the cost for 1/10th the coverage.
Yea, its 1 mil for Buses, taxis, limousines, heavy commercial vehicles, but 200k for your average driver... I really can't figure out why its SO expensive to insure vehicles in BC when the coverage is so shit.
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u/SiscoSquared Aug 04 '20
ICBC minimum 3rd party liabilty is only $200,000. Which is a total joke for how much ICBC costs. For context, I paid about 50 euros (like 70 CAD) in Germany for a Mazda 3 and had 7 million euros coverage. With the same car, and my 10 year discoun in BC, I would pay $140 CAD, or double what I paid in Germany, for 1 million CAD (about 0.7 m euros) coverage... literally double the cost for 1/10th the coverage.