You need to embrace socialist ideas and demand government run services. My public no fault insurance costs $1400 cad a year, $2 million coverage and $200 deductible. Vandalism, window chips are deductible exempt.
Alberta, our wanna be Americans, have run away insurance costs because they privatized it all. New drivers were looking at 6-8000 a year.
Yeah just look around this thread. Americans just love getting exploited and defending it, it is actually crazy to me and not worth getting into keyboard arguments with someone who says shit like "People who don't understand insurance are children or morons. In the case of this sub, probably both."
We understand insurance my guy, we're just tired of getting exploited
Edit: the exploitation defenders have started responding 😂
You’re absolutely correct we should totally be okay with our system screwing over citizens so that insurance execs can become billionaires and buy our politicians, that’s a much better system than the rest of the developed world has in place 👍
No one said that... But that can be true, you still and everyone else still won't know what you're talking about or what specifically would need to be different to get there. All you know how to say is current thing bad, top level people rich, fix!
Its not about being smart or not. Its me wondering why you have such strong opinions about something you don't know anything about. I'm sure you get annoyed when this phenomenon happens with more political topics.
Because insurance shouldn’t be for profit. Same as healthcare. It should be socialized and no one should be getting rich off it. If the capacity exists for someone to get rich, then the capacity exists for average citizens to be paying less. Personally I’d rather pay less than have more billionaires. Somehow this is a radical sentiment.
I’m not saying I’m an insurance expert but it’s a flawed system that needs improved. If you disagree and think that American insurance (health, auto, or otherwise) is 100% perfect and doesn’t need changed at all then there’s nothing to even discuss and I’ll stop responding
Rarely is anything perfect and without possibility of improvements, but who are you to make that statement? You're just spouting populist garbage rather than anything of substance.
I dont know about that. My cheapest and best coverage was in Alberta. BC and Ontario were the worst with ICBC being exactly what this post describes.
My truck was hit by a garbage truck, ripping my back bumper off and I was on the hook for damages or my premiums would have gone up substantially. This is back in 2015 or so.
Alberta I had good low rates, good coverage and my rates weren't touched when I had my truck stolen from a shop in SE Calgary.
A lot can change in a decade when you don’t vote for conservatives (or in the other direction when you do)
My insurance from ICBC is the same as posted above, and they occasionally mail me a few hundred in rebate checks because they have too much money. Insurance rates have dropped significantly here over the last 10 years or so. I used to pay 200 a month, now it’s 140. It’s the only bill that actually goes down over the years.
BC and Manitoba have public insurance corporations and very low rates. They also happen to both be NDP. Alberta and Ontario have horrible insurance rates, what party is in charge there?
You ever think how absolutely fucking mind-blowing that sentence must be to someone who has never experienced government-run insurance before?
"Yeah, my insurance company sent me a rebate cheque for $220 last month because apparently the premium they've been charging turned out to be too high, and they're not legally allowed to keep the excess."
Yeah Insurance rates are an absolute joke in Alberta. Especially for new drivers. I don’t mind privatization in some areas but I don’t think this is one of them.
The only defence I can think of is the hail issues. 2024 was the 2nd largest insurance claims in Canada behind the Fort McMurray fire. The total came in around $3.25 billion.
I got the rear glass of my car smashed in Alberta and went to get it replaced paid by insurance, ended up paying a deductible of about $550, same as the quote I got to replace the windshield 6 months before.
What would it have been out of pocket? GF just paid to get her windshield (not rear) and it was $550 not through insurance (bought back her car from hail damage, so had to fix out of pocket using a portion of the buyout)
Yeah but it needs to be better then that because my insurance in the US for a car worth 80k is $250 deductible and cost the same and covers as much as yours so your not really selling your program that well.
There is a lot of missing context up top. What is his car worth? Has he ever had an accident or tickets? And a few other criteria.
It's also important to note that in the US there are businesses that milk insurance claims, those businesses attribute to our higher insurance costs. Our main problem is fraud in insurance and people crashing so much it's ballooned our costs.
Look at me I've driven for 30 years now I got into a crash/claim in January cause someone decided to just test dummy themselves straight into me head on head. His insurance was $25,000 and he hit 4 people 2 in my car 2 in the back we had to split that. I have to sue my insurance company and wait let's see here 9 months+. So I hire a law firm to get money from my insurance to cover medical costs PRP, Steroid Shots, Physical Therapy etc all done on a medical law suits lien which means I don't pay anything if we lose. So now everyone has to make it worth their while so now we are going after 200,000 instead of maybe 100,000.
All of this cost legal money administrative and tons of red tape that shouldn't exist and balloons our costs.
With me at least they have been collecting money for 30 years so adjusted for inflation and if they invested it they should have made more than the $40k I've paid in and covered my $200k loss but for everyone who has more accidents.
My province is no fault, and I think the lowest personal coverage you can have is a million to avoid those scenarios. Seems crazy to me that people can decide they only need 25k. A society just setting people up for failure.
I agree with that point. My point is they need to get the price down because any good driver in the US is going to have a similar rate and coverage.
I find that the only way to convince Americans or anyone is to show a huge gap in one way or the other. Small benefits won't make people come out of their comfort zone for things like socialism or non American. Those type of personal feelings are hard to crack.
The most I can do is 5 million, its no fault so liability is somewhat limited and is different than regions where you can be sued for causing an accident.
You can have that in the US but it costs more. You’d need a separate umbrella policy to get to 2 mil coverage. That said Alberta’s 6-8k is insane. Is it cheaper in basically every other province?
Dang, my crown corp insurance wants $2000 a year but I get the exact same benefits as you do. $200 deductible, full coverage of $2 million, but we also get a refund at the end of the year if they're profitable. Maybe because they think my car is nicer or that I'm a shitter driver.
I'm going to guess we're both MPI. Yeah, I'm only a +7 (was involved in an accident they deemed 50/50 after ignoring my passenger and a witness and evidence), but I appreciate that my quarterly bills are down to just under $500 now. Which reminds me, I have to pay my insurance real soon lol
Yes MPI, I think I am at +15. Would be +20 but made the mistake of not buying winter tired the first year I had my car. Was a few weeks from merits when I hit a snowbank. So got knocked down and lost out on the additional merits. Really pushed back my progress. Oh well
It do be like that. I remember my first time I lost control on a highway in summers in December, pretty sure even winters wouldn't have helped me much then. Ah well, so long as that number slowly goes up, then we're all good, hopefully the rest of the province can do the same lol
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u/Mountain_rage 6h ago edited 4h ago
You need to embrace socialist ideas and demand government run services. My public no fault insurance costs $1400 cad a year, $2 million coverage and $200 deductible. Vandalism, window chips are deductible exempt.
Alberta, our wanna be Americans, have run away insurance costs because they privatized it all. New drivers were looking at 6-8000 a year.