Under the NDP-Green coalition government, auto insurance is becoming dramatically less affordable for hard-working British Columbians.
They’re slapping band-aids on ICBC, the state-run monopoly set up by the NDP in the 1970s – but the problem is getting worse.
The average BC driver paid $1,585 for auto insurance in 2017/18.
For 2018/19, the NDP government underestimated ICBC’s annual loss by over 40%, proving they can’t be trusted to solve the problem.
There’s no good reason why British Columbians should pay more for auto insurance than their neighbours. According to accounting firm MNP:
- A small business owner who drives a Ford truck for work would pay $2,058 a year for insurance in Surrey, compared to $1,399 in Calgary. That’s an annual difference of $659.
- A family of three that drives a 2012 Honda Accord with no at-fault crashes would pay $1,688 to ensure their care in Kelowna. In Red Deer, they would pay $1,125 – a difference of $563 per year.
- A 26-year old who has no at-fault crashes and drives a 2014 Honda Civic would pay $2,897 for insurance in Vancouver, compared to $2,209 in Calgary, a difference of nearly $700.
BC can do so much better.
A BC Liberal government led by Andrew Wilkinson will finally give BC drivers the choice they deserve – and stop John Horgan from cranking up your auto insurance bill every year.
That’s what Opportunity for all of BC is all about.
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