Affordability and choice in auto insurance

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.

In 2019/20, the average will be $1,832 – an increase of $247 per year thanks to the NDP’s mismanagement.

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.

If you agree, please show your support with a contribution of $5 today.

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