Private car insurance
a lot more
Does competition in car insurance mean lower rates and better coverage for you?
Looking at provinces with private car insurance, the answer is no. In fact, choice usually means more profits for private insurers, less care when people need it, and more risk for everyone.
Even in major markets, like Ontario or Alberta, only a small handful of multinational insurance companies dominate – continually increasing rates and eroding benefits for people who need care.
Private insurance lobbyists continue to lobby governments to cut benefits provided under basic insurance coverage under the guise of giving people “choice.” Think of it like buying a car but having to pay extra for headlights!
Ultimately, with private car insurance you’re paying more for less care.
Private car insurance discriminates based on age, gender and marital status
Private insurance giants use these factors to discriminate against certain drivers. It means bigger profits for the insurance companies – and a big hit for many drivers.
With BC’s public insurance, your premiums don’t depend on your age, gender or marital status. Unlike private insurers, public insurers do not turn people away. And if you’re a good driver with a good record, public insurance means you pay less – period.
Private car insurance costs more
The insurance companies know it, too. One study published by a private insurance company showed the average premium for drivers in provinces with private-only insurance is seven per cent higher than in provinces with public insurance. In fact, studies from sources including the Government of Saskatchewan have shown that premiums are lower in provinces with public car insurance, like BC, Saskatchewan, Manitoba and Quebec.
Private car insurance takes money out of BC… and out of Canada
With publicly-owned car insurance like ICBC, your premium dollar stays in our province, creating jobs and helping improve road and highway safety. But with giant private insurance companies, that money flows out of the province — and often out of Canada, into head offices in the U.S. and Europe.
Brought to you by front-line workers in public auto insurance in British Columbia, represented by MoveUP, the Movement of United Professionals.