Insuring Visitors to drive my car

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May 27th 2014 | 11:21 am

#16

Former Lancastrian

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Joined: Nov 2011

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From: Somewhere between Vancouver & St Johns

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Re: Insuring Visitors to drive my car

Quote:

Originally Posted by MrFloyd

What exactly is ICBC? Also, is it really recommended to get insurance on top of whatever insurance you already get when you hire the car? That sounds dayum expensive

Insurance Corporation of British Columbia
http://www.icbc.com/Pages/default.aspx

May 27th 2014 | 12:16 pm

#17

scrubbedexpat091

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Joined: Jan 2006

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Re: Insuring Visitors to drive my car

Quote:

Originally Posted by beckiwoo

Especially when it's car insurance in Canada. Just got my renew through Â£250 in the UK for a year!!

In Canada I'll be adding a couple of 0s and a $ sign in front of it!

Especially in BC, even with a 40% discount for claims free, we pay just about double the price for what the same car, drivers and coverage would cost in Alberta.

However like most monopolies, ICBC has no competition and is a royal rip off.

May 27th 2014 | 12:26 pm

#18

Aviator

Joined: Sep 2008

Posts: 12,830

Re: Insuring Visitors to drive my car

Quote:

Originally Posted by MrFloyd

What exactly is ICBC? Also, is it really recommended to get insurance on top of whatever insurance you already get when you hire the car? That sounds dayum expensive

Depends on your risk tolerance. Rental cars come with $200k liability coverage. An emergency and overnight in ICU can cost that. Rental car insurance is the absolute minimum, so they can sell you more.

Many residents of the province get rental coverage through their car policy, so don't need extra coverage.

All insurance is expensive when you don't need it.