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The original purpose of ICBC was to provide universal and affordable compulsory public auto insurance in British Columbia by operating on a non-profit basis. [3] [4] However, in March 2010, Christy Clark's BC Liberal government announced that it would require ICBC to pay the province dividends totaling some $778 million over three years, thus signaling the end of ICBC's operation as a non ...
Low mileage discount: You could save by driving under a certain number of miles per year, as specified by the insurer. Multiple policy discount: You can often save money on car insurance and home ...
A commonly required liability insurance is $25,000/$50,000/$25,000. Here's how it breaks down: $25,000/$50,000 for personal injury (PI) liability.
Telematics offers a unique one-two punch to the problem of rising auto insurance rates: in addition to delivering discounts to individual drivers, it has the potential to reduce unsafe driving ...
Insurance companies typically offer an initial discount of 5% to 10% just for enrolling in their telematics program, but you can earn larger discounts based on your actual driving behavior.
Usage-based insurance (UBI), also known as pay as you drive (PAYD), pay how you drive (PHYD) and mile-based auto insurance, is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.
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