Political Football

Back in the 1970’s, the British Columbia provincial government took automobile insurance away from private companies. Since then, one has to buy auto insurance from the Insurance Corporation of British Columbia.

ICBC makes money, and governments spend it like water. Consequently, ICBC gets raided to balance the budget.

I recently got a car. It cost me $1484 to insure it for a year. I thought that was somewhat pricey. When a co-worker mentioned that it would cost about $1000 less to insure it in Alberta, the word rip-off occurred to me.

To add insult to injury, a 15% price increase was scheduled to take effect around now so I just missed even worse!