Even after massive changes at ICBC, British Columbians are still paying more for car insurance than Albertans, according to a new report.
A study conducted by MNP on behalf of the Insurance Bureau of Canada, a group advocating for private insurance companies, found British Columbians are paying up to 42 per cent more for insurance compared to Alberta drivers.
“This report is just the latest example of the cost of ICBC’s monopoly and is more evidence that drivers need the options to shop around and it’s an option they have on the other side of the Rockies,” Aaron Sutherland, IBC vice-president, Pacific, said.
“The big difference between Alberta and B.C. is who you are buying your insurance from. In Alberta you have a choice. Here you have to buy from ICBC’s monopoly.”
WATCH (aired October 2, 2019): More outrage over ICBC rates for young drivers
More outrage over ICBC rates for young drivers
But the B.C. government doesn’t buy the new report.
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