A report by the Insurance Bureau of Canada, released on March 15, compares the cost of insuring a vehicle in B.C. Premiums for recreational vehicles are estimated to be up to three times higher in B.C. The insurance board is advocating for private insurance in British Columbia, but the Insurance Corporation of British Columbia (ICBC) responded in a statement that that would not work. In B.C., ICBC is responsible for providing mandatory auto insurance, and basic and optional insurance is sold exclusively through a provincewide network of approximately 900 brokers. "The report is put out by the private insurance industry who would like British Columbians to believe car insurance would be cheaper if they could sell basic insurance in BC," Eby said in the post.

Source: CBC News March 21, 2019 17:39 UTC