2001 Comparison of Automobile Insurance Rates in Five Canadian Cities
Since 1998 there has been increasing public discussion about the merits of moving from ICBC’s current monopoly over British Columbia’s basic auto insurance market towards more open competition. This interest in open competition is driven by the assumption that the vast majority of consumers would pay much lower auto insurance rates if BC’s existing public auto insurance system was fundamentally changed. It was this assumption that led the CAC(BC) in 1999 and again in 2001 to conduct a rate survey comparing insurance rates in five urban cities across Canada.
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