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<blockquote data-quote="Pink Elephant" data-source="post: 737499" data-attributes="member: 21572"><p>Yes, here in British Columbia, we have ICBC, which is a Crown Corporation.</p><p></p><p>So for simplicity purposes, say insurance for SOT's car is $1000 a year through ICBC, which is a lot for SOT.</p><p></p><p>SOT, fed up with the high rates she's paying, signs-on with a Private Insurer, who, picks up everything in the way of insurance costs over and above the basics, which by-law, the Crown Corporation is tied to, and in return, a savings is extended your way, because Private Insurance runs cheaper than Government monopolized insurance.</p><p></p><p>On average, just as an example, your $1000 per year would go down $200-$300 a year, so you can imagine the overall savings for households that insure more than one vehicle, along with other miscellaneous things such as boats and trailers and things.</p></blockquote><p></p>
[QUOTE="Pink Elephant, post: 737499, member: 21572"] Yes, here in British Columbia, we have ICBC, which is a Crown Corporation. So for simplicity purposes, say insurance for SOT's car is $1000 a year through ICBC, which is a lot for SOT. SOT, fed up with the high rates she's paying, signs-on with a Private Insurer, who, picks up everything in the way of insurance costs over and above the basics, which by-law, the Crown Corporation is tied to, and in return, a savings is extended your way, because Private Insurance runs cheaper than Government monopolized insurance. On average, just as an example, your $1000 per year would go down $200-$300 a year, so you can imagine the overall savings for households that insure more than one vehicle, along with other miscellaneous things such as boats and trailers and things. [/QUOTE]
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