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Private Insurance Options for Auto Insurance in Victoria, BC
Q: Is ICBC the only company in BC for Auto Insurance?
A: ICBC has the exclusive right to provide the mandatory $200,000 of third party liability insurance and accident benefits coverage, along with $1,000,000 of under-insured motorist protection (UMP). This is generally known as the “Basic Autoplan Coverage.”
All other car insurance is considered “OPTIONAL” and you may buy this insurance from ICBC or from other insurance companies.
Q: Do you advise people to buy OPTIONAL INSURANCE?
A: We recommend people buy a minimum of $3,000,000 liability insurance from ICBC; the $200,000 Basic plus $2,800,000 Optional.
We assess your insurance requirements and may recommend that you consider comparing the Optional Insurance coverage for damage to your vehicle, Collision and Comprehensive coverage, with other insurers.
Q: Why compare insurers for Optional Coverage?
A: Every customer's needs and circumstances are different. Here are some considerations:
- Premiums do vary between insurers;
- Deductible options and premiums vary between insurers;
- Your driving record, age, and type of vehicle are factors that insurers value differently and this affects the premium;
- Some insurers offer service features that can reduce the vehicle repair times, such as Intact Insurance's policy to “take your word for it” with respect to who is at fault in an accident;
- Insurers that operate outside of BC will quickly allow you credit for your accident-free driving record in other parts of Canada;
Let the qualified staff at Discovery Insurance help you discover the right insurance plan for you and your vehicle.
Discovery Insurance is:
- Open seven days a week, yes including Saturday and Sunday. We are also open until 9pm Wednesday, Thursday and Friday.
- Conveniently located in the Hillside Shopping Mall across from Bolen's Books.
- Staffed by friendly, licensed staff to ensure you get the coverage you need efficiently and with a smile.