Radar Identified wrote:
My view on this probably won't be popular, but it comes from having plenty of relatives and friends who have dealt with both systems. Public insurance has lower rates for drivers, but they also have lower payouts for people who get injured (substantially lower). ICBC had a particularly insidious advertisement, where they showed how they treated younger drivers the same as more experienced drivers, with the same rates. Sounds great, but what they didn't say was that they only covered a fraction of the damage to the vehicle for younger drivers. In other words, if you crash as a young driver in BC, you are toast. That may have changed recently, but that was how they did things.
Public or private, you get what you pay for. Public insurance is great, if you don't have a crash. If you do have a crash, it's better to have private insurance.