Reduce single day ICBC rates to encourage mixed use transportation
As an incentive to get people out of their vehicles and onto public transit more frequently, we are proposing a reduction in the fees for daily insurance, and a more user friendly alternative of purchasing daily insurance online.
Current daily insurance rates cost $25 and require a visit to a local Autoplan broker.
Average annual coverage in 2005 was $1079 or or $2.96 a day.
As a comparison, a person paying for 2 days a week, or every weekend would pay $2600 a year.
For most drivers this cost difference and the need to travel to a broker forces them to purchase yearly insurance and therefore encourages them to make use of this insurance and commute via car daily.
We propose a quicker, cheaper daily use model such as online purchasable and printable insurance that will encourage people to use their vehicles part time and find alternatives such as transit, biking and walking on other days.
If the government is truly concerned about climate change creating viable alternatives and appealing to persons wallets is the shortest route to such ends.
Outside City jurisdiction, so City’s role is limited to advocacy. The City supports auto insurance schemes that better reflect the marginal cost of driving (i.e. the cost of the next trip), to send better pricing signals to help citizens make more informed travel mode choices.