A report recently released by a Crown corporation in B.C. comparing how auto insurance rates in nearly every province are more pricey than in British Columbia is facing criticism.
The report, commissioned by the Insurance Corporation of British Columbia (ICBC) and conducted by international accounting firm Ernst & Young (EY), was released on Dec. 8 by ICBC, stating that “B.C. drivers pay among the lowest auto insurance rates in Canada.”
The report compared the rates in nine provinces and looked at 30 different driver profiles based on a set of criteria including age, gender, marital status, employment status, years licensed, vehicle, average daily commute, and annual kilometres driven—except from Quebec….