Status: Closed — this petition is no longer accepting signatures.
Final supporters
In Canada, six provinces (Alberta, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland & Labrador) rely entirely on private insurers to provide auto insurance. Saskatchewan and Manitoba are much like BC in that government-owned insurers have a monopoly over basic auto insurance but compete with private companies in the market for optional insurance coverage. Quebecs government monopoly for basic coverage does not compete with private insurers for optional insurance.
A 2011 Fraser Institute study comparing automobile insurance premiums found that from 2007 to 2009, auto insurance has been the most costly and least affordable in British Columbia, Ontario, Manitoba, and Saskatchewanthree of which are provinces with government-run auto insurance monopolies.
Given the recent ICBC executive pay revelations and the fact that BC has among the highest premiums in the country, drivers should be asking why the provincial government continues to restrict competition and consumer choice.
The benefits of privatizing crown corporations are well established in the academic literature. For example, renowned privatization experts, Professors William Megginson and Jeffry Netter, provided the most comprehensive review of worldwide privatizations in a 2001 study published in the prestigious Journal of Economic Literature. They found both short- and long-term benefits to economies undertaking privatizations. In the short term, taxpayers gained through one-time revenues from the sale of government assets. In the longer term, privatization improved firm performance and increased economic growth.
If British Columbians want cheaper automobile insurance and an end to politicized staffing and pay at ICBC, privatize it.
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Updates
April 27, 2017
The momentum is undeniable now. People are clearly ready to hold the system accountable.
31 Comments
Would prefer option to use private insurance for many reasons including the ability to integrate with other insurance I have with National and Global companies
I will support any candidate who will privatize ICBC. The government doesn't insure my house and nor should they insure my car. There is no competition for this organization and their rates and lack of options reflect this.
No online payment option? You ask for so much money, but don't spend a penny on customer service. And it's OUR company
Enough with the never ending increases. Road Star drivers are paying for the never ending bad drivers and it's getting worse. Their rules are not about saving lives but about filling their pockets with our cash.
The reason the BC Liberals don't privatize auto insurance is that they can raid ICBC for huge amounts of cash when they feel like it. Just before the last election that made Christy Clark Premier, the BC Liberals took $ 24 million dollars of our money out of ICBC and used it as they saw fit. That is just WRONG.
We should be able to pick our insurance company, no be forced to use this terrible ran company. You should nor be in the insurance business. I am paying for the bad drivers and I am fed up. MONOPOLY.
End the tyranny
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Status: Closed — this petition is no longer accepting signatures.
Final supporters
In Canada, six provinces (Alberta, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland & Labrador) rely entirely on private insurers to provide auto insurance. Saskatchewan and Manitoba are much like BC in that government-owned insurers have a monopoly over basic auto insurance but compete with private companies in the market for optional insurance coverage. Quebecs government monopoly for basic coverage does not compete with private insurers for optional insurance.
A 2011 Fraser Institute study comparing automobile insurance premiums found that from 2007 to 2009, auto insurance has been the most costly and least affordable in British Columbia, Ontario, Manitoba, and Saskatchewanthree of which are provinces with government-run auto insurance monopolies.
Given the recent ICBC executive pay revelations and the fact that BC has among the highest premiums in the country, drivers should be asking why the provincial government continues to restrict competition and consumer choice.
The benefits of privatizing crown corporations are well established in the academic literature. For example, renowned privatization experts, Professors William Megginson and Jeffry Netter, provided the most comprehensive review of worldwide privatizations in a 2001 study published in the prestigious Journal of Economic Literature. They found both short- and long-term benefits to economies undertaking privatizations. In the short term, taxpayers gained through one-time revenues from the sale of government assets. In the longer term, privatization improved firm performance and increased economic growth.
If British Columbians want cheaper automobile insurance and an end to politicized staffing and pay at ICBC, privatize it.
Updates
April 27, 2017
The momentum is undeniable now. People are clearly ready to hold the system accountable.
31 Comments
As a former Alberta resident I am completely in favor of privatizing insurance. Service improves and prices decrease. ICBC was lined up out the door when I renewed my DL.
Would prefer option to use private insurance for many reasons including the ability to integrate with other insurance I have with National and Global companies
I will support any candidate who will privatize ICBC. The government doesn't insure my house and nor should they insure my car. There is no competition for this organization and their rates and lack of options reflect this.
No online payment option? You ask for so much money, but don't spend a penny on customer service. And it's OUR company
Enough with the never ending increases. Road Star drivers are paying for the never ending bad drivers and it's getting worse. Their rules are not about saving lives but about filling their pockets with our cash.
The reason the BC Liberals don't privatize auto insurance is that they can raid ICBC for huge amounts of cash when they feel like it. Just before the last election that made Christy Clark Premier, the BC Liberals took $ 24 million dollars of our money out of ICBC and used it as they saw fit. That is just WRONG.
We should be able to pick our insurance company, no be forced to use this terrible ran company. You should nor be in the insurance business. I am paying for the bad drivers and I am fed up. MONOPOLY.
End the tyranny
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As a former Alberta resident I am completely in favor of privatizing insurance. Service improves and prices decrease. ICBC was lined up out the door when I renewed my DL.