ICBC auto insurance

smurf

Just wonder what additional 3rd party coverage do you guys purchase for
automobile insurance ?

The basic 3rd party coverage is 200K, but insurance sales-person recommended me
to go for an additional $1M 3rd party coverage. Is this necessary? I have been a
good driver with no at faullt accidents for the last 10 years and I am enjoying
the highest premium discount of 40% now.

BTW, I usually drive this car alone, and seldom pick up friends, but will occasionally
drive family members. Lastly, I don't own a house, and have very little wealth
in the bank.


All opinions are welcomed.

slamdunk6

How much more do u need to pay for extra 1mil ?

smurf

$200/ yr  (before 40% discount)....

YMMV

閒人一個

乜你撞好多次車0羊?

我攞43% discount (rate group 22), 由二百加到三百萬都係比多三十幾蚊.
剛剛問完agent, 由三百加到五百萬, 加七十幾蚊.

倒番計, 一年加一百萬0米頂多70蚊 (當你無discount).
依家好多撞到 '專業' 人仕, 動不動都可以索償一二百萬, 0甘0岩同時有兩件, 你0米要破產,
三百萬是保險中的保險. 三十幾蚊, 買個安心. 一餐飯都食0左0拉.

smurf

Did you buy the extra 3rd party coverage from ICBC directly or from
an outside company ?


I don't understand......the basic coverage provides $200K only,
and one needs to go up from there. Why do yours start
at $2M? Did you count one more "zero" ??


I haven't been in an accident for a long time (>10 years).

The price is quoted on a per YEAR basis.

BTW, does it matter which ICBC broker I used ?
I use the one in MetroTown near Bay dept. store.

閒人一個

我經icbc買300萬第三者保... base $361 (under rate group 22) 我比$166.

問過我個agent, 轉回200萬, 減約$35, 加到500萬, 要比多約$75.
當然0係一年計. icbc agent邊間都一樣, 最多0的年尾送個日曆比你.

200k??!! 夠賠乜?! 廿年前我就買200萬0拉. 過去十年都己加到300萬.

乜你0吾知好多cases要賠都近二百萬.

你有多餘錢自己賠就0吾使買0拉???!!!

smurf

正話同一個香港人ICBC broker 傾完電話，原來加3rd party insurance:


Coverage.             Premium increase per annum (after 40% discount)
1M -> 2M.                   $47
1M -> 3M.                   $83
1M -> 5M.                   $157


我打算加到三百萬，每年第三保俾$190（after 40% discount).....  

Total Premium: $1360.   十二年新日本中車，好很貴！

slamdunk6

i will think of increase to 3M then