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Car Insurance Kamloops – KAMLOOPS – With ICBC’s 6.3 percent rate increase starting Monday, a local insurance broker says it would be a mistake for people to reduce their car insurance to save money, and buying insurance from a private company won’t save you much. .
Paul Ross, a junior partner at Emsland Insurance in Kamloops, says from his experience in the business that outsourcing car insurance to a private company does not mean saving.
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“We find that people are always looking around and seeing what they can do to lower their prices,” Ross said. “As a seller, we always make sure that you look at the price, what you are comparing, because the coverage is very important. It will not be different. Customers are different: sometimes they see the savings, sometimes they don’t.
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Ross knows that rate hikes are hurting people’s pockets, but he urges drivers not to delay when it comes to car insurance.
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“Car insurance is where you really want to monitor your insurance. However, we drive large, heavy vehicles on the road at speeds up to 110 km/h, so make sure you get good coverage. If you spend $1,000, you can spend. I -$1,100 and do it right,” he said.
Ross says that B.C. Addressing the challenges of balancing car insurance books. He says provinces like Alberta, which are the envy of others for choosing to opt for private insurance only, are also struggling with the rising cost of auto repairs these days.
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“Technology is really advancing in our society. A side mirror that cost $300 10 years ago now costs $3,000 to replace,” said Ross, which now costs $5,000, all technical details. Insurance must adapt to our technology, our habits and the needs and wants of consumers.
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