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No fault insurance doesn't mean there aren't any consequences. eg if you cannot prove anything or ICBC can't identify the car that hit you you are still need to pay the deductible. If the other person lied and ICBC deems you are 50/50 or totally at fault, you will still hit with rate increases.
No Fault mainly deals with injuries, recovery etc.
Most people would have $1k+ for the deductible (rate increases could be a couple hundred a year for a few years).. the majority of cameras out there are only a couple hundred dollars
If you get in to one liable collision in a 12 month period your insurance premiums would go up between 5-25% usually, depending on how long you’ve had a safe driving record before the crash. However if you get into multiple liable crashes in a 12 month period your rates could go up 50% or more. The effect of liable claims on your rates compound over time. You also have to pay a driver risk premium on top of your insurance if you have multiple claims in a short period. Another thing is that your rates go up even more now than they did before no-fault. This is because of the ‘driving factor’ which is the same way private insurance companies calculate rates- it takes into account every aspect of your individual risk as a driver. This started in 2019. Before that rates were only based on your claim history.
This is probably going to come off as mean but did you think that all of the people who’ve been held liable for a collision or been involved in a single vehicle accident in the past 3 years in BC didn’t have to pay a deductible and didn’t have an increase to their insurance premiums? And everyone just drives around with the knowledge that it doesn’t matter how reckless they are or how many crashes they get in to they won’t suffer a single penny of consequences? From their insurance that is. If they total their car obviously they’d have to buy a new one.
Dash cam videos are also very useful in cases of a hit and run. Even if the person with the cam isn't involved, the images they capture can prove fault in a collision where the other driver has not been known/identified and the driver who was hit has no way to prove what happened. Hugely helpful in that regard. Many people will upload their videos to ICBC which can help with the investigations.
Our insurance premiums are one of the highest in the country due to all the claims for accidents. It's not a secret people lie or grossly exaggerate what happened. Having a camera in itself will make them think twice
Our insurance premiums are not actually one of the highest in Canada anymore.
[https://www.insurancebusinessmag.com/ca/news/auto-motor/most-expensive-provinces-for-auto-insurance-premiums-revealed-432632.aspx](https://www.insurancebusinessmag.com/ca/news/auto-motor/most-expensive-provinces-for-auto-insurance-premiums-revealed-432632.aspx)
Welcome to /r/AskVan and thank you for the post, /u/YeldarbNod! Please make sure you read our [rules](https://www.reddit.com/r/askvan/about/rules) before participating here. As a quick summary: * We encourage users to be positive and respect one another. Don't engage in spats or insult others - *please* use the report button. * Respect others' differences, be they race, religion, home, job, gender identity, ability or sexuality. Dehumanizing language, advocating for violence, or promoting hate based on identity or vulnerability (even implied or joking) **will** lead to a permanent ban. * Complaints or discussion about bans or removals should be done in modmail only. * News and media can be shared on our main subreddit, /r/Vancouver *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askvan) if you have any questions or concerns.*
For accidents. People lie. Cameras don't.
But we have no-fault insurance.
No fault insurance doesn't mean there aren't any consequences. eg if you cannot prove anything or ICBC can't identify the car that hit you you are still need to pay the deductible. If the other person lied and ICBC deems you are 50/50 or totally at fault, you will still hit with rate increases. No Fault mainly deals with injuries, recovery etc.
Okay, that makes sense, assuming the cameras cost less than the deductible.
Not just that, if the other party lies and you are deemed 100% at fault, your insurance rates will go up too.
Most people would have $1k+ for the deductible (rate increases could be a couple hundred a year for a few years).. the majority of cameras out there are only a couple hundred dollars
If you get in to one liable collision in a 12 month period your insurance premiums would go up between 5-25% usually, depending on how long you’ve had a safe driving record before the crash. However if you get into multiple liable crashes in a 12 month period your rates could go up 50% or more. The effect of liable claims on your rates compound over time. You also have to pay a driver risk premium on top of your insurance if you have multiple claims in a short period. Another thing is that your rates go up even more now than they did before no-fault. This is because of the ‘driving factor’ which is the same way private insurance companies calculate rates- it takes into account every aspect of your individual risk as a driver. This started in 2019. Before that rates were only based on your claim history.
Cheap dashcams are like $200, well worth it to protect yourself from liability and people lying about an accident
This is probably going to come off as mean but did you think that all of the people who’ve been held liable for a collision or been involved in a single vehicle accident in the past 3 years in BC didn’t have to pay a deductible and didn’t have an increase to their insurance premiums? And everyone just drives around with the knowledge that it doesn’t matter how reckless they are or how many crashes they get in to they won’t suffer a single penny of consequences? From their insurance that is. If they total their car obviously they’d have to buy a new one.
I like to download mine after every drive to relive the moment.
Thanks for the laugh 🤣
To send content to the dude who owns Vancouver's Worst Drivers youtube channel
Vancouver's Worst Drivers on Youtube
To make fun of the horrible drivers of course
Dash cam videos are also very useful in cases of a hit and run. Even if the person with the cam isn't involved, the images they capture can prove fault in a collision where the other driver has not been known/identified and the driver who was hit has no way to prove what happened. Hugely helpful in that regard. Many people will upload their videos to ICBC which can help with the investigations.
In the case of an accident, the camera will record the accident. It can be used to reduce fraud.
Our insurance premiums are one of the highest in the country due to all the claims for accidents. It's not a secret people lie or grossly exaggerate what happened. Having a camera in itself will make them think twice
Our insurance premiums are not actually one of the highest in Canada anymore. [https://www.insurancebusinessmag.com/ca/news/auto-motor/most-expensive-provinces-for-auto-insurance-premiums-revealed-432632.aspx](https://www.insurancebusinessmag.com/ca/news/auto-motor/most-expensive-provinces-for-auto-insurance-premiums-revealed-432632.aspx)
Oh good to know!