this post was submitted on 06 Oct 2025
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In BC, Canada, auto insurance is managed by the government. We have low insurance rates to begin with, and then we get a cheque in the mail at the end of the year if they collect more premiums than they pay out. (It's not a straight annual thing, of course. I don't know the details, but over the longer term it's how it works.)
It's kinda weird not having any sales pressure, too. They aren't at all light about upselling extra features. I only just found out that for ~$30/yr, I can add replacement car coverage to my plan. Over a lifetime, that's like $2K to never need to worry about a collision leaving you unable to drive for more than like a day to get a rental.
Didn't always have cheap insurance. The government before this one looted that extra auto insurance pool money to put into the general coffers so that they could claim the budget was in the black instead of the red, rather than send it back to people, and they charged like 50-100% more for insurance to begin with.