<edit> I may be banned for typo in title - see you all in two days...</edit>
One more vote for "Yay, I love ICBC!" At least, until they read this and think 'hey, good idea..."
It's a nearly unprecedented solution to SGI's motorcycle rate controversy.
Imagine a telematic device on every motorcycle. It would monitor the bike's location, speed, mileage, acceleration, braking, and even the G-forces experienced during cornering.
This device would collect those numbers and send them to the rider via e-mail every week. Every month, SGI would use those same numbers to determine insurance rates.
SGI is working to set up a pilot program based on this technology to be implemented as early as this driving season.
"It hasn't been done before on motorcycles," says SGI president and CEO Andrew Cartmell. "We think it has a lot of promise.
"Potentially, those that exhibit poor driving behavior either pay more or they don't get a discount depending on how the program would be set up."
Unlike current SGI rates for motorcycles, "it wouldn't matter if you had a sport bike, a Harley Davidson, a touring bike... it makes no difference. It's all based on your driving behaviour. How safely you drive that motorcycle" Cartmell adds.
At least for the pilot program, SGI would pay for the installation and monitoring of the telematic devices. If the program were fully implemented, individual bikers would have to cover those costs. Cartmell says it would be a one-time installation fee of around $100, plus another four to five dollars a month for monitoring.
"The savings that would likely result in terms of fewer accidents would more than offset the cost of installing the device and monitoring charges,” he said.
Cartmell understands that not all riders would feel comfortable with a device that tracks their every move on a motorcycle. But he assures the riding public that everything would remain above board.
"We would do a full privacy impact assessment so that all the checks and balances and all the protocols with respect to how the data is used, what it's used for, and who has access to it is all covered off."
The pilot program received unanimous approval from Motorcycle Review Committee, which is the group of stakeholders formed by SGI last month.
On Tuesday, SGI issued an Advanced Contract Award Notice to try to find a vendor to supply the technology for the pilot program.
Cartmell hopes to have around one thousand motorcyclists sign up for the pilot program as early as this riding season. If everything goes well, a permanent system could be in place as early as next riding season.