I was just at my insurance agent getting insurance for my cage. She informed me about some interesting news with regards to rates. Seems that one of the private companies has had too many claims with some import cars (Honda and Toyota). The rate increase was over $300 for a regular policy. During the same period ICBC's rates went up less then $100. The private company stated that ICBC's rates were too LOW and should reflect the same kind of increases that they had. Since it is Government insurance they could not do rate increases that drastically. So it shows just what will happen if we go private insurance. It is all good till someone makes a claim. Just wait to see what happens with the private motorcycle insurers if bike thefts stay high.