I haven't checked on my ICBC 'basic' coverage yet, but I'm guessing that it will go up a fair amount. Note: I have not made any claims since purchasing coverage last year and I live at the same address.
I received my renewal from Megson-Fitzpatrick today. Last year, I had the bike, accessories, and gear insured for $24000 (Why so high?--in the event of a write-off, they will replace with new for the first 3 yrs) with a $500 deductible. Premium for 1 year was $773.
This year, I reduced the declared value to $17000, but the premium has increased ~29% to $999. Ouch!
If I opt for a $1000 deductible, the premium drops to $767. I'll probably go this route.
Are other MF customers experiencing a similar increase? I'll be interested to see how much ground they've made up on ICBC's rates for collision and comp.