Cost of basic insurance last year $1155
Discount of 15%
An at fault accident a year and a half ago finally caught up to me
Cost of basic insurance this year $1847
Surcharge of 30%
Difference of $692
I might have the option to pay the claim out $4-500 but risk having the injury claim being settled and not being able to pay the claim out and having my insurance go up anyways.
Do I start paying more for insurance now and slowly work back to my discount?
Or do I pay out the claim and hope I am lucky and there is no injury claim? But risk having my insurance go up anyways and losing a year of working back to my discount?
Somebody in all their infinite wisdom about ICBC and insurance help me?