Subject: SVY
British Columbians overwhelmingly want competition, choice in auto insurance: poll
VANCOUVER, Oct. 17, 2017 /CNW/ - Seventy eight per cent of British Columbians expressed their desire for more choice and more competition in the province's auto insurance system.
The poll of 1000 British Columbians was conducted between September 25 and October 1, 2017 by Maple Leaf Strategies on behalf of Insurance Bureau of Canada (IBC). The results showed that an overwhelming majority of BC residents want more choice when it comes to auto insurance. Further, 89% of respondents believe that competition will allow them to shop around and possibly save money on coverage.
"Competition provides a powerful incentive for any company to keep prices down, to deliver the best service, and to understand and meet the needs of its customers. Auto insurance is no exception to this rule," said Aaron Sutherland, Vice-President, Pacific, IBC. "These polling results show that British Columbians overwhelmingly want the ability to choose the auto insurance provider that is best for them. Canada's private insurers are eager to better serve BC drivers so that they can take advantage of the benefits of competition and choice in auto insurance."
The poll also touched on the general political climate in British Columbia and how residents feel about the current direction of the province. Perceptions regarding auto insurance are also broken down further using socio-economic indicators, as well as by political affiliations and voter intentions.
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About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada's private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.
P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 120,000 Canadians, pays $9 billion in taxes and has a total premium base of $49 billion.
For media releases and more information, visit IBC's Media Centre at www.ibc.ca. Follow IBC on Twitter @InsuranceBureau or like us on Facebook. If you have a question about home, auto or business insurance, contact IBC's Consumer Information Centre at 1?844?2ask-IBC.
If you require more information, IBC spokespeople are available to discuss the details in this media release.
SOURCE Insurance Bureau of Canada
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