A new report commissioned by the Pacific Institute for Climate Solutions recommends that pilot pay-as-you-drive insurance to try BC
PAYD also called a function of distance, based on the use by insurance or kilometer.
Instead of a fixed price of insurance is usually about $ 1200 per car in British Columbia and allows unlimited mileage, PAYD offers drivers a discount if less than the average amount of their region, but loads more if exceed this amount.
PAYD also called a function of distance, based on the use by insurance or kilometer.
Instead of a fixed price of insurance is usually about $ 1200 per car in British Columbia and allows unlimited mileage, PAYD offers drivers a discount if less than the average amount of their region, but loads more if exceed this amount.
The idea is that vehicle owners to get money in their pockets if they drive less, reduce pollution and congestion.
Driving less also leads to fewer accidents and less demand - and thus do not affect the profits of insurance companies.
The Pacific Institute, which was established by the provincial government in 2008 to $ 94.5 million, is headquartered at the University of Victoria, but also includes the University of British Columbia, Simon Fraser University and the University of North BC
According to its mission statement, which was created to better inform climate change policies and actions. "
Driving less also leads to fewer accidents and less demand - and thus do not affect the profits of insurance companies.
The Pacific Institute, which was established by the provincial government in 2008 to $ 94.5 million, is headquartered at the University of Victoria, but also includes the University of British Columbia, Simon Fraser University and the University of North BC
According to its mission statement, which was created to better inform climate change policies and actions. "
As part of this work, the Institute has funded a study of insurance pay as-you-drive in British Columbia by Todd Litman of the Victoria Transport Policy Institute, which came with the recommendation of proof PAYD.
The common and most controversial misunderstanding about PAYD, according to Litman, is that it will put a greater financial burden for rural residents than their city cousins.
"Even if rural people do not drive their vehicles, no more than urban dwellers, only rural residents who have traveled more than the average rural residents would pay more," said Litman. "At least half of rural residents would be able to save money with this."
The common and most controversial misunderstanding about PAYD, according to Litman, is that it will put a greater financial burden for rural residents than their city cousins.
"Even if rural people do not drive their vehicles, no more than urban dwellers, only rural residents who have traveled more than the average rural residents would pay more," said Litman. "At least half of rural residents would be able to save money with this."
Dr. Tom Pedersen, managing director of Pacific Institute believes that PAYD could be "one of the many" ways to fight climate change.
"Frankly, we have to drag everything to get our carbon emissions down," he said. "When I look at the science and I was in the region for over 30 years, it is very disappointing.
"We have a large freight train down the tracks to us now and we must do our darndest best to slow the train down," said Pedersen, who was previously dean of science at the University of Victoria.
He said the report was forwarded to the provincial government, including the Climate Action Secretariat.
Nobody's government responded to the request for an interview Tuesday. ICBC was unavailable for comment before press time.
"Frankly, we have to drag everything to get our carbon emissions down," he said. "When I look at the science and I was in the region for over 30 years, it is very disappointing.
"We have a large freight train down the tracks to us now and we must do our darndest best to slow the train down," said Pedersen, who was previously dean of science at the University of Victoria.
He said the report was forwarded to the provincial government, including the Climate Action Secretariat.
Nobody's government responded to the request for an interview Tuesday. ICBC was unavailable for comment before press time.
It’s fairly unlikely to save a large amount of money over time. People are more likely to spend it if they don’t have a set plan or terms to save the money properly and invest it in a good cause in the future. For parents this cause may be that of their kid’s future. This is why life insurance for children is a good idea that must be considered
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