Hardie
INSURANCE
CORPORATION
OF BRITISH COLUMBIA

AUTOTOPIC

vehicie
classes
by use
and area

HOW AND where we use
our vehicles figures largely
in the premiums we pay for
auto insurance. ICBC rates
each vehicle according to its
use and its area of opera-
tion by tracking the claims
experience — the number
and cost of claims motorists
make.

Our goal is to collect enough in
premiums for each use in each
area to pay those claims.

ICBC has over 200 different

“vehicle use categories called ‘‘rate
classes." They range from the
senior citizens’ class for passen-
ger vehicles and RV's to commer-
cial classes such as dump trucks
and tracior-trailers,

The premium for each rate ciass

varies according to the risk of a
loss. For example, it costs less to
insure for ‘‘pleasure use” than for
driving back and forth to work
because the claims experience
“shows commuters face higher
risks,
“To give you an idea of the
range in rates, the basic coverage
for a pleasure use in Vancouver is
$861, minus the Claim-Rated
Scale discount. If someone was to
rate the same vehicle for use as a
taxi, the basic premium would be
$7,873, again minus any discount.

The difference in premuim di-
rectly relates to the risk of a loss.

Just as different vehicle uses
represent varying degrees of risk,
so too does the area in which
someone drives. ICBC has set up
14 different ‘‘rating territories’’ in
the province. Like rate classes for
vehicle use, premiums for each
territory depend on the number
and cost of claims motorists
report from each area.

Autoplan premiums are highest
in the Lower Mainland and lowest
in southern Vancouver Island.

ICBC rates most passenger
vehicles according to the area in
which they are ‘‘garaged’’ when
not in use, usually the owner’s
home. However, owners of some
of the larger commercial vehicles
pay premiums according to the
territory in which they use the
unit.

It is extremely important to rate
vehicles properly, by both use and
territory. Autoplan documents
have special sections to note these
details, which motorists must
disclose and confirm when buying
or renewing their policies.

There are serious and potential-
ly costly consequ2nces if someone
‘‘misrates” a vehicle, which we
will review next week.

‘Get ready for Spring & Su
‘Tone your Mazda!

Northshore Mazda service is now open from
8:00 a.m. to 9:00 p.m. Monday thru Saturday.
We're offering 2 Great Evening Specials.
Book after 5:00 p.m. to quatify.

OIL & FILTER

Specialized
Mazda

WE SURROUND-You™. Service
py:

WITH SAT NS

COMPLETE
OVERHAULS

e ENGINES

¢ TRANSMISSIONS
¢ CLUTCHES

* SHOCKS

a

mesg sees eben

Friday, April 10, 1982 —- North Shore News ~ 29

92 CHEVY CAVALIER

4 door sedan, loaded

$11,305 or $223 mo

"92 CHEVY CORSICA 4 door sedan, ioaded
$12,737 or $249 moe

"92 CHEVY LUMINA 4 door sedan, loaded
$15,472 or $298 no

"92 CHEVY ASTRO VAN a pass., loaded
$18,995 or $362 moe

"92 OLDS DELTA 88 _toaded
$22,514 or $433 /mo*

"92 PONTIAC LeMANS 4 door, loaded

$9,943 or SIDA mos

imonth*
92 FORD EXPLORER XIT
4x4, 4 door, auto, AC
$:

V-6, 7 passenges, automatic

‘92 DODGE CARAVAN
7 passenger, V-

$432 smonth*
‘92 NISSAN MAXIMA
GXé, automatic

ISTOM LEASE,

ane nt

VEHICLE LEASING SPECIALISTS

AND SALES

1348 MARINE DRIVE, NORTH VANCOUVER
PLEASE CALL

988-1142

as * Based on 48 month open ended lease with zero down OAC.

INCLUDES freight & PDI, taxes extra. Vehicles may not be exactly as illustrated