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B.C. government’s ‘luxury car’ solution won’t solve the problem

Todd Stone, B.C.’s minister of transportation and infrastructure, hit the news recently with his announcement that ICBC, the provincial Crown corporation that provide auto insurance, will stop basic insurance for high-end luxury cars worth more than $150,000.This move appears to be an attempt to avoid sky-high repair bills. The recent repair bill for a 2015 McLaren 650S was more than $90,000 and fixing a Ferrari 458 Italia cost ICBC another $88,000. On average the $15,000 repair bill for a luxury car is roughly six times higher than the $2,500 for the typical car. More recently, Stone declared “we’re going to

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