It's easy to spread out the cost of your insurance with ICBC payment plan. You can choose monthly or quarterly payments on a 12-month policy.
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The finance rate is set at the greater of RBC prime-rate less 1% or 2.5%,
即 finance rate = max (RBC prime-rate - 1%, 2.5%),而现在RBC的prime rate是
根据 https://www.rbcroyalbank.com/rates/prime.html 7.2%,也就是说,如果你还在用按月付ICBC车险的模式,你会面临6.2%的finance rate,如果日后加拿大又降息到0,RBC的prime 2%的时候,你的finance rate就是max(2%-1%, 2.5%)=2.5%。