ICBC Rate Changes
-
ICBC pays insurance brokers $6M ‘transition payment’ for new rate changesIn a letter to brokers in June, ICBC said the payment was in "recognition of additional costs anticipated by brokers when implementing the new model."Sep 12, 2019
-
Early returns suggest majority of people will pay less under ICBC rate structure changeNearly 15,000 British Columbians have renewed their auto insurance under the new ICBC rate structure, and so far a majority have saved money compared to the old plans.PoliticsAug 23, 2019
-
Don’t expect ICBC changes to make it easier on your walletIt is hard to argue against penalizing bad drivers and 'rewarding' good drivers, although the word 'rewarding' may be overstating things a bit.CommentaryAug 17, 2018
![]()
-
Majority of drivers will pay less under new ICBC rates, but high risk drivers will pay substantially moreThe B.C. government has launched a major overhaul to how much British Columbians pay for basic car insurance.PoliticsAug 9, 2018
![]()
