Icbc Rate Structure

• Experienced driver’s ICBC rate hike shows goal posts have moved for discounts

  Despite her 14-year safe driving record, Lisa Wagner was shocked to find her rate went up by 18.75 per cent, adding nearly $400 to her annual bill. 

  Oct 31, 2019
  
• B.C. teen forced to pay annual ICBC bill worth three times the cost of her car

  When calculated annually, Jade Sharp's bill comes to $3,000 — three times what she paid for her used car.

  Oct 2, 2019
  
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• Outrage continues among new drivers forced to pay high ICBC insurance rates

  A B.C. driver was shocked to discover her yearly ICBC insurance rate would cost more than the car she was insuring.

  Sep 27, 2019
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• Young drivers brace for sticker shock as ICBC rolls out new rate structure

  "If I didn't have help from my parents I probably wouldn't be able to afford to drive, considering how much I make," said one young driver.

  Sep 24, 2019
• ICBC pays insurance brokers $6M ‘transition payment’ for new rate changes

  In 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
• New ICBC fee for lending vehicles could discourage designated drivers: MADD

  Attorney General David Eby said the changes should not be seen as punitive to people who are helping keep drunk drivers off the road.

  Oct 3, 2018
• Lend your car out from time to time? There’s now an ICBC fee for that

  ICBC says the new $50 annual premium reflects the fact that one in five cars involved in crashes is borrowed.

  Sep 28, 2018