ICBC rates go up 6.4 per cent Nov. 1

B.C. motorists will pay an average increase of $4.75 per month for basic insurance coverage

ICBC rates increase 6.4 per cent for basic coverage today.

Announced in September, Attorney General David Eby said the rate hike comes after ICBC recorded its largest loss in history.

The basic rate increase translates to $57 a year more for the average B.C. driver on basic insurance.

For drivers who also have ICBC’s optional insurance coverage, a series of quarterly increases in those rates mean the average driver will be paying $130 a year more by next year.

Drivers with at-fault crashes now also face steeper rate increases than are currently assessed.

With files from Tom Fletcher


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

VIDEO: North Island’s 2019 Local Hero Awards

The Local Hero Awards ceremony created a platform for stories that make our communities strong.

Resident thinks Furney Place could potentially be a dangerous road, wants cement barriers installed

“I acknowledge that although speed is not a factor in my concern, aged drivers and distractions are”

‘Out of the Interior: Survival of the Small-town Cinema in British Columbia’ is coming to Gate House Theatre in Port McNeill

On Saturday, June 8 at 7:00 p.m., ‘Out of the Interior’ documentary will screen at Gate House Theatre.

North Island Rising: Political polarization

This fall there will be a minimum of four candidates wanting your vote here on the North Island.

Bradshaw’s Photo Highlight: The last walk together

“I would give almost anything to be able to have another walk together”

Police say it’s “impressive” no arrests were made after Raptors celebrations

Toronto will play the Western Conference champion Golden State Warriors next

Social media giants in hot seat as politicians consider regulations in Ottawa

Committee members will also grill representatives from Facebook, Twitter

Wildfire crews watching for dangerous wind shift in High Level, Alta.

The Chuckegg Creek fire is raging out of control about three kilometres southwest of the town

UN urges Canada to take more vulnerable Mexican migrants from Central America

The request comes as the United States takes a harder line on its Mexican border

Mistrial declared in Jamie Bacon murder plot trial

Bacon was on trial for counselling to commit the murder of Person X

B.C. VIEWS: Money-laundering melodrama made for TV

Public inquiry staged to point fingers before 2021 election

Canadian homebuyers escaping high housing costs by moving to secondary cities

In British Columbia, exurbs have grown in the Hope Valley and Kamloops

Feds lay out proposed new rules for voice, video recorders in locomotives

Transport Canada wants to limit use of recorders to if a crew’s actions led to a crash

Most Read