B.C. Attorney General David Eby has vowed to clean up the financial ‘dumpster fire’ that is ICBC. (Tom Fletcher/Black Press)

New drivers pay most for optional ICBC coverage, David Eby says

Basic insurance only up ‘about $200’ as rate overhaul takes effect

New drivers facing big ICBC insurance bills should shop around for private optional insurance, Attorney General David Eby says.

Eby was asked Thursday about reports of large increases being faced by young drivers since ICBC’s new rate structure took effect in September. He said the largest increase in basic insurance faced by a new driver is 12 per cent, or about $200 per year.

“I’ve heard a lot of concern in particular around young drivers,” Eby told reporters at the B.C. legislature. “Most of the concern focuses on the optional side, which is above and beyond what you need to legally drive in British Columbia – collision insurance, third-party liability. This is an area where the private sector also competes with ICBC.

“One of the things that I’ve suggested is that if the private insurers believe they provide more affordable insurance for British Columbians, especially inexperienced drivers, they should do so.”

RELATED: ICBC customers can calculate their rate online

RELATED: Horgan regrets higher rates for young drivers

Eby said he’s open to rate changes to make insurance more affordable, but the first priority is dealing with billion-dollar annual deficits at the Crown corporation. Capping minor injury awards, diverting smaller disputes from courts to an independent panel and restrictions on expert witnesses have been imposed to slow increasing court costs.

The other big problem for ICBC is rising accident rates, and the province has focused on distracted driving, particularly cell phone use. Intersection cameras in high-accident urban zones have also been overhauled to convert them to speed cameras, generating tickets by mail in addition to their earlier function of ticketing drivers who run red lights.

The changes are designed to bring down rates over time for all drivers, including young drivers, Eby said.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislatureICBC

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Collision snarls traffic west of Sorrento

Reports on social media suggest the crash involved two semi trucks.

Princeton RCMP arrest suspects in violent Salmon Arm home invasion

Two men who allegedly staged a violent home invasion in Salmon Arm… Continue reading

Interior Health will not expand Police and Crisis Team

Southeast Division Chief Superintendent Brad Haugli asked IH to expand the program

Haze over Okanagan and Shuswap skies may have drifted from Siberia

Few active wildifres so far this summer in B.C.

Shuswap Lake algae bloom being monitored, not considered harmful

Dangerous toxins not found in June 30 water quality test

UPDATE: Military reservist facing 22 charges after allegedly ramming gates at Rideau Hall

The man, who police have not yet officially identified, will be charged with multiple offences

Intent of killing at centre of Surrey man’s Okanagan murder trial

B.C. Supreme Court Justice Allison Beames is anticipated to return with her decision in August

Kelowna neighbourhood pond dries up again

The RDCO filled up the pond on Hall Road but it’s drying up again

Penticton RCMP seek help locating missing woman

25-year-old Iesha Blomquist was reported missing to Penticton RCMP on June 30

Car smashes into Kelowna dollar store

The vehicle went through the front window of the store just off Highway 97 North

Majority of residents in support of alcohol in outdoor spaces: City of Penticton

City council will vote on whether to continue allowing public consumption, on Tuesday, July 7

LETTER: Questions raised about Summerland solar project

Site of proposed project has been considered for previous initiatives

Alberta health minister orders review into response after noose found in hospital in 2016

A piece of rope tied into a noose was found taped to the door of an operating room at the Grande Prairie Hospital in 2016

Mini prom celebrates 13 Lake Country grads

Grad’s sister marks occasion with small prom for close friends from quarantine Class of 2020 amid COVID-19

Most Read