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

Kootenay Soul Diva: Loud and Proud

Creston’s fiery chanteuse Velle Weitman launches Winter Ale Series with strength and charm

Plan to cover rare train cars approved

Cranbrook History Centre to build timber-frame structure to cover rare train cars.

UPDATE: Tsunami warning cancelled for coastal British Columbia

Warning issued following 7.9 earthquake off Kodiak, AK

Cranbrook’s India Sherret nominated to Canadian Olympic ski cross team

Local skier set to compete at PyeongChang games in February, week after first World Cup medal

Fuel treatment underway in Cranbrook Community Forest

Project manager urges public to avoid area while fuel treatment work is being completed.

Never felt more like singin’ the blues

Vancouver blues legend Harpdog Brown plays Heritage Inn Lounge

Castlegar homicide victim identified

The victim was 38-year-old Jordan Workman of Castlegar, B.C.

B.C. Liberal leadership candidates get one last prime-time pitch

Leadership campaign to be decided in Feb. 3 vote

Andrew Scheer on trade, Trump and Trudeau

Canada’s Conservative leader begins three-day visit to B.C.

Victims restrained, sex toys and cash stolen from B.C. adult store

Armed suspects sought in adult store robbery

Vancouver Islanders ponder need for tsunami siren song

Alarm sounds in Port Alberni but not at the DND base in Esquimalt

Babcock, Goyette and Smyth honoured at Order of Hockey in Canada

Mike Babcock, from Saskatoon, guided the Detroit Red Wings to a Stanley Cup in 2008

Bell Canada alert prompts RCMP, privacy watchdog to probe data breach

Company spokesman: ‘Fewer than 100,000 customers were affected’

Most Read