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

Just Posted

Vees have a short-handed romp over visiting West Kelowna Warriors

The Penticton Vees scored three short-handed goals to take a 1-0 series lead over West Kelowna

Ministry grants SD67 extension to balance books, submit amended budget

The board of trustees voted Monday to acquire outside help to deal with budget concerns

Charges discontinued in 2017 shooting death of Penticton man

The manslaughter charge against Sylvain Demers has been stayed by Crown

Fire crews respond to ‘false malicious’ fire alarm at Penticton business

The Penticton Fire Department was called to a structure fire that turned out to be a false alarm

“Who” dunnit? Penticton RCMP seek midnight masked bandit

If you recognize this culprit and give a hoot, call Penticton RCMP

Clothing, jewelry, purses: RCMP ask court about disposal of evidence in Robert Pickton case

Pickton was sentenced to life with no chance of parole for 25 years for the murders of six women

Ryan nets hat trick in return as Senators beat Canucks 5-2

Ottawa winger received assistance for admitted alcohol problem

Wet’suwet’en hereditary chiefs meet with provincial, federal ministers

Neither party speaking on the groundwork laid for tomorrow’s talks

Couple in crash on Highway 1 mistake Shuswap for Lower Mainland

Chase RCMP report Mercedes Benz collides with transport truck

Speaker ‘will not tolerate illegal activity’ on B.C. legislature grounds, says chief of staff

Chief of staff to the B.C. speaker Alan Mullen says situation with demonstrators appears ‘fluid’

MPs to examine privacy implications of facial-recognition technology used by RCMP

The MPs will look at how the technology affects the privacy, security and safety of children

Dates back to 2009: Calgary police lay charges in fraud involving semi-trucks

Three people from Calgary are facing charges that include fraud over $5,000

Laughing ladies and country artists sell out Okanagan venue

Alan Doyle and I Am Woman, Hear Me Laff! back to back sold out

Revelstoke mother and daughter return home after coronavirus quarantine in Asia

Jensine Morabito and her daughter were on Holland America’s Westerdam but did not catch the virus

Most Read