The rebates will start going out in late May to all personal and commercial customers who had an active eligible basic insurance policy in February.
The ICBC basic rate will remain the same for a sixth year and rebates of $110 will be sent to all eligible customers starting later this month, Premier David Eby said Wednesday.
After it took over from the then BC Liberals in 2017, the NDP government called the corporation a “financial dumpster fire,” as it faced $1.3 billion in losses. The only customers who won’t see rebates are those with average annual premiums of less than $250, typically for golf carts, utility vehicles and temporary operating permits and storage policies.
“It’s not a massive rebate, but it is one less worry for British Columbians,” said Eby. “It’s a little bit of money and it’s a consistent rate that in a time of rising prices is something that they can count on.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Drivers to get $110 rebates from ICBC, basic rate to stay same for sixth yearThe rebates will start going out in late May to all personal and commercial customers who had an active eligible basic insurance policy in February
Read more »
Drivers to get $110 rebates from ICBC, basic rate to stay same for sixth yearThe rebates will start going out in late May to all personal and commercial customers who had an active eligible basic insurance policy in February.
Read more »
$110-rebate coming to B.C. drivers by end of July: ICBC CEONo increase in basic insurance rate until at least March 1, 2026
Read more »
ICBC customers set to receive $110 rebate as basic rates remain steadyTo receive the rebate as quickly as possible, customers are encouraged to update their addresses and sign up for direct deposit or through an Autoplan broker.
Read more »
B.C. drivers to get $110 insurance rebate, with rate increases on hold until 2026VICTORIA — Most British Columbia drivers will get a vehicle insurance rebate of $110 this year and basic renewal rates will remain frozen until at least March 2026. The Crown-owned Insurance Corporation of B.C.
Read more »
B.C. drivers to get $110 insurance rebate, with rate increases on hold until 2026VICTORIA — Most British Columbia drivers will get a vehicle insurance rebate of $110 this year and basic renewal rates will remain frozen until at least March 2026. The Crown-owned Insurance Corporation of B.C.
Read more »