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ICBC Car Insurance Change

July 14, 2010
There has been a proposal put forth to change the current method in which ICBC bills drivers for auto insurance. Auto insurance rates seem to be high to some ICBC customers. These customers would like to see a reduction in ICBC rates.

One of the recently proposed measures to change the insurance system and make it more cost per use oriented is to have the rules changed. The new measure would see ICBC charge customers based on how much they drive. Those who drive more kilometers each year would pay more than those who drive their vehicles less.

Some feel that this would be a more fair system as those who are on the road more have an increased chance of being involved in an accident. Some drivers hardly use their vehicles and have them parked in their garage, yet under the current system both groups would pay the same rates holding all other factors constant.

What do you think the new changes which are being proposed? Should drivers who spend more time on the road pay more for their ICBC car insurance?

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Should ICBC car insurance rates be based on the kilometers driven for each vehicle?





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