BC resident hails ICBC reduction, calls for more

Picture showing a red sedan car parked in a driveway.
BC drivers eligible for premiums beginning March. Photo by CFUV.
Yetunde Bada - CFUV - VictoriaBC | 03-02-2021

A Victoria resident says the 15 per cent drop in car insurance rates proposed to take effect on May 1 is laudable but rates could be further reduced.

Resident Angela Sutton, speaking to CFUV 101.9 FM, says for most of 2020, people worked from home, rate of accidents reduced drastically and the roads were hardly utilized.

The province says the decrease in premiums is the largest in 40 years, while ICBC says that beside the reduction in basic rates, it is looking to add a decrease of five percent in optional coverage.

BC Premier John Horgan has also announced that BC drivers would be getting a partial one-time refund on their car insurance beginning mid-March.

The reimbursement could be between $190 to $400 per driver.

Here is Sutton speaking with CFUV:

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