ICBC statement on changes to make insurance rates fairer

August 09, 2018

Government today announced the most significant updates to how ICBC’s Basic insurance rates are set and driver risk is assessed in more than 30 years.

The proposed changes are focused on making insurance rates fairer by ensuring drivers are held more accountable for their driving decisions. The goal is to ensure drivers pay premiums which better match their risk.

For more information:

• Government news release