Premier John Horgan. (Tom Fletcher/Black Press)

Premier John Horgan regrets big ICBC rate hikes for young people

‘Glaring examples’ need for more work on insurance affordability

Big jumps in basic car insurance rates for young drivers are a problem the B.C. government is continuing to work on, Premier John Horgan says.

ICBC has overhauled its rate structure for liability insurance, shifting to a private-sector model where high-risk categories pay higher premiums. While this has produced reductions for drivers with long-term safe driving records, it has caused some big increases for new drivers, with some finding their insurance is costing them more than their used cars did.

The new system took effect with renewals starting in September, and citizens and opposition politicians have been highlighting the results.

Asked about the issue Monday, Horgan acknowledged that tackling the Crown corporation’s billion-dollar deficits has been a shock to some drivers, or their parents. Attorney General David Eby has also directed a cap on minor injuries and a new system for settling smaller disputes out of court.

“I’ll remind British Columbians that we inherited a serious problem at ICBC,” Horgan told reporters in Victoria Monday. “Minister Eby has been taking steps to reduce costs for people.

“Certainly there are glaring examples where that’s not the case, and we’re going to keep working on affordability and keep working on trying to get ICBC back to a place where British Columbians can be proud of that Crown corporation, rather than contemptuous.”

RELATED: B.C. drivers can calculate their new rates online

RELATED: What you need to know about new ICBC rates

Horgan is expecting to hear about some of those “glaring examples” this week, as the B.C. legislature began its fall sitting. The issue is high on the B.C. Liberal opposition’s list of items to quiz NDP government ministers about.

Opposition leader Andrew Wilkinson says the 45-year-old monopoly on basic insurance is a relic that has shown it isn’t efficient enough to deliver competitive rates.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Princeton council moves to allow pot shops downtown

The Town of Princeton is hoping to be able to pick and… Continue reading

Flooding water at West Kelowna Tim Hortons closes lane on Highway 97

This story has been updated with more accurate information. Water flooding from… Continue reading

Albas to speak at Summerland Chamber luncheon

Event will be held at Summerland Arena Banquet Room on Tuesday, Feb. 11

Kelowna grandmother scammed of $14,000 in phone scam

RCMP warn of Grandparent Scam in the Okanagan after December incident

Break in artist refuses to be framed

No one is being framed in this break in. According to Princeton… Continue reading

Women take centre stage at NHL all-star skills competition

Canada beat the United States 2-1 in a spirited 3-on-3 game between female players Friday night

Highway 1 closed near Golden for high avalanche danger

DriveBC does not give an estimation for reopening

Second earthquake in two days strikes near Agassiz

A 2.6-magnitude recorded Saturday morning

BCLC opens novelty bet on Harry and Meghan moving to the west coast

Meanwhile, real estate agency points to four possible homes for the family

Canada slips in global corruption ranking in aftermath of SNC-Lavalin scandal

The country obtained a score of 77, which places it at the top in the Americas

Wuhan bans cars, Hong Kong closes schools as coronavirus spreads

Hong Kong leader Carrie Lam said her government will raise its response level to emergency, highest one

In photos and video: Snow collapses cat shelter at Shuswap SPCA

Organization says no cats were injured, help wanted to rebuild

Campfires no longer permitted at Kelowna scout camp

City of Kelowna said they rejected Camp Dunlop’s fire permit due to stricter bylaws

Most Read