Most drivers in British Columbia will receive a $110 vehicle insurance rebate this year after the Insurance Corporation of B.C. announced strong investment and financial returns.
Premier David Eby also announced that basic vehicle insurance rates will remain frozen until at least March 31, 2026, making it six straight years with no increase.
Preliminary financial results show ICBC will make a net income of $1.5 billion this year, which includes the $400 million cost of the rebates.
All personal and commercial ICBC customers who held an active basic insurance policy in February 2024 are eligible for the rebate.
Rebates will begin being processed later this month.
Meanwhile, in Alberta they are un-freezing rates, “good drivers” are limited to a 4% increase, and any driver with some sort of a claim on record is about to get dry-fucked by the for-profit insurance companies again.
Remember if you’re in Alberta you can email that to your rep and be like “Why the fuck aren’t we getting rebates?” They only move when forced to, so force them.
Absolutely, and to wit, there is yet another bloody “public consult” going on right now, and everyone in Alberta should absolutely complain:
You should absolutely post this in c/alberta. Maybe they will actually get something done here.
Wow awesome news!
Thanks for the coffee, icbc
