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.

Just Posted

Western Speedway racing legend ‘The Flying Plumber’ turns 98

Dave Cooper recalls car crashes, his first win, and more

Second puppy killed by poisonous mushrooms in Victoria

Springer spaniel puppy died after consuming mushrooms in Fairfield neighbourhood

Driver charged in Central Saanich pedestrian’s death appears in court

Victim Kim Ward, 51, died on scene at the August 2018 crash

Langford homeowner helps West Shore RCMP catch car thief

The homeowner grabbed the suspect until the police arrived moments later

Nuisance tree will remain on perimeter of Fireman’s Park

Council re-affirm pledge to protecting healthy tree canopy

WATCH: Greater Victoria’s top stories of the day

A round-up of the day’s top stories

POLL: Do you think the day of the federal election should be a statutory holiday?

Increasing voter turnout has long been a goal of officials across the… Continue reading

Woman, 24, faces life-altering injuries after being dragged 4 blocks by vehicle in Vancouver

A gofundme account says the woman will have to undergo multiple complex surgeries

Fatal overdoses down by 33% in B.C., but carfentanil deaths continue to spike

Carfentanil, an illicit drug more powerful than fentanyl, causing more deaths than ever

Two RCMP vehicles vandalized in Duncan over long weekend

Local Mounties asking for help in finding culprits

A year after pot legalization in Canada, it’s a slow roll

It’s one year into Canada’s experiment in legal marijuana, and hundreds of legal pot shops have opened

ELECTION 2019: Climate strikes push environment to top of mind for federal leaders

Black Press Media presents a three-part series on three big election issues

Most Read