ICBC has seen savings on crash and injury claims in the COVID-19 pandemic, with traffic on B.C. roads reduced. (Penticton Western News)

ICBC has seen savings on crash and injury claims in the COVID-19 pandemic, with traffic on B.C. roads reduced. (Penticton Western News)

ICBC opens online calculator for rate savings starting in May

Bypassing courts expected to save 20% on average

The Insurance Corp. of B.C. has launched an online estimator to let people calculate their savings from the NDP government’s removal of court cases from most accident and injury cases.

The new system takes effect in May, and is expected to reduce ICBC rates for mandatory basic and optional vehicle insurance by an average of 20 per cent or $400 a year. The online estimator is at icbc.com/enhancedcare and it shows how much each customer can expect to save based on their renewal date and their costs in the current year.

The estimator requires customers to log in with their driver’s licence and vehicle plate numbers to see their renewal cost for 2021, which will vary depending on how much their current Autoplan policy extends beyond May 1. Farnworth said it can also show the result of changes in coverage, such as the addition of a new driver or added optional insurance coverage.

Farnworth said Jan. 26 he will be announcing a rebate for ICBC customers soon, based on savings to the corporation in 2020 as the COVID-19 pandemic reduced travel, crashes and insurance claims.

RELATED: ICBC applies for 15% rate decrease as lawyers pushed out


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislatureCoronavirus

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

Just Posted

The 5th Street Bridge requires structural improvements, new coating to repair and prevent corrosion, and deck repairs. File photo
City of Courtenay awards contract for 5th Street Bridge project

The City of Courtenay has awarded the contract for the rehabilitation of… Continue reading

Pumpjacks pump crude oil near Halkirk, Alta., June 20, 2007.THE CANADIAN PRESS/Larry MacDougal
Gas prices jump in the Valley – and experts predict prices to rise even more

“We still could be talking about record prices…”

NIC Practical Nursing instructor Barb McPherson (right) is pictured with student Rebecca Wood in 2018 in NIC’s SIM lab. NIC photo
Learn about Practical Nursing opportunities for Island students

Students interested in exploring a future in health care are invited to… Continue reading

The Comox Valley Cycling Coalition is hoping to see more bike lines in the Cumberland area. Photo by Mike Chouinard
Cycling coalition wants better bike links for Cumberland

Group says members want more connections with Comox Valley

The Courtenay Legion has identified 16 homeless veterans living in the Comox Valley. File photo
Courtenay Legion unites with Qualicum to help homeless veterans

Last year’s Point-in-Time (PIT) homeless count conducted in the Comox Valley identified… Continue reading

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Older rental apartments are prime candidates for renovations, and could result in lost affordable housing stock. (Zoë Ducklow photo)
B.C.’s renoviction overhaul a good start, but won’t preserve affordable stock, lawyer says

And still no protection for people who can’t pay rent due to COVID-19

Activists from the Fairy Creek Blockades hold the injunction application notice which was submitted by logging company Teal Jones to the B.C. Supreme Court. The application, which asks to have blockaders removed from the sites that stop access to cut blocks, is set to be heard on March 4. (Photo contributed/Joshua Wright)
Activists hunker down to protect Fairy Creek near Port Renfrew from logging

Forest company Teal Cedar applies for injunction to remove seven-month-old blockades

(Photo by Marissa Baecker/Shoot the Breeze)
B.C. WHL teams to hit the ice with Kelowna, Kamloops hub cities

Kelowna, Kamloops centres chosen to host B.C. WHL teams for 24-game regular season

The victim of the homicide on Cowichan Lake Road early Monday morning was 17 years old, and was stabbed in the incident. (File photo)
Duncan homicide victim was 17 years old

RCMP report that teenager was stabbed

(File photo)
RCMP arrest man after report of gun-toting threat-maker near Parksville schools

43-year-old man taken into custody; students at nearby schools were asked to stay inside

The machines are akin to ATMs and allow drug users at risk of overdose to get hydromorphone pills dispensed to them after their palm has been scanned to identify its unique vein pattern. (CANADIAN PRESS)
Feds dole out $3.5M for ‘vending machines’ to dispense safer opioids in B.C.

The machines are located in four cities across Canada, including Vancouver and Victoria

Most Read