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

Pottery show supports Vernon street nurse

Cammy LaFleur Street Nurse Outreach Program benefactor of Nov. 16 show and sale

Special Vernon theatre showing for Dorothy Alexander Centre

Powerhouse Theatre presents Game’s Afoot or Holmes for the Holidays

Silver lining to Vernon poppy tin theft

Vendors, customers at Vernon Farmers’ Market’s customer appreciation day help replenish stolen funds

New Vernon operatory opens doors for more affordable care

Vernon Community Dental Access Centre knocks down barriers for low-income citizens

Vernon car fire deemed suspicious

SUV found fully engulfed with nobody around at 4 a.m. Tuesday on Commonage Road

‘We love you, Alex!’: Trebek gets choked up by ‘Jeopardy!’ contestant’s answer

The emotional moment came in Monday’s episode when Trebek read Dhruv Gaur’s final answer

Birthday boy: Pettersson nets 2 as Canucks beat Predators

Vancouver ends four-game winless skid with 5-3 victory over Nashville

‘Homes not shelters’: Those living on Kelowna streets rally for rights

On Tuesday, Leon Avenue residents came together to demand change

Judge rejects Terrace man’s claim that someone else downloaded child porn on his phone

Marcus John Paquette argued that other people had used his phone, including his ex-wife

Police surround Peachland neighbourhood

The incident in Peachland is now over

Penticton arts, culture and sports programs get boost of over $500,000 thanks to provincial grant

The B.C. Community Gaming Grants program will be distributing $505,900 to 18 local groups

Okanagan school districts reach agreement with CUPE Local 523

The union represents members who provide a variety of services to support students

Petition for free hospital parking presented to MP Jody Wilson-Raybould

What started as a B.C. campaign became a national issue, organizer said

Special theatre showing for Okanagan’s Dorothy Alexander Centre

Powerhouse Theatre presents Game’s Afoot or Holmes for the Holidays

Most Read