ICBC deals with hundreds of accident claims each week, with injuries and repair costs rising. (Black Press Media)

ICBC insurance renewals get more complicated this year

Crash history, driver risk prompt more reporting requirements

B.C. vehicle owners are beginning to be notified of insurance changes taking effect this fall, with extra information and in some cases extra fees required to renew.

The changes are part of an effort to control ballooning claim costs and deficits at the Insurance Corp. of B.C., by shifting costs away from vehicle owners and onto high-risk drivers. At-fault accident claims after June 10 are being calculated to set the new optional insurance rates that take effect with renewals from Sept. 1 forward.

For renewals after Sept. 1, vehicle owners are asked to list secondary drivers who are expected to use the vehicle, with their driver’s licence number and date of birth. An up-front charge for unlisted additional drivers was dropped after negative feedback from customers, and now unlisted extra drivers will cost the principal driver $50 per year only if they cause a crash while using the car.

Learner drivers must be listed for each vehicle, and a learner premium of between $130 and $230 per year applies, depending on the region. Urban areas generally have higher accident rates and regional rates for all drivers are adjusted to reflect the risk.

Owners who drive a vehicle fewer than 5,000 km a year should take a picture of their odometer reading when they renew insurance. If they remain below 5,000 km in the coming year, they will be eligible for a discount.

RELATED: NDP defends speed cameras at 35 intersections

RELATED: Province starts testing intersection speed cameras

Driver infractions have always been a factor in insurance rates, with penalty points incurred, but the new rules add to that. If there are two minor infractions such as speeding or running a stop sign during a record scan period of up to three years, the optional insurance premium increases. Any serious infraction, including impaired driving, excessive speeding or distracted driving, also triggers an optional insurance rate increase.

ICBC estimates that when all of its risk adjustments are in place, they will reduce premiums for about three quarters of drivers. The existing system spread costs across all drivers, leaving some with recent at-fault crashes paying the same as those with crash-free driving records.

When additional drivers are listed for a vehicle, the highest-risk driving record is used to calculate 25 per cent of the basic insurance premium, with the principal driver’s record used for the rest.

Registered owners will still be on the hook for speeding tickets that will soon be issued by 35 cameras at high-crash intersections in B.C. urban areas. The cameras have been upgraded to operate 24 hours a day and some equipped to issue speeding tickets when a vehicle exceeds an undisclosed margin above the speed limit is exceeded. ICBC is coping with more than 900 accidents per day, the majority of them at intersections.

The speed cameras are being activated this summer at major intersections in Kelowna, Abbotsford, Nanaimo and various locations in Metro Vancouver. There is a total of 140 intersection cameras in the province, with most still issuing tickets by mail only when a vehicle runs a red light.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislatureICBC

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

Comments are closed

Just Posted

COVID-19 motivates Revelstoke couple to start farming

Owners say First Light Farm will strengthen local food production

New Mount Revelstoke National Park campground opening July 15

It’s the first campground built in a mountain national park in over half a century

Milestone RCMP Cops For Kids fundraiser ride going virtual

You can join and help RCMP raise funds for families and possibly win 20th anniversary cycling shirt

QUIZ: A celebration of dogs

These are the dog days of summer. How much do you know about dogs?

B.C. records 31 new cases, six deaths over three days due to COVID-19

There are 166 active cases in B.C., 16 people in hospital

Canadians with disabilities disproportionately hit by COVID-19 pandemic

More than four out of 10 British Columbians aged 70 and up have various disabilities

Camping offers a great pandemic escape, for less money than you might think

But for many first-timers, knowing what to bring can be a challenge

Turbulence in Canadian opinion on airlines COVID-19 response: poll

Thousands of people have beseeched Transport Minister Marc Garneau to compel airlines to issue refunds,

Lower Mainland woman says llama farming neighbour shot her 11-month-old pup

Young dog was on owner’s Maple Ridge property when it was killed on June 21

Police issue warning after baby comes across suspected drugs in Kamloops park

The 11-month-old girl’s mother posted photos on social media showing a small plastic bag containing a purple substance

B.C. highway widening job reduced, costs still up $61 million

Union-only project scales back work to widen Trans-Canada

Most Read