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ICBC Applies for 2021 Rate Reductions

ICBC Applies for 2021 Rate Reductions

December 15, 2020

It’s being called the largest decrease to basic insurance rates in over 40 years

Car owners across the province could save, on average, 20% on vehicle insurance next year,

Minister of Public Safety and Solicitor General Mike Farnworth, who is also in charge of ICBC, said his government intends to apply to the British Columbia Utilities Commission (BCUC) on Tuesday for what he calls the largest decrease to basic insurance rates in over 40 years.

Read more here.

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