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.
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