B.C. Attorney General David Eby announces changes to ICBC rate structure to respond to deficits, Feb. 6, 2020. (B.C. government)

B.C. VOTES 2020: BC Liberals vow to end ICBC monopoly, open market to private insurance

NDP promises rate cut, COVID-19 rebate for 2021

B.C. Liberal leader Andrew Wilkinson has formalized his party’s long-standing promise to open up B.C.’s basic vehicle insurance monopoly to competition.

“The ICBC monopoly is a failure and it’s time to offer drivers cheaper rates,” Wilkinson said Oct. 6. “That’s what competition will do and that’s what the B.C. Liberals will deliver.”

The NDP government paid a $1 billion bailout in the current budget to keep ICBC rates from rising higher, mostly due to soaring accident and injury claims and associated legal costs. Before the election called for Oct. 24, NDP leader John Horgan’s government legislated an out-of-court system for most disputes and promised a rate cut for 2021.

Wilkinson also promised to give younger drivers an unspecified break from higher rates that resulted from an overhaul of ICBC’s rate structure to charge based on driver risk rather than vehicle ownership.

RELATED: ‘Fault matters’ at ICBC, John Horgan says as injury payment capped

RELATED: ICBC claims fall during COVID-19 restrictions, investments slump


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC politicsBC Votes 2020

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

Just Posted

The last forum before the election on Saturday focused on health care.
Boundary-Similkameen candidates talk health care over digital forum

The Support Our Health Care Society hosted the forum

The Regional District of Okanagan Similkameen is planning to implement transit service in the West Bench area in September, 2021. (Black Press file photo)
Regional district to bring transit service to West Bench in 2021

Residents of area near Penticton will be consulted before plans are finalized

COVID-19. (Image courtesy CDC)
Interior Health reports 18 COVID-19 cases, highest daily count since July

The total of COVID-19 cases in the region is now at 662

Carmi Elementary students voted through CIVIX Students Vote. (Lesley Evans photo)
Penticton students have their say in B.C. election

Twelve schools, including Carmi Elementary participated in Student Vote

A Kelowna clinic decided to immunize their patients in a drive-thru flu clinic earlier this month. (Twila Amato - Black Press Media)
Interior Health anticipates increase in flu vaccinations this season

Some 300,000 doses of flu vaccine ready for distribution across Southern Interior

B.C. provincial health officer Dr. Bonnie Henry gives a daily briefing on COVID-19 cases at an almost empty B.C. Legislature press theatre in Victoria, B.C., on March 25, 2020. (Don Craig/B.C. government)
B.C. sees 223 new COVID-19 cases, now 2,009 active

Two new care home outbreaks in Surrey, Burnaby

Thanks to efforts by a Kelowna shelter and Elections BC, anyone who wishes to can vote in the 2020 BC Provincial Election, even if they don’t have a fixed address. (THE CANADIAN PRESS/Darryl Dyck)
Kelowna group ensures people experiencing homelessness can vote

Shelter supervisor says voting ‘a fundamental right’ even for those without a fixed address

(Big White Ski Resort photo)
Big White receives 21 cm of snow in 24 hours

Resort’s snow base 41 cm deep, one month until opening day

The deer were allegedly shot within Princeton town limits, late at night. Black Press File Photo.
Armed man, in full camouflage, allegedly shoots deer in downtown Princeton

‘The list of charges goes on and on,’ said RCMP Sgt. Rob Hughes

100 Mile Conservation officer Joel Kline gingerly holds an injured but very much alive bald eagle after extracting him from a motorist’s minivan. (Photo submitted)
B.C. driver thought he retrieved a dead bald eagle – until it came to life in his backseat

The driver believed the bird to be dead and not unconscious as it turned out to be

Members of Summerland council and municipal staff were present on Oct. 22 to officially open the expanded Summerland landfill facility. From left are manager of environmental services Candace Pilling, Coun. Erin Carlson, Coun. Marty Van Alphen, acting mayor Doug Holmes, Coun. Richard Barkwill and Coun. Erin Trainer. (John Arendt - Summerland Review)
Changes made to entrance of Summerland landfill

Upgrades came at cost of $500,000

Chastity Davis-Alphonse took the time to vote on Oct. 21. B.C’s general Election Day is Saturday, Oct. 24. (Chastity Davis-Alphonse Facebook photo)
B.C. reconciliation advocate encourages Indigenous women to vote in provincial election

Through the power of voice and education Chastity Davis-Alphonse is hopeful for change

White Rock RCMP Staff Sgt. Kale Pauls has released a report on mental health and policing in the city. (File photos)
White Rock’s top cop wants to bill local health authority for lengthy mental-health calls

‘Suggestion’ included in nine-page review calling for ‘robust’ support for healthcare-led response

Most Read