The District of Sicamous wants an update on a UBCM resolution aimed at opening car insurance in B.C. up to private competition. (File photo)

The District of Sicamous wants an update on a UBCM resolution aimed at opening car insurance in B.C. up to private competition. (File photo)

Cost of auto insurance fuels Sicamous council’s push for competitive, open market

Rising ICBC rates a concern, particularly for young drivers

The District of Sicamous is keen to curtail rising ICBC rates by opening the market to private insurers.

At the 2019 UBCM convention, resolution was made requesting that UBCM work with the provincial government to open the basic auto insurance sector to the private sector. This was prompted by a 6.3 per cent insurance rate hike that went into effect on April 1, 2019, along with research from 2017 showing how even before the 2019 rate increase, British Columbians were paying an average of $1,680 a year for car insurance – more than $200 per year more than the next priciest province, Ontario.

Read More: Man accused in Salmon Arm church shooting to stand trial by judge alone

Read More: Hedge fire at Salmon Arm town homes deemed suspicious

“My question to council was what’s our next step?” responds Sicamous councillor Colleen Anderson.

Anderson said it is important to stay on top of the issues and being able to affording car insurance has become a challenge for some. Anderson said it is particularly difficult for youth who often rely on a vehicle to get to work.

“I suspect that our rates will continue to go up so they (ICBC) can pay down their debt or figure out why they’re so far in debt,” Anderson said.

Read More: Donations exceed expectations from Salmon Arm Bollywood Bang

Read More: Video chronicles rise of Salmon Arm’s giant treble clef

She said options need to be investigated, one of which is allowing private competition into the province’s insurance market.

Anderson said a request for an update on progress with the 2019 resolution will be going to UBCM.

“I think the conversation needs to be front and centre. We can’t let it be put on the back burner again; it needs to be addressed, it needs to be fixed.”

As the district’s elected officials seek more information on the future of car insurance in B.C., the district itself is spending more money on insuring their fleet of vehicles, having spent $29,352 in 2018 and $30,257 in 2019. $32,766 is budgeted for insurance in 2020.



jim.elliot@saobserver.net

Like us on Facebook and follow us on Twitter

ICBC

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

Just Posted

FILE - In this April 19, 2021, file photo, Keidy Ventura, 17, receives her first dose of the Pfizer COVID-19 vaccine in West New York, N.J. States across the country are dramatically scaling back their COVID-19 vaccine orders as interest in the shots wanes, putting the goal of herd immunity further out of reach. (AP Photo/Seth Wenig, File)
5 more deaths, 131 new cases of COVID-19 in Interior Health over the weekend

Those 18-years and older in high-transmission neighbourhoods can register for the vaccine

Danny Fulton receives his first dose of the COVID-19 vaccine at the Coast Capri Hotel on April 27. The pop-up clinic was hosted by the First Nations Health Authority. (Aaron Hemens/Capital News)
All adults in Rutland, Summerland now eligible to receive COVID-19 vaccine

Province expands age range to 18+ for vaccinations in ‘high transmission’ areas

RCMP. (Phil McLachlan - Black Press Media)
Penticton RCMP search for 2 suspicious men

Police searching the area of Arawana Forest Service Road

The Penticton Vees concluded the shortened 2021 pod season Sunday, May 9 in winning fashion against the Cranbrook Bucks at the South Okanagan Events Centre. (Cheri Morgan photography)
VIDEO: Penticton Vees end pod season atop BCHL standings with 18 wins in 20 games

The Vees collected their 18th win of the season Sunday night against the Cranbrook Bucks

Dust control is underway this week in parts of Osoyoos. (Contributed)
Dust control work gets underway in Osoyoos, with a warning for pets

Pets should stay off the product for the first six hours after it is applied

A bullet hole is seen in the windshield of an RCMP vehicle approximately 4 km from Vancouver International Airport after a one person was killed during a shooting outside the international departures terminal at the airport, in Richmond, B.C., Sunday, May 9, 2021. THE CANADIAN PRESS/Darryl Dyck
Homicide team IDs man in fatal YVR shooting as police grapple with spate of gang violence

Man, 20, charged in separate fatal shooting Burnaby over the weekend

The southern mountain caribou, an iconic species for the Splatsin First Nation, is threatened with extinction, much to the dismay of the First Nation. (Province of B.C. photo)
Okanagan First Nation band concerned over dwindling caribou herd

Southern mountain caribou at risk of extinction, much to dismay of Splatsin First Nation near Enderby

RCMP. (Phil McLachlan/Capital News)
UPDATE: Winfield road open following police, coroner investigation

Pelmewash Parkway closure near Highway 97 connection

Kelowna resident Sally Wallick helped rescue a kayaker in distress a week and a half ago. (Sally Wallick/Contributed)
VIDEO: Kelowna woman rescues capsized kayaker in Okanagan Lake

Sally Wallick is asking people to be prepared for the cold water and unpredictable winds

The B.C. legislature went from 85 seats to 87 before the 2017 election, causing a reorganization with curved rows and new desks squeezed in at the back. The next electoral boundary review could see another six seats added. (Black Press files)
B.C. election law could add six seats, remove rural protection

North, Kootenays could lose seats as cities gain more

The Independent Investigations Office of B.C. is investigating the shooting of an Indigenous woman in the Ucluelet First Nation community of Hitacu. (Black Press Media file photo)
B.C. First Nation wants ‘massive change’ after its 3rd police shooting in less than a year

Nuu-chah-nulth woman recovering from gunshot wounds in weekend incident near Ucluelet

RCMP (Phil McLachlan - Black Press Media)
High-risk takedown on Highway 1 following Shuswap shooting

Upon further investigation, the vehicle and its occupants were not associated with the shooting

Nurse Gurinder Rai, left, administers the Moderna COVID-19 vaccine to Maria Yule at a Fraser Health drive-thru vaccination site, in Coquitlam, B.C., on Wednesday, May 5, 2021. The site is open for vaccinations 11 hours per day to those who have pre-booked an appointment. THE CANADIAN PRESS/Darryl Dyck
COVID vaccine bookings to open for adults 40+, or 18+ in hotspots, across B.C.

Only people who have registered will get their alert to book

Most Read