Car insurance rates in BC dropping 15% this year | Urbanized

BC’s notoriously expensive car insurance rates will get significantly cheaper this May.

The BC Utilities Commission has approved a request from the Insurance Corporation of British Columbia (ICBC) to temporarily lower basic car insurance rates by 15% starting May 1.

The interim 15% reduction will remain in place until the utilities commission decides on a permanent rate.

NEWS RELEASE – BCUC Approves Interim ICBC 2021 Rate Decreasehttps://t.co/oRGpqoQIBr pic.twitter.com/xPIJ4pN7et