ICBC Basic Vehicle Insurance Rating System 2012 Consultation and Engagement
ICBC is working on updating the way we set premiums for Basic auto insurance — the mandatory coverage that all B.C. drivers must have. Our customers have told us they think the system would be fairer if lower-risk drivers paid less and higher-risk drivers paid more.
From May 14 to June 22, 2012, we conducted a province-wide consultation and engagement process to share information with our customers and stakeholders about the changes under consideration, and to seek feedback on options for a fairer and more driver-based system.
Thank you to everyone who participated online or by attending public meetings. Your valuable feedback will help us make the most reasonable recommendations to the British Columbia Utilities Commission, which has the final say in the best interests of British Columbians.