December 12, 2022
Government reforms to ICBC are paying off with affordable, steady rates and fiscal stability for people.
ICBC is filing an application with the British Columbia Utilities Commission (BCUC) for no increase to Basic insurance rates for the next two years, which marks five years of no increases to Basic insurance rates.
"Our government is committed to keeping costs down for all British Columbians," said Premier David Eby. "Holding firm on ICBC's Basic insurance rate for two more years will help millions of drivers with their monthly bills amid global inflation."
The full news release is available via the B.C. government's website: https://news.gov.bc.ca/27962