ICBC deals with hundreds of accident claims each week, with injuries and repair costs rising. (Black Press Media)

ICBC insurance renewals get more complicated this year

Crash history, driver risk prompt more reporting requirements

B.C. vehicle owners are beginning to be notified of insurance changes taking effect this fall, with extra information and in some cases extra fees required to renew.

The changes are part of an effort to control ballooning claim costs and deficits at the Insurance Corp. of B.C., by shifting costs away from vehicle owners and onto high-risk drivers. At-fault accident claims after June 10 are being calculated to set the new optional insurance rates that take effect with renewals from Sept. 1 forward.

For renewals after Sept. 1, vehicle owners are asked to list secondary drivers who are expected to use the vehicle, with their driver’s licence number and date of birth. An up-front charge for unlisted additional drivers was dropped after negative feedback from customers, and now unlisted extra drivers will cost the principal driver $50 per year only if they cause a crash while using the car.

Learner drivers must be listed for each vehicle, and a learner premium of between $130 and $230 per year applies, depending on the region. Urban areas generally have higher accident rates and regional rates for all drivers are adjusted to reflect the risk.

Owners who drive a vehicle fewer than 5,000 km a year should take a picture of their odometer reading when they renew insurance. If they remain below 5,000 km in the coming year, they will be eligible for a discount.

RELATED: NDP defends speed cameras at 35 intersections

RELATED: Province starts testing intersection speed cameras

Driver infractions have always been a factor in insurance rates, with penalty points incurred, but the new rules add to that. If there are two minor infractions such as speeding or running a stop sign during a record scan period of up to three years, the optional insurance premium increases. Any serious infraction, including impaired driving, excessive speeding or distracted driving, also triggers an optional insurance rate increase.

ICBC estimates that when all of its risk adjustments are in place, they will reduce premiums for about three quarters of drivers. The existing system spread costs across all drivers, leaving some with recent at-fault crashes paying the same as those with crash-free driving records.

When additional drivers are listed for a vehicle, the highest-risk driving record is used to calculate 25 per cent of the basic insurance premium, with the principal driver’s record used for the rest.

Registered owners will still be on the hook for speeding tickets that will soon be issued by 35 cameras at high-crash intersections in B.C. urban areas. The cameras have been upgraded to operate 24 hours a day and some equipped to issue speeding tickets when a vehicle exceeds an undisclosed margin above the speed limit is exceeded. ICBC is coping with more than 900 accidents per day, the majority of them at intersections.

The speed cameras are being activated this summer at major intersections in Kelowna, Abbotsford, Nanaimo and various locations in Metro Vancouver. There is a total of 140 intersection cameras in the province, with most still issuing tickets by mail only when a vehicle runs a red light.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Memorial to Carson Crimeni to stay in place through to September

Hundreds of tributes have been left at the Walnut Grove skate park

Aldergrove’s new Sea Monkeys club going swimmingly

In first summer, four Aldergrove boys make it to BCSSA provincials

PHOTOS: Adults-only take a dip and sip in Aldergrove

Second event of its kind a hit at the Otter Co-op Outdoor Experience

Orangeville dominates in Minto Cup Game 2 against Victoria

The Shamrocks pushed the Northmen but couldn’t find a way to victory

VIDEO: Swinging and singing in Langley for the babies

Dallas Smith and Chad Brownlee raise $200,000 for Basics for Babies during an annual charity event

Ethnic media aim to help maintain boost in voting by new Canadians

Statistics Canada says new Canadians made up about one-fifth of the voting population in 2016

Wife charged in husband’s death in Sechelt

Karin Fischer has been charged with second-degree murder in the death of her husband, Max

B.C. Hydro applies to decrease electricity rates next year

Province wrote off $1.1 billion debt to help reverse rate increase

Speculation tax forces sale of Greater Victoria’s iconic ‘Tulip House’

Bob and Jan Fleming selling their retirement home famous for its thousands of tulips

New police force in Surrey must avoid VPD, RCMP errors made in Pickton case: Oppal

Boots are scheduled to be on the ground by spring 2021

Man at centre of dropped HIV-disclosure case sues province and 10 cops

Brian Carlisle of Abbotsford says Mission RCMP defamed him and were ‘negligent’ in their investigation

Conan turns to the Property Brothers for tips on buying Greenland

Jonathan Scott suggests removing glaciers and mountains to bring in ‘more natural light’

Forests minister visits B.C. town rocked by multiple mill shutdowns

A third of Mackenzie turns out for rally, not much to cheer about

Most Read