In a news release on Thursday, the province said nearly 35,000 people participated in an online consultation this spring, regarding the province’s proposed changes to the Insurance Corporation of B.C.’s premiums and penalties.
“Changes to our auto insurance rating system are long overdue,” said Attorney General David Eby in a statement.
“The responses from the ICBC rate fairness engagement indicate the majority of British Columbians favour changes that will make insurance more affordable for low-risk drivers and see high-risk drivers pay increased insurance premiums to better reflect the risks they represent.”
Eby said the government has ordered ICBC to put forward to the B.C. Utilities Commission new penalty rates for repeat offenders, particularly those caught speeding, driving while impaired or while distracted. The corporation has also been told to develop a new driver penalty point program for minor driving violations.