Want to see what your new ICBC insurance policy will cost? A new online tool can help.
Mornings with Simi
English - August 27, 2019 20:09 - 14 minutes - ★★★★★ - 1 ratingBusiness News News Society & Culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
A new online tool is live today, which shows ICBC rate-payers the estimated cost of their new policy.
The insurance company is rolling out changes to the way it calculates premiums on September 1. The new model puts more weight on driver risk, with less-risky drivers paying less, and riskier drivers paying more.
It may prompt drivers to cancel their current policy so they can avail of the new rates. But there are costs to that, as James Beaulieu from AllWest Insurance Services explained to us earlier on the Simi Sara Show.
Guest: Peter Milobar
BC Liberals Critic for Environment and Climate Change
MLA for Kamloops - North Thompson
A new online tool is live today, which shows ICBC rate-payers the estimated cost of their new policy.
The insurance company is rolling out changes to the way it calculates premiums on September 1. The new model puts more weight on driver risk, with less-risky drivers paying less, and riskier drivers paying more.
It may prompt drivers to cancel their current policy so they can avail of the new rates. But there are costs to that, as James Beaulieu from AllWest Insurance Services explained to us earlier on the Simi Sara Show.
Guest: Peter Milobar
BC Liberals Critic for Environment and Climate Change
MLA for Kamloops - North Thompson