
A lawyer with Acumen Law is wondering when ICBC will fill in the big void of information ahead of this fall’s major changes to how auto insurance works.
Kyla Lee says ICBC has an obligation to inform British Columbians well ahead of September 1st when ICBC will change from insuring the vehicle to insuring the driver.
Not to mention an overhaul of how the safe drivers discount is calculated.
“I think everybody should be getting that information with at least three months warning before their insurance is due. So that they have time to save up money if they are going to pay more. Or so that they have the opportunity to make plans with surplus money if they are going to have extra. Insurance is a huge cost not everybody, in fact most people, are not in a position where they can shell out thousands of dollars on a moments notice.”
Lee says Attorney General Dave Eby has said repeatedly the changes will mean bad drivers will pay more and good drivers less and now it is time to table the information to see if that is true or not.
“Whether or not that is true we don’t know because they have released so little information about what the changes are going to look like that we have no idea how to calculate people’s insurance costs.”
On September 1st ICBC will change to insuring the driver and not the vehicle.
This means a new formula to determine insurance costs based on how many driver’s register for a given family vehicle along with another fee for coverage should anyone outside the registered drivers get behind the wheel.
The changes also cover the safe drivers discount, which will now be based on a ten year scan of your driving record to determine any safe driving discount or penalty.













