ICBC cleared to levy fees for additional drivers
Thursday, January 29, 2009 3:33Drivers in British Columbia who renew their Insurance Corporation of B.C. coverage could face an additional charge, depending on where they live or who they allow behind the wheel.
Starting May 1, ICBC has started imposing a $25 charge if additional drivers are listed on a vehicle’s insurance.
The charge applies if the secondary driver does not own a vehicle or has less experience or a worse driving record than the principal driver.
ICBC spokesman Doug McClelland also says the B.C. Utilities Commission has officially approved the 3.3 per cent rate hike that has been in effect since last May.
In addition, the commission has approved variable increases or decreases of up to six per cent to reflect risk levels posed by certain classes of vehicle or accident rates in specific areas of the province.
McClelland says variable rates affects a very small number of drivers in rapidly growing suburban areas where increasing vehicle volume creates a higher risk of crashes.
Source: CTV
admin says:
January 29th, 2009 at 3:39 am
GOOD NEWS: ICBC drops plan to charge extra $25 fee
The Insurance Corporation of B.C. says it’s taking a step back on two contentious measures.
Spokesman Doug McLelland says ICBC is shelving a plan to impose a $25 dollar premium when higher risk drivers, other than the principle operator, use a vehicle.
He says the company is moving ahead with its driver risk premium, which will see bad drivers pay dramatically higher rates.
But it will delay until next year a part of the program that would hit drivers who get three other vehicle related offences over a three year period.
McLelland says some drivers had clearly rejected the idea that ICBC had identified them as a higher risk driver.
He says a lack of understanding of how rates are set is part of the reason for the delay.