ICBC overhaul includes new $50 fee for lending out your car to friends, family

Unlisted driver protection one way the B.C. NDP and ICBC is planning to overhaul the Crown corporation

Do you let friends or family members borrow your car every now and again? Starting next year, you’re going to have to pay a new fee through ICBC.

On Friday, the BC Utilities Commission approved ICBC’s rate revamp – originally announced by the B.C. NDP’s back in August.

A new $50 “unlisted driver protection” fee is just one of the changes starting as early as 2019. It will apply to motorists who lend their vehicle out to someone else fewer than 12 times a year.

“The goal is to ensure drivers pay premiums which better reflect their risk,” the Crown corporation said about the changes on its website. “These changes to how ICBC’s Basic insurance premiums are set and how a driver’s risk is assessed are the most significant updates in more than 30 years.”

While the fee is entirely optional, ICBC said it could cost you if a unlisted driver is to be involved in a crash and isn’t protected by coverage.

“We know that extraordinary events occur – such as an unlisted driver using the vehicle for a medical emergency – and there will be exemptions to recognize these situations,” it said.

Black Press Media has reached out to ICBC for further comment.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Stray cats hit by cars require $11,000 in medical care, says Abbotsford SPCA

Six injured cats have been brought to branch in last two weeks

Abbotsford Liberal candidate says policies show Trudeau apology is sincere

Seamus Heffernan said ‘error in judgment’ not representative of Prime Minister or party

Trudeau brownface photos are ‘a teaching moment,’ UFV South Asian Studies professor says

Photos are ‘unacceptable,’ but Satwinder Bains says Trudeau must demonstrate his apology was sincere

‘This isn’t fun and games’: Fraser Valley academic explains why brownface is hurtful

Satwinder Bains says wearing brownface and a turban is unacceptable

Abbotsford cops will now issue electronic tickets for driving offences

System is more efficient and accurate, says Abbotsford Police Department

VIDEO: Trudeau asks Canada to look to current, not past, actions on race

Liberal leader says he never spoke about the racist photo because he was embarrassed

Legislature gifts, clothing, travel need better control, B.C. auditor says

Audit follows suspensions of managers by Speaker Darryl Plecas

‘Unacceptable’: What politicians have to say about Trudeau in blackface

Calgary Mayor Naheed Nenshi: ‘When I saw that picture last night, certainly it was a sucker-punch’

‘He’s trying to kill me’: Victoria police commandeer boats to reach screaming woman

No charges laid and civilians to be awarded honours after incident on Gorge Waterway

VIDEO: B.C. man accused of assaulting sex worker loses temper in interrogation

Defence lawyer says statements made by accused Curtis Sagmoen should be deemed inadmissible

John Horgan promises action after fatal mid-Island bus crash

Premier cites students, local Indigneous community as reason to repair the road

Police warn of escalating violence, weapons in Vancouver’s Oppenheimer Park

Officers issue statement about high crime in the area that includes a homeless camp

Teens charged in stabbing death of B.C. man in strip mall parking lot

Two youths, aged 15 and 16, charged in Aug. 16 killing of South Surrey’s Paul Prestbakmo

Forestry watchdog warned B.C. government about Bamfield Road in 2008

Ombusman’s specific concerns re-surface in wake of bus crash that killed two students

Most Read