Signage for ICBC, the Insurance Corporation of British Columbia, is shown in Victoria, B.C., on February 6, 2018. THE CANADIAN PRESS/Chad Hipolito

Signage for ICBC, the Insurance Corporation of British Columbia, is shown in Victoria, B.C., on February 6, 2018. THE CANADIAN PRESS/Chad Hipolito

$150 refunds issued to eligible customers following ICBC’s switch to ‘enhanced care’

Savings amassed from the insurance policy change will lead to one-time rebates for close to 4 million customers

ICBC says its new approach to automobile insurance will see millions of dollars put back into the pockets of customers starting next week.

The switch to “enhanced care” is expected to save the corporation around $1.5-billlion annually and individual British Columbians around $400 on insurance premiums.

This, due to the NDP government’s removal of court cases as a means of resolving most accident and injury claims.

One-time rebates of around $150 will be given to customers, amassed from the savings in cost between their current policy and the new one, which came into effect May 1.

“There will also be a number of refunds for just a few dollars or less,” reads a Thursday (May 13) statement from ICBC.

RELATED: ‘A colossal waste’: B.C. woman questions why ICBC issued $1 rebate cheque

Customers who paid by cash or debit can expect to receive a cheque in the mail. Those who signed up for direct deposit will get their refund that way.

Monthly payments will automatically be adjusted to the lower rate on May 24.

The refunds are separate from COVID-19 rebate cheques issued in April, says ICBC, and different from the savings on premiums drivers got when they renewed their insurance. 

Customers eligible for the enhanced care refund can use ICBC’s online estimator to see how much they are expected to receive.

Refunds are expected to reach 3.95-million customers by the end of July.

RELATED: ICBC opens online calculator for rate savings starting in May

READ MORE: Judge rejects taking lawyers out of minor ICBC injury cases



sarah.grochowski@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

ICBC

Just Posted

A key in the lock of a door. (File photo)
Sicamous residents say lack of long-term rentals detrimental to town

A couple who have lived in Sicamous for 27 years and want to stay might have to leave

Fruit farmers in the Okanagan and Creston valleys are in desperate need of cherry harvesters amid COVID-19 work shortages. (Photo: Unsplash/Abigail Miller)
‘Desperate’ need for workers at Okanagan cherry farms

Fruit farmers are worried they’ll have to abandon crops due to COVID-19 work shortages

Brodie Stuart and her mom, Mikel Stuart, gather for the celebration at Parkview Elementary on June 18, 2021. (Zachary Roman - Eagle Valley News)
Three Shuswap parents honoured for combined 34 years of volunteering

Parkview Elementary parent advisory council members surprised by appreciative flash mob

Centennial Field in Blind Bay will be the site of Market by the Bay on Thursday nights starting June 24, 2021. (Columbia Shuswap Regional District photo)
Forty vendors expected for new Market by the Bay in the South Shuswap

Market starting June 24 to be situated at Centennial Field in Blind Bay

A GoFundMe campaign has been launched to collect donations ahead of Kristy Handel’s 33-kilometre run for Chelaine McInroy (pictured) to cover costs for a new prosthetic leg after her June 12, 2021, surgery. (GoFundMe)
Salmon Arm woman runs to raise funds for friend’s new prosthetic leg

33-kilometre Run for Chelaine to help athlete cover medical costs from latest surgery

A small pod of Pacific white-sided dolphins pass by close to shore in Campbell River June 16, 2021. Still capture from video courtesy of Kimberly Hart
VIDEO: Dolphin sunset captured from Vancouver Island shore

Spectacular setting for view of travelling pod of Pacific white-sided dolphins

New research suggests wolves can be steered away from the endangered caribou herds they prey on by making the man-made trails they use to hunt harder to move along. THE CANADIAN PRESS/Nathan Denette
Culling cutlines, not B.C. wolves, key to preserving caribou herds: researcher

The government has turned to killing hundreds of wolves in an effort to keep caribou around

Gary Abbott (left) and Louis De Jaeger were two of the organizers for the 2014 Spirit of the People Powwow in Chilliwack. Monday, June 21, 2021 is Indigenous Peoples Day. (Jenna Hauck/ Chilliwack Progress file)
Unofficial holidays: Here’s what people are celebrating for the week of June 20 to 26

Indigenous Peoples Day, Take Your Dog to Work Day, Onion Rings Day all coming up this week

Rita Coolidge played the main stage at Vancouver Island Musicfest in 2017. (Black Press file photo)
This year’s Vancouver Island MusicFest to virtually showcase beauty of Comox Valley

Returning July 9 through 11 with more than 25 hours of music performances

British Columbia’s premier says he’s received a second dose of the Oxford-AstraZeneca COVID-19 vaccine. (Twitter/John Horgan)
B.C. premier gets 2nd dose of AstraZeneca COVID-19 vaccine

John Horgan shared a photo of himself on social media Friday afternoon holding a completed vaccination card

A lotto Max ticket is shown in Toronto on Monday Feb. 26, 2018.THE CANADIAN PRESS
No winning ticket sold for Friday’s $70 million Lotto Max jackpot

The huge jackpot has remained unclaimed for several weeks now

Earls On Top at 211 Bernard Avenue in Kelowna. (Google Maps photo)
Downtown Kelowna’s Earls ordered closed after COVID-19 transmission

Earls on Top on Bernard Avenue will be closed from June 18 to June 27

A motorycle crash has been reported on Westside Road. (Google Maps)
UPDATE: Westside Road reopened following motorcycle crash near Vernon

AIM Roads advises drivers to expect delays due to congestion

Most Read