Vancouver, British Columbia — Ask and you shall receive—if you happen to be ICBC, that is—as British Columbia’s crown insurer has been approved for a two-year freeze in auto insurance rates, amid rising inflation among drivers.
The British Columbia Utilities Corporation (BCUC) confirmed last Tuesday that ICBC and its basic policyholders will see their insurance premiums frozen from April 1 to March 31, 2025.
The BCUC will also be conducting a review of ICBC’s rate freeze application, as per the B.C. government’s Order in Council 666, with a deadline set for Jan. 30 for members of the public who would like to actively participate in the review as an intervener.
The request for intervener status form also allows individuals to submit letters of comment, for the purpose of sharing views and opinions on the review, as well as to gauge its impact on the public.
For general updates on the review’s proceedings, visit the BCUC’s website.
