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

Ferry connecting Port Hardy and Bella Coola expected to set sail this summer

Its first in-service route will sail in central coast waters on May 18, 2019.

BC Parks Student Ranger Program accepting applications for 2019 season

12 crews of four student rangers will work in regions throughout the province including Bella Coola.

Over $650,00 given to rural communities thanks to Rural Dividends

Five communities, including Williams Lake, are receiving $10,000 for project grants

Pregnant Cariboo firefighter tries to save own house from blaze

Julia Flinton and Anthony Sellars both worked on the 2017 wildfires

Road report for Highway 20

Fog patches and slippery sections; Drive BC

Self serve doggy-wash poised to change dog grooming industry

Add money, start spraying to wash dog in the K9000

Anxiety in Alaska as endless aftershocks rattle residents

Seismologists expect the temblors to continue for months, although the frequency has lessened

Women’s March returns across the U.S. amid shutdown and controversy

The original march in 2017, the day after President Donald Trump’s inauguration, drew hundreds of thousands of people

Federal Liberals announce former B.C. MLA as new candidate in byelection

Richard Lee will face off against federal NDP leader Jagmeet Singh

No winning ticket in $10 million Lotto Max jackpot

No win in Friday night’s draw means the next Lotto Max draw will be approximately $17 million

Scientists ID another possible threat to orcas: pink salmon

For two decades, significantly more of the whales have died in even-numbered years than in odd years

Burnaby byelection turmoil sparks debate about identity issues in politics

The Liberals still have not said whether they plan to replace Wang, who stepped aside Wednesday

B.C. woman planned to donate a kidney to her husband, then found out she has cancer

Richard Stuart needs a kidney, his wife Tracy has been diagnosed with cancer

Rookie Demko backstops Canucks to 4-3 win over Sabres

Young Vancouver goalie makes 36 saves to turn away Buffalo

Most Read