Attorney General David Eby has announced ICBC rates will be hiked 6.4 per cent, starting November 1st.He says “drastic action” is needed to fix financial problems at the insurer.
For the average driver, that means an increase of about $60 a year.
Eby says BC drivers were “deceived” by losses under-reported by the previous BC Liberal government.
He says the 6.4 per cent hike is lower than the 20 per cent rate hike that was recommended by the report commissioned by the previous government and released in July 2017.