Premier John Horgan says drivers in British Columbia will receive COVID-19 insurance rebate cheques next month that average about $190 each.
Horgan says the Insurance Corp. of British Columbia will return $600 million in net savings to policy holders because there have been fewer collisions and claims during the COVID-19 pandemic.
Solicitor General Mike Farnworth, who is the minister responsible for ICBC, says the rebate cheques will go to drivers who held policies last year from April 1 to Sept. 30, and they will range from a low of $50 to up to $400.
Horgan says the rebate cheques are separate from ICBC savings that are due in May, when drivers will see a drop in rates of about 20 per cent or around $400 each.
Those rate cuts are part of the government’s move to a so-called enhanced care model that limits lawsuits and increases treatment benefits for people injured in accidents.
Farnworth says almost three million drivers will receive rebate cheques from the Crown corporation.
This report by The Canadian Press was first published Feb. 2, 2021.
The Canadian Press