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

Petition to stop new cell tower too close to Kelowna homes

An online petition was started to stop cell tower construction near Ellison Elementary School

Local Kelowna project tabs restaurant workers for industry fundraiser

The 2nd Hungry Games invites fundraises for local charities

Okanagan-Shuswap weather: Clear skies and pushing 20 C

Environement Canada forcasts a sunny and warm Easter weekend

Peeling away: OK strip clubs disappearing

Hear from Penticton’s only strip club owner about their success in a dying industry

Berry: Sayonara journalism, it’s been fun

Lake Country had more in store than I bargained for

Update: Fire destroys Peachland home on Somerset Avenue

Crews are still on scene pumping water onto the blaze

Waste not: Kootenay brewery leftovers feed the local food chain

Spent grains from the Trail Beer Refinery are donated to local farmers and growers, none go to waste

Summerland student examines effects of sound

Science fair project will go to national competition in New Brunswick

Cuteness overload: duckling thinks dog is its mom

Vernon photographer Fiona Hook shot a cute video after noticing one of her ducklings had taken a special liking to her dog.

Fire near Vernon airport “not a concern”

Vernon firefighters attended the scene and found a resident performing a controlled burn

Sons of Anarchy’s Kim Coates stops by Okanagan café

Coates was spotted in West Bank’s Kekuli Café on April 20

B.C. women make 2,200 cabbage rolls for charity

The money raised was donated to former NHL player Aaron Volpatti, who is raising funds for ALS

Deck collapses in Langley during celebration, 35 people injured

Emergency responders rushed to the Langley home

B.C. mom wages battle to get back four kids taken from her in Egypt

Sara Lessing of Mission has help from Abbotsford law firm

Most Read