%%tb-image-alt-text%%
Kamloops.me

Me and my Kamloops

Online estimator tool shows ICBC savings ahead

Online estimator tool shows ICBC savings ahead

January 26, 2021 at 9:35 am  BC, News, Politics

ICBC has improved its online tool to provide customers an estimate of how much they will save when they renew their vehicle insurance under Enhanced Care and how much they will get in a refund from ICBC.

The insurance estimator – at icbc.com/enhancedcare – will help personal customers understand what the upcoming premium savings will mean to them. When Enhanced Care comes into effect May 1, 2021, customers who purchase basic and optional insurance from ICBC will save 20% on average. Most customers will also be eligible for a one-time, pro-rated refund.

“Our government is set to deliver much more affordable ICBC premiums, and now drivers can see how much they’re going to save and how much of a refund they can expect after May 1,” said Mike Farnworth, Minister of Public Safety and Solicitor General. “In just minutes, drivers will be able to get an estimate of how much less they’ll be paying for auto insurance going forward.”

To use the tool, a customer needs only to log in with their B.C. driver’s licence and licence plate numbers. Customers can view and adjust coverage options, and calculate an estimate for their upcoming renewal. The tool will compare what they paid last time and approximately how much they will save under Enhanced Care. If a customer is within 45 days of their renewal date, they can save the information to review it with an Autoplan broker when it is time to renew and pay.

For eligible customers, the tool will display a refund amount of the difference between their current Autoplan coverage and the new, lower-cost Enhanced Care coverage. The refund amount depends on the customer’s renewal date and how much of their current policy extends beyond May 1, 2021.

“Today’s announcement brings us one step closer to the promise of more affordable auto insurance rates for British Columbians,” said Nicolas Jimenez, president and CEO, ICBC. “Our online estimator tool will help to make clear the extent of Enhanced Care savings British Columbians can expect as we move toward our May 1 launch, delivering not just lower-cost insurance but also significantly improved benefits, regardless of fault.”

Learn More:

Online premium estimator tool and more details of ICBC’s Enhanced Care coverage: http://icbc.com/EnhancedCare

A backgrounder follows.

View the full article from the original source

No conversations yet

Activity Stream

Sun, Jun 20, 2021 at 1:00 pm - Doug Smith posted on their blog: In the Battle Creek Hills
Fri, Jun 18, 2021 at 3:05 pm - Arjun Singh posted on their blog: Apologies for horrible word choice at Kamloops council this Tuesday….
Fri, Jun 18, 2021 at 1:00 pm - Doug Smith posted on their blog: In the Cache Creek to Spences Bridge Hills
Tue, Jun 15, 2021 at 9:00 am - Doug Smith posted on their blog: Sunrise Mountain Ramble – Kamloops Trails
Mon, Jun 14, 2021 at 4:05 pm - David Suzuki posted on their blog: For climate’s sake, save the peat!
Sat, Jun 12, 2021 at 9:00 am - Doug Smith posted on their blog: On the Embleton Trails – Kamloops Trails
Thu, Jun 10, 2021 at 6:02 pm - David Suzuki posted on their blog: Fossil fuel industry faces an overdue reckoning
Wed, Jun 9, 2021 at 9:00 am - Doug Smith posted on their blog: Island Lake Loop – Kamloops Trails
Sun, Jun 6, 2021 at 8:00 am - Doug Smith posted on their blog: Lac du Bois Loop Route
Fri, Jun 4, 2021 at 3:25 pm - Darryl Schmidt posted a reply on Grand Finale of the Kamloops Symphony’s “Running The Symphony” Initiative
Full Stream