B.C. Utilities Commission approves ICBC basic rate application on interim basis

VANCOUVER — At a time when inflation has reached record highs, at least one major household expense for B.C. motorists won’t be going up this year.The B.C. Utilities Commission has approved a rate increase of zero per cent, meaning ICBC basic insurance rates will freeze effective April 1, 2023 on an interim, or temporary basis.According to a news release from ICBC on January 13, the BCUC approved, on an interim basis, a zero per cent rate change to ICBC basic automobile insurance rat