New round of ICBC rebates going out to eligible British Columbians

Eligible ICBC customers volition soon find themselves with an other $110 as a caller circular of rebates is sent out, the car insurer announced Wednesday. 

ICBC said successful a merchandise that astir customers who had an progressive Basic security argumentation successful January 2025 volition beryllium eligible for the rebates, which total $410 million. It added this was the 5th rebate for ICBC customers since February 2021.

"When ICBC is financially beardown and stable, we each benefit," said ICBC President and CEO David Wong. 

"We're capable to supply this rebate backmost to our customers acknowledgment to beardown concern returns. We've besides been capable to clasp Basic security rates dependable with nary increases for six years portion maintaining steadfast superior reserves."

Eligible drivers volition person a letter, which includes the rebate magnitude and outgo method.

Drivers who paid for their security by recognition paper volition spot the rebate refunded to the card, ICBC said. Those who paid by cash, cheque oregon debit volition spot it refunded by cheque oregon nonstop deposit, the insurer added.

Additionally, in light of U.S. commercialized actions, ICBC said it volition beryllium moving exclusively with Canadian vendors to present the rebates.

"This rebate is conscionable 1 tiny mode for ICBC to springiness backmost to its customers arsenic we each navigate planetary economical uncertainty and accrued costs successful the look of unjustified tariffs," said Minister of Public Safety and Solicitor General Garry Begg.