By Canadian Press

Second auto insurance rebate coming in B.C. as pandemic prompts crash savings

Jun 11, 2021 | 10:32 AM

VICTORIA — A second insurance rebate is coming for British Columbia drivers thanks to lower claim costs due to fewer crashes during the COVID-19 pandemic. 

The government says the Insurance Corporation of B.C. will begin distributing rebates averaging $120 starting in mid-July, returning about $350 million to almost three million customers. 

Solicitor General Mike Farnworth says in a statement the government has been clear that any pandemic-related savings on the corporation’s bottom line will benefit customers. 

Farnworth says the public auto insurer is in a strong financial position to issue the second rebate. 

Customers who had an active insurance policy from Oct. 1 last year to March 31 this year will be eligible for cash back of about 11 per cent of the premiums they paid during that time. 

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The government says the amount of the second COVID-19 rebate will vary depending on premiums paid, but about 70 per cent of customers will see returns ranging between $60 and $200. 

This report by The Canadian Press was first published June 11, 2021.

The Canadian Press