B.C. drivers to receive COVID-19 insurance rebate cheques averaging $190 next month

Feb 2, 2021 | 1:44 PM

VICTORIA — Premier John Horgan says drivers in British Columbia will receive COVID-19 insurance rebate cheques next month that average about $190 each.

Horgan says the Insurance Corp. of British Columbia will return $600 million in net savings to policy holders because there have been fewer collisions and claims during the COVID-19 pandemic.

Solicitor General Mike Farnworth, who is the minister responsible for ICBC, says the rebate cheques will go to drivers who held policies last year from April 1 to Sept. 30, and they will range from a low of $50 to up to $400.

Horgan says the rebate cheques are separate from ICBC savings that are due in May, when drivers will see a drop in rates of about 20 per cent or around $400 each.