On Tuesday, February 2, B.C. government officials made an announcement regarding auto insurance affordability in the province and shared the news that millions of local drivers will be getting ICBC rebate cheques in the mail.
Average rebate amount.
"Our work to make life more affordable for British Columbians includes fulfilling our commitment to take earnings at ICBC that are related to the pandemic and give that money back to people," said Premier John Horgan.
He said British Columbians who are ICBC customers can expect their cheques in the mail soon as they will be sent out in mid-March.
So, if you've been paying your car insurance throughout the pandemic even though your tires have hardly touched pavement, this is your chance to see a little bit of that money back in your bank account.
"Our top priorities during the pandemic have been, first, the health and safety of our customers, employees and business partners - and second, making insurance more affordable," said Nicolas Jimenez, president and CEO of ICBC.
This is a one-time rebate.