WATCH: BC NDP pledges to freeze ICBC rates for additional three years

WATCH: BC NDP pledges to freeze ICBC rates for additional three years
Photo: Jarryd Jäger
| Leda Omid
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BC NDP leader David Eby is promising to freeze basic car insurance rates for another three years if re-elected, extending the current freeze until spring 2030.

If they follow through, the commitment would bring the total rate freeze to 10 consecutive years.

“I fought hard to reduce car insurance rates, and I’ll fight to keep them low,” Eby said. “Nobody can afford for their bills to skyrocket to line the pockets of powerful insiders.”

The BC NDP says reforms to ICBC, including the introduction of the Enhanced Care model, have saved the average driver approximately $500 annually.

The party also claims drivers are now paying about $1,000 less per year than they would have without the reforms, accounting for projected increases in insurance premiums.

The announcement comes amid growing debate over the future of ICBC and BC's no-fault insurance model, following the release of a letter sent by BC Conservative leader Lorne Doerkson to the BC Trial Lawyers Association.

In the letter, Doerkson outlined plans to replace the current no-fault system with a hybrid model that would restore some drivers' ability to sue following a collision. He also indicated that allowing private insurers to compete was under consideration.

During Thursday's announcement, Sitka Media questioned Eby about his criticism of Doerkson's letter, noting that BC NDP MLA Adrian Dix had also sent a letter to trial lawyers in 2017.

“Adrian's letter said that there would be no changes to the system,” Eby responded. “Doerkson's letter said, everything is on the table.”

Eby argued that replacing the current model with a hybrid system would add legal fees and private insurer profits to the cost of basic auto insurance.

The proposed rate freeze is part of the BC NDP's broader affordability platform, which includes pledges to reduce gas prices by up to 30 cents per litre and introduce measures aimed at limiting grocery price increases.

British Columbians head to the polls on October 24.

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