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A couple we’ll call Rex, 69, and Frances, 65, live in B.C. Retired for many.
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BCUC rates. More crashes, more claims and higher costs are putting significant external pressure on ICBC’s insurance rates. Any proposed changes to how we set Basic insurance premiums must be approved by our regulator, the B.C. Utilities.
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ICBC Increases Basic Auto Insurance Rates. 2017 the B.C. Utilities Commission (BCUC). ICBC Dropping Luxury Car Insurance March 2,
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Standard mileage rate. For 2017, the standard mileage rate for the cost of operating your car for business use is 53.5 cents (0.535) per mile.
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. subject to a review by the B.C. Utilities Commission. Luxury cars caught in B.C. government plan to slow down rising insurance rates. BC car insurance. ICBC. ICBC rates.
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The Insurance Corporation of British Columbia (ICBC) is a provincial crown corporation in British Columbia created in 1973 by the NDP government of Premier Dave Barrett.The original purpose of ICBC was to provide universal and affordable compulsory public auto insurance in British Columbia by operating on a non-profit basis.
As part of the proposed changes to make Basic insurance premiums more fair, a new discount for vehicles that are driven less than 5,000 km in a year is being introduced (if approved by our regulator, the B.C. Utilities Commission).