Vehicle use for personal or business is down due to the COVID-19 pandemic restrictions, but deliveries of food and other necessary supplies is up. (Campbell River Mirror)

COVID-19: ICBC waives fees for cancelling insurance in pandemic

Brokers can renew or lower vehicle coverage by phone or email

With more people following the orders of provincial health officers and staying indoors during the COVID-19 pandemic, fewer drivers are on the road. But don’t expect that to lower your insurance rates just yet, ICBC warns.

B.C.’s provincially owned vehicle insurer announced April 16 it is adding to its earlier 90-day payment deferral option for customers renewing during the coronavirus restrictions. ICBC will be waiving its $30 cancellation fee and $18 re-plating fee for people who choose to cancel their insurance temporarily. Customers will be required to remove the plate from the vehicle while it is not insured and the vehicle must be kept off the road.

“Customers who reinsure May 30 or thereafter will be able to reuse their plate,” ICBC said in a statement. “Customers reinsuring prior to that date will be issued a new plate at no charge and at that time are expected to surrender their plate.”

Fleet vehicle customers are also allowed to suspend their insurance to save money while business activity is curtailed due to pandemic-related emergency orders. People wishing to change their coverage due to driving restrictions or arrange storage insurance can do so by calling their ICBC broker.

ICBC brokers are now set up to do some transactions by phone or email, such as renewing expiring insurance and driver’s licences.

RELATED: Online ICBC renewals, 90-day payment deferral available

RELATED: B.C. moves ahead on removing lawyers from ICBC cases

ICBC also confirmed that customers can use their vehicles for delivery of food or medical products and services, without changing their vehicle use insurance or paying an additional premium. This includes volunteers helping isolated seniors.

For learner licences that are expiring during the pandemic restrictions, the fee for their first knowledge test will be waived once testing resumes. Road tests are also suspended due to the pandemic.

ICBC told Black Press Media that any savings through a reduction in claims costs during the ongoing pandemic will benefit B.C. drivers into next year.

In March, the B.C. government passed legislation that any ICBC surplus must remain within the Crown corporation and be used to benefit motorists.

“We have been directed by government to analyze the impact of the pandemic on our organization, and provide a public update in the coming weeks,” ICBC said in an emailed statement. “That work is underway now, and as it continues, we remain focused on meeting the immediate needs of our customers, in addition to the longer term goal of implementing Enhanced Care coverage and delivering an average 20 per cent rate reduction in 2021.”

Any driver facing financial challenges during COVID-19 is able to access a 90-day deferred payment and ICBC will set up extended payment plans for customers who need that flexibility at the end of the deferral period.

BC legislatureCoronavirusICBC

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

BC Timber Sales’ operations on the North Island and Central Coast to be audited

The Forest Practices Board randomly chose the region to check for compliance to legislation

BC Ferries Sailing Cancellations

Prince Rupert - Haida Gwaii - Northern Adventure

Month-long water quality advisory still in effect for Rupert residents

The City of Prince Rupert recommends those with weakened immune systems boil water prior to use

Jennifer Rice North Coast MLA seeks re-election

Northwest politicians announce intent on elections

Unofficial holidays: Here’s what people are celebrating for the week of Sept. 20 to 26

Rabbit Day, Hobbit Day and One-Hit Wonder Day are all coming up this week

COVID-19: 4 more deaths, 366 new cases in B.C. since Friday

A total of 8,208 people in B.C. have tested positive for COVID-19 since January

Group wants Parliament, courts to hold social media to same standard as publishers

Daniel Bernhard made the comments shortly after Friends of Canadian Broadcasting released a research paper

B.C.’s Chase Claypool catches first NFL touchdown pass

Abbotsford grad establishes new record for longest scrimmage TD by a Canadian

B.C. has highest number of active COVID-19 cases per capita, federal data shows

B.C. currently has 1,803 active cases after weeks of COVID-19 spikes in the province

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

181 days gone: Family continues to look for man last seen in RCMP custody 6 months ago

Brandon Sakebow’s last known location was leaving Mission RCMP cell, police say; family has doubts

B.C. unveils new cannabis sales programs to help small, Indigenous growers

Government did not say how it will define small producers, but says nurseries will be included in the policy

B.C. transportation minister will not seek re-election

Claire Trevena has held the position since 2017

Most Read