ICBC has launched a new online tool in an effort to give customers a better estimate of how much they will save under Enhanced Care.
ICBC’s new “Enhanced Care” coverage – launching on May 1, 2021 – is intended to help drivers save money on insurance premiums, according to the provincial government.
The new online tool is intended to help B.C. drivers understand what the upcoming coverage changes will mean to them, with ICBC claiming that customers who purchase basic and optional insurance will save 20 per cent on average.
The Government of BC also says that drivers will be eligible for a one-time, pro-rated refund.
“Our government is set to deliver much more affordable ICBC premiums, and now drivers can see how much they’re going to save and how much of a refund they can expect after May 1,” said Mike Farnworth, Minister of Public Safety and Solicitor General. “In just minutes, drivers will be able to get an estimate of how much less they’ll be paying for auto insurance going forward.”
In order to use the insurance estimator tool, customers can log in to the online platform – found here – with their B.C. driver’s license and license plate numbers.
The government says that once logged in, customers will be able to view and adjust coverage options and calculate an estimate for their upcoming renewal.
“The tool will compare what they paid last time and approximately how much they will save under Enhanced Care,” reads a statement from the Province. “If a customer is within 45 days of their renewal date, they can save the information to review it with an Autoplan broker when it is time to renew and pay.”
Any B.C. drivers who are eligible for a refund will see an amount displayed, showing the difference between their current Autoplan coverage and the new Enhanced Care coverage.
The Province says that refunds are dependant on the customer’s renewal date and how much of their current policy extends beyond May 1, 2021.
“Today’s announcement brings us one step closer to the promise of more affordable auto insurance rates for British Columbians,” said Nicolas Jimenez, president and CEO, ICBC. “Our online estimator tool will help to make clear the extent of Enhanced Care savings British Columbians can expect as we move toward our May 1 launch, delivering not just lower-cost insurance but also significantly improved benefits, regardless of fault.”
Online premium estimator tool and more details of ICBC’s Enhanced Care coverage: http://icbc.com/EnhancedCare
Graham Cox
Rob Shaw
