ICBC Unfair Fault Finding Can Cost You Over $8,000!

If you are involved in a BC Crash ICBC, the Provincial monopoly insurer, will internally decide if you are at fault or not.

If they get it wrong and blame you for a crash you should not be responsible for it can cost you a lot.

Leaving aside things like paying for collision damages, deductibles and potentially expansive optional coverage which can amount to many thousands of dollars something as simple as basic ICBC coverage can skyrocket by the thousands after a single crash that ICBC blames you for.

ICBC uses a complicated formula to determine how much basic insurance rates cost based on various factors including driving experience and at fault claims history.  If ICBC finds you at fault for a crash premiums can increase by many dollars for many years.  For some drivers the ultimate bill, as demonstrated in the below charts, comes to over $8,000 in increased basic premiums.

If ICBC unfairly blames you for a crash understand these costs before you accept their decision.

If you are interested in challenging ICBC for a wrongful fault determination contact us and we can discuss your options.

 

Table 1: Premiums for 5-year driver

Year Premium

(no CCP)

Premium

(1 CCP)

Premium

(2 CCP)

1 $881.07 $881.07 $881.07
2 $879.96 $1,644.29 $1,644.29
3 $764.40 $1,512.50 $1,512.50
4 $709.85 $1,195.83 $1,195.83
5 $667.93 $1,105.76 $1,105.76
6 $645.50 $1,036.26 $1,036.26
7 $632.17 $991.04 $1,623.49
8 $623.68 $977.08 $1,587.18
9 $613.58 $963.57 $1,339.98
10 $605.00 $949.17 $1,310.59
11 $601.76 $936.04 $1,287.18
12 $598.74 $598.74 $954.61
  $7,342.57 $11,910.28 $14,597.66

 

For a new driver with a CCP on their claim payment record in the first year, increased insurance premiums over the first ten-year period result in an additional $8,266.96. If premiums for a CCP increase after the first year it is reduced to $6,894.63.

 

Table 2: Premiums for a new driver with and without a CCP

Year Premium

(no CCP)

Premium

(1 CCP)

1 $1,246.64 $3,603.46
2 $1,151.12 $2,697.53
3 $1,068.78 $2,055.08
4 $1,002.53 $1,831.95
5 $942.21 $1,635.94
6 $881.07 $1,312.82
7 $817.88 $1,215.44
8 $764.40 $1,133.30
9 $709.85 $1,049.55
10 $667.93 $984.31
  $9,252.43 $17,519.39
     
     

Contact

If you would like further information or require assistance, please get in touch.

ERIK
MAGRAKEN

Personal Injury Lawyer

When not writing the BC Injury Law Blog, Erik is the managing partner at MacIsaac & Company, based in Victoria, B.C. He is also involved with combative sports regulatory issues and authors the Combat Sports Law Blog.

“Work hard, be kind and enjoy the ride!”
Erik’s Philosophy

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