786 replies to this topic

[Mike K.]

Nothing will change until road licensing and testing pick up the ridiculous standard. The level of aggression and poor habits are shocking. And we pay for it through the nose.

$2200 to insure two vehicles for the year with no collision and a maximum discount is insane.

[VIResident]

The biggest of the big are getting hacked - it sucks and it sucks even more that this happened to ICBC BUT,  why oh why did they farm this job out to an Ontario printer?  Surely we have plenty of qualified printers in BC?  "Mike Farnworth says the Insurance Corporation of B.C. discovered last weekend the private Ontario company it hired to print and distribute the rebate cheques was the victim of a cybersecurity breach."

 

Perplexing. 

  B.C. auto insurance rebate cheques delayed after 'criminal' cyberattack: minister

https://www.timescol...ster-1.24296199

[Matt R.]

Rebate cheque came today, a whole $80.

Matt.

[LJ]

I got $231.

[Mike K.]

$147.

[Matt R.]

I guess my rates are low so my rebate is low. Max discount and private insurance for the rest of it, so not something to complain about.

Matt.

[vortoozo]

Are the amounts you are getting roughly equal to the quoted 19% paid between the eligible months?
Seeing a number of people claim they're receiving very small amounts $2, $5, etc. 

[Mike K.]

It’s all a mystery. My rebate is in line with most people I know, but I had two vehicles insured in 2020 so I’m not sure if the cheque pertains to one or both as the accompanying letter made no reference to a specific policy.

[rjag]

wife received $178 yesterday, not sure if its for both her cars or not. I had bought and sold 3 cars last year so will be interested to see what comes my way

[lanforod]

I got two cheques so far. 33 and 280 ish.

[vortoozo]

Are the amounts you are getting roughly equal to the quoted 19% paid between the eligible months?
Seeing a number of people claim they're receiving very small amounts $2, $5, etc. 

 

It’s all a mystery. My rebate is in line with most people I know, but I had two vehicles insured in 2020 so I’m not sure if the cheque pertains to one or both as the accompanying letter made no reference to a specific policy.

 

I did some back of the envelope math on mine, and it was in line with the expected 19%.

I think you mentioned upthread that you use private optional insurance, possibly the $147 you received was for both your vehicles.

[Mike K.]

That’s only as of January of 2021, but the rebates are for 2020, I thought?

[vortoozo]

That’s only as of January of 2021, but the rebates are for 2020, I thought?

 

Yes, you're right. The rebate is meant to be approximately 19% of the premium customers paid for coverage between April 1, 2020 and September 30, 2020.

[Victoria Watcher]

icbc starts no fault today.

[Victoria Watcher]

news 1130

 

 

 

ICBC to issue second COVID-19 rebate

 

The province says this second rebate is "in recognition of lower claims costs due to fewer crashes" throughout the pandemic. The new rebates, which ICBC says will average $120 per policy, will be sent out in mid-July. "Roughly 70% of customers will get a rebate between $60 and $200," the province says. Thousands of British Columbians are still waiting to receive cheques as part of the auto insurer's first rebate promise.

Edited by Victoria Watcher, 11 June 2021 - 08:06 AM.

[Mike K.]

I think I got these rebates recently. One was via cheque and the other via credit card.

[spanky123]

I think I got these rebates recently. One was via cheque and the other via credit card.

 

I have been rebated 3x now for the same policy. I am pretty close to the point where they are paying me to have insurance. Happy days!

[Victoria Watcher]

icbc is now a reverse dumpster fire.

 

[sebberry]

I think I got these rebates recently. One was via cheque and the other via credit card.

 

Yeh, one is supposedly a credit card and I got a cheque a while back.  Is there a third coming up then?

 

I find it odd that ICBC cancelled their monthly payment via credit card plan.  I pay all at once but monthly would help.

[lanforod]

I've gotten 6 rebates so far...