British Columbians will be able to renew their Insurance Corp. of British Columbia (ICBC) automobile insurance online starting in May 2022.
With some restrictions, drivers will be able to renew personal insurance and acquire temporary operating permits. ICBC says more insurance products are expected to be made available in the future.
"This is another important step to make ICBC work better for British Columbians. While we make progress toward online renewals, our main focus remains on delivering Enhanced Care coverage and an average 20% reduction in insurance rates for British Columbians," said B.C. Minister of Public Safety and Solicitor General Mike Farnworth in a news release.
Earlier this year, the provincial government announced a massive overhaul of ICBC operations, which includes a transition to a no-fault model of insurance delivery. The Enhanced Care system promises to deliver higher care, treatment and income benefits to drivers, while doing away with ICBC's litigious culture.
Enhanced Care is expected in May 2021, a year before online renewals will be made available. The new online model is being developed with input from industry, including representatives from ICBC and B.C.'s broker community.
Additional details regarding how British Columbians will purchase insurance online are expected next year.
Over the next year, the province will develop regulations around licence plate decals. A decision on the future of decal requirement is expected next year, and consultations on the issue are underway with B.C. insurance brokers and other stakeholders.
