ICBC has announced it has started delivering $110 rebates to more than 3.7 million customers.
In total, the insurance company is offering British Columbians $410 million. This applies to all personal and commercial customers with an active, eligible basic insurance policy as of January 2025.
“As a result of prudent fiscal management and the strong financial position of ICBC, we have another opportunity to put money back into the pockets of ratepayers,” said Garry Begg, minister of public safety. “This rebate is just one small way for ICBC to give back to its customers as we all navigate global economic uncertainty and increased costs in the face of unjustified tariffs.”
ICBC stated in a press release that, after reviewing its business practices, it is working exclusively with Canadian vendors to deliver these rebates, in light of U.S. trade actions against the country.
Eligible customers will receive a letter from ICBC detailing their rebate amount and payment method.
Policy types that are not eligible include:
-
Storage policies
-
Temporary operation permits
-
Policies for golf carts, off-road vehicles, limited-speed motorcycles, trailers, and collector vehicles
Most mailed rebates will be processed between mid-March and May 2025.
ICBC only sends rebates via mail. The insurer urges customers who receive a text message or email claiming to contain their ICBC rebate to delete it or mark it as spam. Do not click on any links in the message.
For more information, visit the www.icbc.com.
