Highlights: Penalties for tickets to increase, accident forgiveness to take longer

NEW APPROACH

Customers will be required to list all of the drivers who may operate an insured vehicle, and their experience and crash history will be taken into consideration when calculating premiums.

ICBC will consider at-fault crashes that happened over the past 10 years when determining a customer’s premium, up from the current three years. ICBC will forgive one accident claim for customers who have 20 years of driving experience and no at-fault crashes in the previous decade. Once a claim is forgiven, it will take another decade of crash-free driving to earned another credit, up from the current three years.

DRIVERS

Up to 40 years of driving experience will be weighed toward additional basic insurance discounts, up from the current nine years of crash-free driving.

Premium increases earned by racking up penalty points, by getting traffic tickets, would increase by 20 per cent this fall and another 20 per cent in fall 2019.

People who earn risk premiums for more serious offences, such as drunk driving and excessive speeding, will also face increases of 20 per cent this fall and another 20 per cent in fall 2019.

Inexperienced drivers will continue to have access to premium discounts, but they will be reduced to better reflect the driving risk they present.

VEHICLE

Data about where a vehicle is driven, which are used to calculate premiums, will be updated for the first time in a decade. They will reflect changes in traffic density, population size and urban infrastructure.

DISCOUNTS

A 25-per-cent discount for qualifying people with disabilities remains, along with a discount for eligible seniors.

A new 10-per-cent discount for vehicles that have original, manufacturer-installed, automatic emergency braking technology.

A new 10-per-cent discount for vehicles driven less than 5,000 km in a year.