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Basic Insurance Premium To Jump 11.2%
Confirming its rates announcement on Tuesday, November 29, ICBC will
submit an application today with the British Columbia Utilities
Commission (BCUC) for an increase to its basic insurance rates for 2012.
At the same time, ICBC confirmed an average decrease to its optional
insurance rates for next year. When combined, the changes will cost the
majority of customers an average of $27 more per year.
To read the full story on the impact of a 'blended' rate increase visit ICBC HERE.
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