Insurance Brokers Criticize BC Report Claiming Province’s Auto Insurance Among Lowest in Canada

Vehicles move in Vancouver in a file photo. The Canadian Press/Jonathan Hayward

A report recently released by a Crown corporation in B.C. comparing how auto insurance rates in nearly every province are more pricey than in British Columbia is facing criticism.

The report, commissioned by the Insurance Corporation of British Columbia (ICBC) and conducted by international accounting firm Ernst & Young (EY), was released on Dec. 8 by ICBC, stating that “B.C. drivers pay among the lowest auto insurance rates in Canada.”