ICBC is expected to soon start handing out their one-time rebate cheques to many who had car insurance last year. As a result of ICBC seeing fewer crashes overall and fewer claim costs, they are issuing these one-time rebate cheques to drivers, with exceptions for those with short-term, storage, or distance-based policies, whose premiums, they say, already reflect lower usage.
The average amount that drivers see in those cheques could be $190 for the pandemic rebate.
Some could see several hundred coming, perhaps as much as $400.
Those cheques are expected to start being sent out in March.