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ICBC rebate announced as relief from high gas prices

3/30/2022

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To help British Columbians deal with high gas prices, ICBC announced last week it is providing drivers with a one-time $110 rebate ($160 for commercial drivers).
 
Rising fuel prices — caused by what Premier John Horgan called "Putin's illegal war in Ukraine" — have made life more expensive and led to calls for the province to reduce fuel taxes. And while consumers will welcome the rebate, there are concerns that the cash back from ICBC could increase demand for fuel. A better solution, some economists say, would be to focus relief on commercial vehicles facing higher costs — costs that will inevitably be added to the price of goods and services.
 
The ICBC rebate will be directly deposited in customer's accounts or applied to their credit card, depending on how they pay for vehicle insurance. ICBC will not text or email information about the rebate and warns customers to be vigilant about fraud attempts.
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  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • 1863 Impact Award
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
  • Events
    • Signature Events >
      • Annual Auction
      • Business Awards
      • Business Hall of Fame
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2023
    • Sponsorship
  • News & Advocacy
    • Weekly BizNews >
      • BizNews-articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • About Us
    • Emerge >
      • Emerge Events
      • Emerge Mentorship
      • Emerge Connect
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us