ICBC is seeking to raise basic auto insurance rates by 5.2 per cent.
That comes out to about another $3 a month per driver.
“The need for the change is due to ongoing pressure from increasing injury claims costs, which cover payouts for pain and suffering, future care and loss of wages,” says the Crown corporation in a news release.
It says its injury claims totalled $1.9 billion in 2013 alone – up by $73 million from 2012.
If approved, the new rate would take effect Nov. 1.