New ICBC no-fault insurance model launches in May

 
VICTORIA --
As of May 1, ICBC’S enhanced care auto insurance program, also known as "no-fault insurance," will be rolled out to drivers across the province.
"I think it’s a better system because there are more benefits for people to get better," said Nicholas Jimenez, president and CEO of ICBC.
"Fault still matters, you will still pay higher premiums if you cause a crash," he said.
The new insurance structure will save drivers an average of $400 per year, and provide expanded access to recovery healthcare for those who need it, according to ICBC.
"A big part of the savings in the new system is the fact that we won’t be spending hundreds of millions of dollars on litigation," said Jimenez.

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