ICBC targets high-risk drivers

The Insurance Corporation of British Columbia (ICBC) is targeting high-risk drivers with a premium that will be paid in addition to the cost of insurance that is linked to the offender’s license.
The Driver Risk Premium will have to be paid regardless of whether the driver owns or insurers the vehicle, the ICBC reports in a release.
High-risk drivers are those who speed excessively, drink and drive, run red lights and partake in other forms of dangerous driving.
“High-risk driers are currently not paying enough given the risk they pose on the roads,” Paul Taylor, ICBC president and CEO, said in the release. “Charging bad drivers more is one way that ICBC is working to keep rates low and stable for safer drivers.”
Drivers convicted of an offence occurring on or after Jan. 1, 2008 for motor vehicle convictions, roadside suspensions and/or Criminal Code driving-related conviction will pay a Driver Risk premium for up to three years.
About 5% of licensed drivers in British Columbia roughly 120,000 drivers will receive warning letters from ICBC. The letters are sent to drivers whose previous experience could result in the Driver Risk Premium if the bad habits continue, the ICBC reports.