(The Canadian Press files)

(The Canadian Press files)

B.C. drivers can calculate new insurance rates ahead of ICBC changes

Crown corporation will be moving to a more driver-based model beginning Sept. 1

Drivers can now preview how much their car insurance may cost when ICBC changes take effect on Sept. 1.

The Crown corporation is moving to a more driver-based model, which is expected to drive up insurance rates for drivers with at-fault crashes and criminal convictions, while lowering rates for good drivers.

An online calculator, which launched Tuesday, offers an estimate for basic insurance, based on a driver profile created through a series of questions.

According to ICBC, 10 per cent of drivers either have two or more minor driving convictions or have been convicted of a serious driving offence in the past three years. The province has said optional insurance rates for those drivers will likely increase based on specific infractions.

READ MORE: ICBC insurance renewals get more complicated this year

For a more comprehensive look at your specific insurance rates, log in to your ICBC account. That estimation tool can only calculate rates for drivers whose insurance expires in 44 days or less.

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