Vancouver – John Rustad, the leader of the Conservative Party of British Columbia, unveiled a comprehensive proposal to abolish the Insurance Corporation of British Columbia’s (ICBC) monopoly on basic auto insurance. In his announcement, Rustad emphasized the need for competitive car insurance options for drivers across the province.
Criticizing the current system, Rustad referred to ICBC as a “bloated monopoly” that has been mismanaged for years, leaving British Columbians stuck in a broken system. He further accused the NDP government, led by Premier David Eby, of stripping away the rights of accident victims, making it difficult for them to rebuild their lives.
“The system is not only wrong, it’s cruel,” Rustad stated. He argued that bringing competition into the insurance market would help lower costs and provide better support for accident victims, along with giving drivers—both young and old—fairer choices.
The Conservative Party’s plan focuses on breaking ICBC’s exclusive hold on the basic auto insurance market. This would allow other insurance providers to enter the market, offering consumers the freedom to choose an insurance plan that suits their needs.
“British Columbians deserve better than being forced into a broken monopoly. They should have the freedom to choose the insurance plan that works best for them,” Rustad concluded.
This announcement marks a major shift in BC’s auto insurance landscape, with potential impacts on affordability and customer service in the province.