In 2025, ICBC is offering a $110 rebate to eligible insurance customers. This rebate is a result of ICBC’s strong financial position, thanks to better-than-expected investment income and efforts to build back capital reserves 1. If you had an active Basic insurance policy in January 2025, you might be eligible for this rebate.

Who is Eligible for the 2025 Rebate?

Most customers with an active Basic insurance policy in January 2025 are eligible for the rebate. This includes both personal and commercial policies 1. However, certain policy types are not eligible, such as storage policies, temporary operation permits, and policies for golf carts, off-road vehicles, limited speed motorcycles, trailers, and collector vehicles.

How Will You Receive Your Rebate?

The rebate will be processed between mid-March and May 2025 1. Most customers will receive their rebate via the payment method used to pay for their eligible policy 1. If you have multiple policies and paid using different payment methods, you may receive your rebates in multiple ways 1.

For customers who paid via ICBC payment plan, the rebate will be applied to the next scheduled payment(s) until the $110 is received in full 1. If you are no longer paying via payment plan, you will receive your rebate by cheque 1. Cheques will be processed between April and May 2025, and it may take another one to six weeks for delivery 1. If you paid by credit card, the rebate will be issued as a refund to the credit card used to pay for your policy.

Important Information

ICBC does not issue rebates by text message or email 1. If you receive a text message or email claiming to contain your ICBC rebate, delete it or mark it as spam. Do not click on any links included in the message.

Conclusion

The ICBC 2025 rebate is a great opportunity for eligible customers to receive financial relief. Make sure to check your eligibility and understand how you will receive your rebate. For more information, visit the ICBC website.