sunday

news

ICBC rates drop | for 1 family members

o ~For-dads: and-moms. whose- older: ‘teenage: ‘kids
. with shiney new driving licences want to horrow °
the family car once a week or so ‘there’s good
. Mews from the Insurance. Corporation of B.C.
Next year it’s going to cost dad and mom less.

‘Parents whose sons and :

daughters are allowed | to
drive the family car under
occasional, operator con-
ditions, will benefit under
the |
F, A. I. R. Program. .

Starting January 1, the
under-25 single | occasional
driver rate group is being
phased out completely and
adult vehicle owners will no
‘longer have to pay a higher
premium.

The 54,000 young drivers
in this group will be covered
by the principal operator's
insurance, although ac-

non-discriminatory . through

casional operator. limitations
still apply.

It’s one of a series of
changes being brought about
the Insurance
Corporation’s F.A.LR.
program -—— Fundamental

Auto Insurance Rating. —-..

which now goes into effect

on New Year's Day.

Starting January 1, the

program will remove sex and

marital status as rating
factors in auto insurance and
result in a decrease of ap-
proximately 30 per cent in
the average premium for
215,000 young male vehicle
owners, —

oP: Acl. R: in-1980 -will-also~ 215 ,000 -- -young males... for ....

‘bring ‘about the first stépina
five year program. to remove
geographic location as a
rating factor. As' a result,

premiums will increase in-

some __ territories
decrease in others.

and

The safe driving incentive
grant, given to under-25
single male vehicle owners

or principal operators will be —

the =
F.A.1.R. Program provides _

discontinued because
greater benefits.

It should be noted the safe
driving vehicle discount will
still be in effect in 1980,

“AGE” A YEAR LATER

The removal of “age” as a
rating factor will take place
in 1981 when 55,000 under-
25 females will join” the

reductions: in the average

premium) ranging up‘to 25.

per: cent, depending | upon
which vehicle “ use” category
they require. so

.

At this point premiums for —
third party. liability coverage

for all drivers
Columbia,

in British
will. be’ deter-

mined by vehicle “use” —
pleasure only, drive to work

or business. The only factors
considered in: determining
premiums ° for

and value.

The safe driving vehicle
discount will still be in effect
in 1981, but an accident
premium of $100 a year for
three years will be paid by
drivers at fault in an accident

CONTINUED ON PAGE C4

collision ~
_ coverage will be vehicle use

AAORE ANRC
SRE

~ John 1 Smyth “Rod Franske- Dilek Dynham -

Come in and let the Professionals in-
troduce you to ‘the best values arid
selection on the North Shore.

'

eogemont interiors Leo.

CARPET & LINO CENTRE
2029 Lomedale Ave, —
(oat across from London Drugs)
985-0114