I received a cheque in the mail this week. It was a rebate from the provincial auto insurance company, ICBC. The reason for the rebate is explained here, but essentially less driving because of the pandemic led to less crashes and thus less claims for the insurer. Less claims means more money was saved by ICBC.
Though they say the average rebate would total around $200, my rebate wound up being $11. There’s probably a few reasons behind that small amount. One, compared to most drivers, especially younger ones, my insurance is much cheaper, by the thousands annually. Also, I only insure my car for leisure because I don’t use it to drive to work (even before the pandemic), so that leads to a smaller amount. So, it makes sense my rebate isn’t that big.
I am not complaining about getting $11 back. Indeed, someone got a $1 rebate and wasn’t that happy about it. $11 can buy me a few groceries, so that’s not so bad.