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New drivers and serial crashers can expect to be among the one-third of B.C. drivers to feel the sting of proposed changes to auto insurance rates, as the province seeks to clean up a financial mess at ICBC.

Attorney General David Eby gave details Thursday of a plan to fix the Insurance Corp. of B.C. The government-monopoly insurer is on track to lose $1.3 billion this year because of more crashes and skyrocketing bodily injury claims costs, something Eby has called a “financial dumpster fire.”

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Based on today’s insurance rates, about 39 per cent of drivers could get a reduction up to $50, 13 per cent between $50 and $100, and 15 per cent more than $100, the government said. Meantime, 11 per cent face increases up to $50, five per cent between $50 and $100, and 17 per cent more than $100.

But ICBC is expected to seek a rate increase before the new system comes into effect in September, 2019.

The proposed changes would move ICBC’s basic insurance to a “driver-based model,” where at-fault crashes are tied to drivers rather than vehicle owners. New discounts would be given for new vehicles with manufacturer-installed automatic braking systems or which are driven less than 5,000 kilometres a year.