Updated on May 13, 2011
Pay-as-you-drive car insurance could reshape transit priorities while generating new funding
The hunt is on for new transit funding sources. Road pricing — tolls or vehicle levies, for example — is a favourite candidate.
But distance-based insurance, the idea of linking travel behaviour to ICBC premiums, has received less attention, despite the apparent ease of implementation. According to Translink planners, it would be costly and time-consuming to put in place.