Driving could get a little cheaper later on this year. ICBC has applied to reduce basic auto insurance rates by 1.9 per cent effective Nov. 1.

The Crown corporation said that a lower number of claims was a factor in the decision to yesterday apply to the British Columbia Utilities Commis­sion (BCUC) for the rate reduction.

BCUC is responsible for regulating basic insurance rates in B.C. and must approve the request before it’s implemented.

“Rate changes are mainly driven by claims costs, and fewer crashes help us keep our rates low and stable,” said ICBC’s president and CEO Jon Schubert.

While the number of claims has gone down, the cost of the average claim has gone up, particularly bodily injury claims, ICBC said.