ICBC is asking the provincial government for a few extra months to work out how it can keep rate increases down.
Basic insurance could go up by 6.7% as the crown corporation faces an explosion in bodily injury claims.
Transportation Minister Todd Stone has learned from ICBC of a 10% increase in such costs the last year alone totalling almost $2.2 billion.
ICBC says there are more potentially exaggerated and fraudulent claims.
Stone says the possible 6.7% rate hike is too much and government will be working with ICBC on strategies to reduce that.
