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Find how much you’ll pay each month with our British Columbia car insurance calculator.
Visit your province's government-sanctioned insurance website to find a broker offering insurance services in your area.Find Broker
Basic car insurance in British Columbia is regulated and provided by the Insurance Corporation of British Columbia (ICBC) through the Crown corporation’s program, Autoplan. Additional, non-mandatory coverage can be purchased from private car insurance companies.
Because B.C. has a public car insurance system, LowestRates.ca can’t provide a car insurance estimator tool for B.C. customers like we do for other provinces. However, the ICBC does have its own car insurance cost calculator for B.C. residents. Additionally, you can find an Autoplan broker by clicking on the ‘Find Broker’ button above.
Keep reading to learn how your B.C. car insurance rate is calculated and what you can do to get the most coverage for the best price under B.C.’s car insurance system.
Even though the Insurance Corporation of British Columbia (ICBC) is the sole provider of car insurance to all drivers in British Columbia, car insurance premiums are calculated roughly the same way they are in any other province, with a few differences.
As in other provinces with public car insurance systems, B.C. drivers are not rated based on their age and gender. By contrast, car insurance companies are allowed to base rates on this criteria in Ontario and Alberta.
And there’s one other crucial difference: in British Columbia, each insurance policy starts with a base premium. The base premium for basic insurance is $1,063 (as of April 2019). The premium increases or decreases depending on the following categories:
We’ll go into detail about each category.
Here are the kind of questions you can expect to be asked when you buy an Autoplan insurance policy. It is helpful to have the answers handy beforehand to have the best experience.
Next, you’ll be asked some questions about yourself and your driving history.
The ICBC provides various car insurance discounts. Your Autoplan insurance broker should work with you to help you determine which ones you qualify for. Here are the discounts the ICBC offers B.C. drivers:
Despite an almost entirely government-run insurance market, B.C. drivers pay the highest car insurance rates in the country.
The base premium for basic insurance is $1,063. The base premium either rises or falls depending on your driving and insurance history. According to the Insurance Bureau of Canada, drivers pay an average of $1,832 a year for car insurance.
As in Ontario, the car insurance industry blames rampant fraud for sky-high B.C. insurance rates. Other factors that contribute to B.C.'s steep premiums include strict mandatory minimum liability regulations and generous accident benefits laws. Some experts also say the lack of competition in the province's government-dominated insurance market is a key contributor to high insurance rates.
The following coverage is included in a basic Autoplan policy:
Personal injury and basic property damage costs are covered by Autoplan. But it’s possible to buy extra coverage for your car. Here are the different types of insurance policies that will protect your car:
There are many ways to get cheap auto insurance in B.C.:
Which ones best fit your lifestyle?
After a nasty 100-vehicle pileup in Ontario this past weekend, we felt it a good time to share some of the best tips for winter driving, so you don’t end up like one of those poor drivers on Youtube