Making rates more fair

We want to make insurance rates more fair for British Columbians by holding all drivers more accountable for their driving decisions and behaviour.

If the proposed changes are implemented, the majority of B.C. drivers (about two-thirds) would see lower Basic insurance premiums, and one-third (high-risk drivers) would see higher rates.


Have your say

Our customers have been saying for years that the insurance system would be more fair if lower risk drivers paid less for their insurance, and higher risk drivers paid more. We agree. We want rates to more fairly reflect a customer’s risk of getting into a crash.

We’re inviting all British Columbians to provide feedback on some of the changes being considered. Have your say on proposed discounts, how at-fault claims and driving convictions should impact insurance premiums, and more. To find out more and provide your feedback visit the B.C. Government website at

What’s changing?

Crashes and driving experience

Right now, driving experience and at-fault crashes are taken into account when determining rates, but only in a limited way. We believe drivers should be held more accountable because the more at-fault crashes a customer has, the higher their risk of causing another crash.

We also want to extend the discount safe, experienced drivers receive. Currently, there are no additional safe driving discounts given after nine years for Basic insurance customers and 20 years for Optional insurance customers.

Driving violations

Research has shown that drivers with convictions, particularly those with multiple or serious convictions, are more likely to have a crash in the future. Their insurance premiums should reflect this added risk.

ICBC and the B.C. government are already taking steps to further penalize people who choose to drive dangerously. But more can be done with how ICBC sets rates for high-risk drivers.

Under the proposed changes, Driver Penalty Points and Driver Risk Premium amounts would be increased to better align with past increases to Basic insurance premiums. Multiple and serious driving convictions would also be taken into account when determining premiums for ICBC’s optional insurance coverage.

Additional new discounts

Drivers who use their vehicle only occasionally, or who purchase vehicles with advanced safety features, are currently not rewarded with appropriate discounts.

Customers who drive their vehicles less than 5,000 kilometres per year will receive a discount to reflect the reduced risk they pose. Drivers who purchase vehicles with an automatic emergency braking system – a safety feature proven to reduce crashes – will also receive a discount.

Location and vehicle use

Where you drive, and what you use your car for, helps to determine what you pay in insurance. However, the data ICBC uses for this is over 10 years old. It hasn’t been updated to reflect changes in things like population density, commuting patterns and other factors which affect the risk of getting in a crash.

We’ll be updating this data to more accurately reflect the risks associated with location and vehicle use today.