What Basic Autoplan costs

Your insurance rates are based on where your vehicle is driven, where your vehicle is located when not in use, what your vehicle is used for, and how good your driving record is.

How do we calculate your premium?

The amount you pay for your Basic Autoplan is called a premium. Each driver in B.C. pays a premium based on the following:

• Where you live — If you live in a bustling city, you will experience different driving conditions than someone who lives in a small town. Your insurance takes this into account. If you drive where there is heavy traffic, you have a higher chance of being involved in a crash, so your insurance costs more. Find out more about the influence of where you live.
• Rate classes — Using your vehicle to drive to work is different from using it for your business. ICBC charges different rates accordingly. There are more than 150 different rate classes to cover all the different ways B.C. drivers use their vehicles. Find out more about the common rate classes.
• Your claims history — If you have been at fault in a crash, your insurance will cost more. The frequency of claims is taken into consideration. Likewise, you will get better discounts if you maintain a crash-free record. More on your claims history.
• Extra coverage — The more Optional coverage you buy, the higher your insurance premiums will be.