Driver Risk Premium

Drivers with more driving offences or convictions get involved in more crashes than other drivers. Customers tell us that those drivers should pay more for the higher risks and related claims costs they represent on our roads. That's why we introduced the Driver Risk Premium (DRP).

How DRP could impact you

You will pay a Driver Risk Premium if you have

• one or more driving-related Criminal Code convictions
• one or more 10-point Motor Vehicle Act convictions
• one or more excessive speeding convictions and/or two or more roadside suspensions/prohibitions.

How is the DRP calculated?

Each year just prior to your assessment date (which is usually your date of birth) we review your driving record for offences in the previous three years.

You receive only one DRP invoice per year, but each driving offence may impact DRP billings for more than one year, depending on the rest of your driving record in a three-year period.

Example

Here's an example of how the Driver Risk Premium works if your birthday is on Jan. 1, 2012:

• Your driving history from Aug. 3, 2008 to Aug. 2, 2011 is reviewed for DRP offences.

• You may have to pay a DRP if your driving record shows
  • one or more driving-related Criminal Code convictions, and/or
  • one or more 10-point Motor Vehicle Act convictions, and/or
  • one or more excessive speeding tickets, and/or
  • two or more roadside suspensions/prohibitions.
• The annual DRP amount you may have to pay is shown in the table below.
• If, for example, during the assessment period you have one excessive speeding conviction, you pay $320. As DRP scans your driving record over three years, you’d pay three times $320, for a total of $960.

Premium amounts

This table shows the DRP amounts you may have to pay for different types of driving offences.

Note: Amounts continue to increase for more than 10 convictions.

Ways you can save money

Two options are available to reduce the cost of your Driver Penalty Point Risk Premium (DRP):

• If you give up your driver's licence for one year from your birthday, your DRP premium can be eliminated.
• If you give up your licence for at least 30 days during your "billing period," your DRP premium can be reduced.

DRP questions and answers

Q: Will I have to pay the DRP for more than one year?
A: You will only receive one Driver Risk Premium invoice per year, but DRP looks at all eligible convictions in a three-year period, so a single serious conviction may result in a DRP invoice in each of those three years.

Q: Why is DRP based on a three-year driving record scan?
A: Three years of driving history provides a more accurate prediction of the risk a driver represents (that is, the likelihood they will have a crash resulting in claims costs) than a shorter period of time.

Q: Is DRP part of my Autoplan premium?
A: The DRP and Driver Penalty Point premiums are separate from Autoplan insurance premiums.

They are billed even if you don't own or insure a vehicle.

Any revenue generated offsets Autoplan insurance premiums.

Q: Is the Driver Penalty Point program (DPP) still in place?
A: The Driver Risk Premium (DRP) and Driver Penalty Point programs operate in parallel.

Q: Will I get two bills if I have driving convictions that apply to DPP and DRP?
A: You will only be billed under one program. Whether it's DRP or DPP depends on which has the higher premium.

Q: What happens if I don't pay the premium?
A: If you don't pay your Driver Risk Premium, interest will be applied to any outstanding amount.

Insurance coverage provided with your driver's licence will not be valid and you will not be able to complete any driver's licence or vehicle insurance transactions until you pay any debts owing to ICBC or the government.

More information

Do you have more questions about DRP or want to discuss your driving record?

Or do you want a copy of any driving convictions, offences or suspensions on your record?

Please call our Customer Contact department:

• 604-661-2800, or
• 1-800-663-3051 (toll free).