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Agreed Value for collector cars

A Collector Motor Vehicle Agreed Value policy gives you extra peace of mind: In the event of a total loss, you receive the value agreed to on the policy for your vehicle. We also waive the deductible (no matter who's at fault).

How to apply

Please follow these steps:

  1. Get collector status for your car.
  2. Purchase own-damage coverage through ICBC—Collision and/or Comprehensive, or Specified Perils.
  3. Complete an Agreed Value Policy Application for Collector Motor Vehicles (PDF). (Application forms are also available at any Autoplan broker.)
  4. Gather documents from Canada and/or the U.S. that support your assessment of your vehicle's value. These documents should include three ads for comparable vehicles of the same year, make, and model. If possible, include price guides, too.
  5. Obtain current, clear, full-colour photos of your vehicle.

    Important: Be sure your photos meet the requirements for your vehicle type. For details, see the back of the application form.
  6. Submit your completed application form, documentation and photos, along with a cheque or money order for $50 (made out to ICBC). You can either
    • submit your application package to your Autoplan broker, or
    • send it directly to:

      ICBC – Special Coverages Underwriting
      Room 316 – 151 West Esplanade
      North Vancouver, BC  V7M 3H9

What happens next

We will contact you if you need to take your vehicle to an ICBC claim centre for an inspection.

Once we have reviewed your application and, if necessary, inspected your vehicle, we will write to you to let you know if we agree with the stated value. If we think the value is too much, you will have the opportunity to provide more documentation for no extra charge.

Once we have agreed on the amount, go to any Autoplan broker with your acceptance letter and application form to buy your Agreed Value coverage.

Who can drive the vehicle?

A vehicle with an Agreed Value policy can only be driven by someone who has held a valid driver's licence for ten or more years, including:

The vehicle must be kept in a fully enclosed, locked garage that can only be accessed by the policyholder and their household members.

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