Service Alert
Postal dispute:
The ongoing labour dispute at Canada Post may cause minor delays in the delivery of ICBC-related mail. ICBC has plans in place to minimize disruption and to maintain a high level of customer service. Thanks for your patience.
Last updated Wednesday, Oct 31, 2018 04:39 PM

Making rates more fair

Starting September 1, 2019, drivers will be held more accountable for their decisions and driving behaviours – so that Basic insurance premiums will better reflect the risk drivers represent. Lower-risk drivers will be better recognized for their safe driving behaviours and higher-risk drivers will pay more of their fair share.

What will determine your premiums?

Under the new model, Basic insurance premiums will be determined by a number of factors that fall under these categories:

The driver

There are two key factors in this category: how long you've been driving and your crash history.

Find out more

The vehicle

This focuses on where you live (your territory) and how you use your vehicle (your rate class).

Find out more

Discounts and add-ons

Considerations that may qualify for a discount and options for unlisted drivers and learners.

Find out more


Driver Penalty Points and Driver Risk premiums

In addition, to ensure higher-risk drivers pay more of their fair share, the amounts under the Driver Penalty Point and Driver Risk Premium programs will increase. These are separate from Basic insurance. 

Find out more