As part of the
proposed changes to make Basic insurance premiums more fair, a
new discount for vehicles that are driven less than 5,000 km in a year is being introduced (if approved by our regulator, the B.C. Utilities Commission). The 10% discount would take effect in
Who would benefit?
The discount may benefit those who do not regularly use their vehicle, only drive on evenings and weekends, use public transportation to commute to school or work during the week, or simply have a second vehicle that’s not used very often.
The discount applies to Basic, Extended Third Party Liability and Collision premiums.
The discount is based on the mileage driven over the last 12 months. This is determined by an odometer reading from the previous policy term, and another at the policy’s renewal a year later.
Collecting odometer readings
September 1, 2018 or later, or upon a new annual policy being issued after September 1, 2018.
Starting August 23, your Autoplan Broker will be able to collect this information for policies with a renewal date of
Only annual policies are eligible for the discount (not short-term policies).
There are certain
rate classes that will not be eligible, such as motorcycles and collector vehicles because their rate classes already reflect low kilometres travelled as most of these vehicles are not used year round. This discount is meant for those who are in rate classes where the majority of the vehicles are driven longer distances.
Talk to your broker if you have questions about your vehicle’s eligibility.
How the discount works
If you have a vehicle that may qualify for this new discount, you need to provide your vehicle’s odometer reading at your next annual renewal. This will begin the
qualifying period for the discount.
In a year’s time, at your annual renewal, the odometer reading would need to be provided again to determine if the vehicle was driven less than 5,000 km during the year. The discount would then be applied at that time to your renewed policy. If the vehicle was driven 5,000 km or more, it would not be eligible for the discount.
Providing an odometer reading to your broker
To provide the odometer reading, you will need to show your broker one of the following:
a photo of the vehicle odometer taken within the last seven days
a receipt or work order with an odometer reading dated within the last seven days from either a garage, a mechanic, an auto shop or auto dealership
a reading through a service or app which reports vehicle information and diagnostics, generated within the last seven days.
Changes to your policy or transfers mid-term
Unfortunately, we cannot add or change odometer readings mid-way through your policy term. Interested customers can only provide their odometer reading at the time of their
annual insurance renewal.
The low-kilometre discount cannot be transferred to another vehicle mid-term.