Driver Risk Premium
Find out if you are affected by the Driver Risk Premium and how much you may have to pay.
You'll pay a Driver Risk Premium if you have at least one of the following:
one or more driving-related Criminal Code convictions
one or more 10-point Motor Vehicle Act convictions
one or more excessive speeding convictions
two or more roadside suspensions/prohibitions
two or more convictions over a three-year period for using an electronic device while driving
Changes to how we set insurance premiums
Starting September 1, 2019, we’re changing how insurance premiums are set, to hold drivers more accountable for their driving decisions and more accurately reflect drivers’ risk.
If you have frequent or serious driving convictions resulting from violations that occurred on or after June 10, your premium costs for Collision and Extended Third Party Liability coverages may be impacted. For more information, read the news release.
Find out more about how we're making car insurance better for B.C.
How the Driver Risk Premium is 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
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.
The Driver Risk Premium (DRP), like Driver Penalty Points (DPP), is separate from Autoplan insurance premiums. They are billed even if you don't own or insure a vehicle.
This table shows the DRP amounts you may have to pay for different types of driving offences.
Amounts continue to increase for more than 10 convictions.
Ways you can save money
There are two ways you can reduce the cost of your Driver Risk Premium (DRP). Give up your driver's licence for:
- your entire billing period and your DRP premium could be eliminated.
Contact us to discuss further.
- at least 30 days during your billing period and your
Driver Risk Premium can be reduced.
Steps to get your reduction
When your chosen length of time has passed,
to confirm the amount owing.
Return to a driver licensing office to reapply for your licence.
Pay what is owed on your Driver Risk Premium as well as the fee to have your licence re-issued.