ICBC’s new insurance rating model
This section is for fleets, driving schools, garage service operators and others interested in finding detailed information on the new insurance rating model, and what the changes mean to them.
Changes coming to insurance as of September 1, 2019
We're moving a more driver-based insurance model, where driving experience and crash history will play a bigger role in determining premiums. This means crashes will be tied to the driver, not the vehicle, to help make sure drivers are more accountable for their driving decisions.
Listing drivers is the foundation of the new model. When customers purchase or renew insurance, they'll be asked to declare a principal driver and bring the driver's licence number and date of birth for each driver they want to list.
Fleets (companies with several vehicles covered under Fleetplan) will not need to list drivers. Check Fleets for more details on how fleets are impacted by the new insurance model.
Although fleets will not need to list drivers, there are possible impacts to your drivers or customers due to the changes.
Find information about how the changes impact driving schools and some things you should consider when purchasing or renewing your insurance.
Garage service operators should be aware of how the changes could impact their drivers or customers, claim repayment and courtesy cars.
will not follow emergency services personnel who cause a crash while conducting
their duties. This
helps ensure that there are no personal premium impacts for these emergency
services drivers, even if the vehicle is not rated for emergency vehicle use.