How your Optional coverage affects your premiums

Your total Autoplan premium is affected by any additional Optional coverage you choose to buy. The more Optional coverage you purchase, the higher your premium will be.

Basic Autoplan provides the minimum required insurance to be on the road in British Columbia. Optional coverage lets you increase your coverage to suit your needs.

ICBC offers many types of Optional coverage in addition to providing Basic Autoplan. For example:

• Go from a $200,000 limit up to $5 million with Extended Third-Party Liability coverage.
• Go from a $1 million limit up to $2 million with Excess Underinsured Motorist Protection.

Your deductible

Your deductible is the amount you pay in the event of a claim before ICBC covers the rest. The lower the deductible, the more your insurance will cost. Your broker can provide quotes on how different deductible amounts will affect your premiums.

What else affects what I pay for insurance?

Find out what else we take into account when setting premiums.

Spending less on Optional insurance

If you are looking to reduce your Optional insurance costs, talk to your Autoplan broker to find the right insurance coverage to meet your driving needs.