Customers with multiple comprehensive claims may have to pay higher deductibles. Here's how they work.
It is the deductible offered to some customers when they have more than the average number of comprehensive claims. It ranges from $500 to $2,500. In rare cases, customers may be denied the option to purchase Comprehensive or Specified Perils coverage.
Our customers have told us they don’t want to share the costs of drivers who have frequent comprehensive claims. To be fair, customers who have more claims pay more of the claims costs.
Protect yourself and your vehicle—and keep more money in your pocket—by following these tips:
For more information, talk to your Autoplan broker.
As your deductible goes up, your insurance premium will actually go down.
Note: You will only pay the higher deductible if you have more comprehensive losses.
How you find out about an escalating deductible depends on your circumstances:
|If . . .||Then . . .|
|you have had two or more claims over two years||we will print a warning note on the bottom of your renewal reminder.|
|you are going to be affected by an increased deductible||we will notify you by letter before your next renewal.|
|you have an escalated comprehensive deductible and you purchase or lease another vehicle||discuss your options with your Autoplan broker.|
After three years, we review your claims record.
However, we may review it sooner if you
To request a review of your file, send a letter explaining in detail what has changed to
ICBC Risk Underwriting
151 W Esplande
North Vancouver, BC V7M 3H9