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- How does Autoplan work?
- Basic Autoplan
- Optional extended Autoplan coverage
- Understanding your insurance costs
- Insuring your teen
- Moving?
- Commercial insurance
- Driving outside of B.C.
Escalating deductibles
Customers with multiple comprehensive claims may have to pay higher deductibles. Here's how they work.
What's an escalating deductible?
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.
Why a higher deductible
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.
- Tips to avoid Comprehensive claims »
Protect yourself and your vehicle—and keep more money in your pocket—by following these tips:
- Auto crime - Use an anti-theft device and remove items in your vehicle from sight. More tips.
- Animal collisions - Watch for highway warning signs. Slow down. Be extra cautious at dawn or dusk. More tips.
- Windshield damage - Always keep a safe distance behind vehicles. Let passing vehicles pass you quickly.
- Windshield repairs - Sometimes a windshield can be safely repaired instead of replaced. Windshield repairs aren’t covered by your insurance, but usually cost less than your deductible.
For more information, talk to your Autoplan broker.
Cost of insurance goes down
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 will I be notified?
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. |
When can I apply for a review?
After three years, we review your claims record.
However, we may review it sooner if you
- can show that you made a significant, relevant change that has stopped your claims, and
- continue to have no claims for at least one full year.
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
Fax: 604-443-7336