About ICBC

Rate comparisons report

Keeping ourselves and British Columbians informed about how our auto insurance rates compare to the rest of Canada is part of our commitment to transparency and accountability.

That’s why in 2021 and 2022, we commissioned the third-party consultant Ernst & Young (EY) to study the rates of nine provinces including ours. In both of their reports, they found that auto insurance in provinces with publicly owned care-based models is more afforda​ble than in provinces with private models. These studies are another piece of evidence showing that our Enhanced Care system is providing more affordable auto insurance to British Columbians.

T​​o learn more about our latest rate comparisons, read EY’s 2022 rate comparisons report pdf. To see h​ow we did previously, read EY’s 2021 rate comparisons report pdf​​​.​