B.C.​ drivers pay among the lowest auto insurance rates in Canada

December 08, 2022


Following the introduction of Enhanced Care in May 2021, British Columbia auto insurance rates are among the most affordable in Canada when compared to other provinces, according to a new report​ pdf conducted by Ernst & Young (EY).

The report, commissioned by ICBC and supported by provincial auto insurers in Manitoba and Saskatchewan, looked at 30 different driver profiles and compared how much their auto insurance would cost in nine provinces across Canada. EY found that auto insurance in provinces with publicly owned care-based models is more affordable than in provinces with private insurance models.

“Government and ICBC listened to British Columbians when they told us auto insurance was not affordable so we took action by introducing the Enhanced Care model," said Nicolas Jimenez, ICBC president and CEO. “B.C. now has some of the most affordable auto insurance in Canada while also providing anyone injured in a crash with significantly improved care and recovery benefits when compared with the old model."

British Columbia transitioned to Enhanc​ed Care, its care-based auto insurance model, in May 2021. As a result, ICBC customers saved an average of approximately $490 or 28% on their full coverage personal auto insurance when renewing for the first time under the new model.

According to the EY report*:

An 18-year-old man with a novice licence and a 2012 Honda Civic LX would pay:

B.C. - $2,551        AB - $5,936          SK - $1,129

ON - $5,199        N.S. - $4,861       P.E.I - $2,988

A 30-year-old woman with 14 years driving experience, a recent at-fault crash and a 2019 Ford F350 would pay:

B.C. - $2,065        AB - $4,839          SK - $1,417

MB - $1,435        ON - $3,501        N.S. - $3,657

A 40-year-old woman with 24 years driving experience and a 2017 Ford Escape SE would pay:

B.C. - $1,049        AB - $1,895          SK - $1,207

ON - $1,509         N.S. - $1,318       N.L. - $1,191

A 58-year-old man with 42 years driving experience and a 2018 Honda CR-V EX would pay:

B.C. - $977           AB - $1,907          MB - $1,240

ON - $1,448         P.E.I - $997          N.S. - $1,346

The savings B.C. drivers have experienced are possible because Enhanced Care largely removes the adversarial approach of suing drivers and the hundreds of millions that were being spent on legal fees under the previous litigation-based system. It's a lower cost model that passes those savings onto customers through lower insurance rates and sees more money going directly towards the care and recovery of British Columbians injured in crashes.

The full EY rate comparison report is available to download.

*These figures are an average of auto insurance prices across various cities within each province. Please see the report for the auto insurance cost in each of those cities.

​​Media contact:

Brent Shearer​

Related links: