Autoplan Insurance
Usage-based discounts
If you drive less than 10,000 kilometres in a year, submit your odometer reading to potentially get a discount.
For annual policies, ICBC offers:
10% low-kilometre discount on Basic coverage for eligible customers who drive their vehicle less than 5,000 km per year.
10-15% distance-based discount on Extension Third Party Liability, Collision, Comprehensive and Specified Perils coverages for eligible customers who drive their vehicle less than 10,000km per year.
If a customer drives less than 5,000 km and have met all other eligibility requirements, they will get both the low-kilometre discount and the distance-based discount.
Eligibility
ICBC’s usage-based discounts may benefit you if you do not regularly use your vehicle. For example, if you only drive on evenings and weekends, use public transportation to commute to school or work during the week, or simply have a second vehicle that’s not used very often.
The usage-based discounts are based on the mileage driven over 12 months, determined by an odometer reading from the start of the policy term and another odometer reading at the policy’s renewal a year later. If you transfer the policy to a new vehicle mid-term, you will also need to provide readings for both vehicles at the time of the transfer.
Only annual policies are eligible for the discounts (not short-term policies).
There are certain rate classes that are not eligible, such as motorcycles and collector vehicles because their rate classes already reflect low kilometres travelled as most of these vehicles are not used year round. This discount is meant for those who are in rate classes where the majority of the vehicles are driven longer distances.
Talk to your broker if you have questions about your vehicle’s eligibility.
Low-kilometer discount
For annual policies, ICBC offers a 10% low-kilometre discount on Basic coverage for eligible customers who drive their vehicle a distance of less than 5,000 km per year.
Distance-based discount
You may be eligible for the distance-based discount if you:
Drive less than 10,000 kilometers per year.
Have a 12-month Autoplan policy with ICBC optional coverage.
Have a vehicle within an eligible rate class.
The qualifying period for the distance-based discount starts when you provide the first vehicle odometer reading at your annual renewal or when you purchase a new policy. At your next renewal, you must provide another odometer reading to determine if the vehicle was driven less than 10,000 kilometres during the year.
The distance-based discount will offer 10-15 percent off of the following coverages:
Extension Third Party Liability
Collision
Comprehensive
Specified Perils
Submit your odometer reading
No matter how much you expect to drive over your 12-month policy term, you should submit your odometer reading to determine your eligibility for a usage-based discount.
Learn how to submit your odometer reading.
Expanding usage-based insurance at ICBC
Usage-based insurance is vehicle insurance that's priced based on individual driver behaviours. Some of this insurance tracks distances driven, while other usage-based insurance, for example, tracks speed and braking with devices or smartphone apps. This customized approach gives customers more control over their premium costs and has already been implemented in countries around the world, as well as in some Canadian provinces.
We've been hearing from our customers that they're interested in the flexibility provided by usage-based options, like the low-kilometre discount we introduced in 2019. Now, we're working on bringing more of these products and discounts to you in the years ahead, starting with the distance-based discount. We anticipate that approximately 40 percent of customers in an eligible rate class will qualify for some level of discount on their annual renewal.
ICBC's Techpilot project
As part of our research into usage-based insurance, we created the Techpilot project to learn more about using telematics technology to make driving safer. Techpilot recruited drivers with less than five years of driving experience and asked them to drive with a device that provided feedback on their driving behaviours.
