You may be eligible for the discount if you:
- Drive less than 10,000 kilometers per year.
- Provide two odometer readings a year apart, as proof of your driving distance.
- Have a 12-month Autoplan policy with ICBC optional coverage.
- Have a vehicle within an eligible rate class. Although most vehicles are eligible for this discount, there are certain rate classes that are not eligible, such as motorcycles and collector vehicles, because their rate classes already reflect low kilometres travelled.
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. In a year's time, at your next renewal, the odometer reading will need to be provided again to determine if the vehicle was driven less than 10,000 kilometres during the year.
If you're eligible, a discount ranging between 10 and 15 percent will then be applied to select ICBC optional coverages on your renewed policy. The less you drive, the greater the discount. If you drove your vehicle more than 10,000 kilometres in the prior 12 months, you won't be eligible for a discount (but you won't be charged more for driving more either).
The new distance-based discount is different from our existing
low-kilometre discount, which is for vehicles driven less than 5,000 kilometres in a year and is currently applied to your basic insurance and ICBC optional Extension Third Party Liability and Collision coverage, if applicable.
For insurance policies effective June 1, 2023 or later, the new distance-based discount will offer between 10 and 15 percent off of the following coverages:
Extension Third Party Liability
If you're eligible for the low-kilometre discount, you will receive 10 percent off Basic insurance and you will be eligible for the new distance-based discount on select ICBC optional coverages, if you have them.
Starting with policies effective June 1, 2023, the low-kilometre discount on ICBC optional coverages will be moved to and expanded under the new distance-based discount, which will provide a discount on select ICBC optional coverages.
As usage-based insurance evolves within ICBC, we will look to introduce more options and expand current programs to allow more British Columbians to qualify. For this reason, it is important to submit your odometer reading when you purchase or renew your annual policy, no matter how far you think you may drive in a year.