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Distance-based discount​​

​​We’re introducing a new distance-based discount for policies effective June 1, 2023 or later as we begin to offer more usage-based insurance. If you drive less than 10,000 kilometres in a year, submit your odometer reading to potentially get a discount on your ICBC optional insurance.​

​About the discount​

 


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
  • Collision
  • Comprehensive
  • Specified Perils

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. 

​​​How to submit your odometer reading

 


No matter how much you expect to drive over your 12-month policy term, you can submit your odometer reading. This means you'll have the first piece of proof on file when the discount comes into effect, should you drive less than 10,000 kilometres over that period. 

You can submit your odometer reading:  

If you were unable to provide the reading when you purchased or renewed your policy, you can submit it online​ or through your broker any time in your policy term. However, to be eligible for the new discount, proof of your odometer reading must be dated no earlier than seven days before the date you renewed or purchased your current policy and no later than seven days after that same date. ​

Expanding usage-based insurance at ICBC

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​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 renew​​​​al.

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. 

Explore the Techpilot project and its encouraging results.​

Odome​ter readings and your privacy



​Your odometer readings are submitted to ICBC and stored within Canada, in compliance with our Privacy statement.

These readings do not contain any personally identifying information, so providing them does not pose an increase​​d risk to your privacy. 

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