ICBC Insurance BC 2026: Basic + Optional Rates

ICBC is the only insurer for basic coverage in BC.

A 35-year-old in Vancouver pays $168 per month for basic + optional.

That is with a 2022 Toyota RAV4 and clean record.

Basic is $92 + Optional $76 = $168 total.

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2026 ICBC Rates Vancouver

ICBC base rate depends on your Claim-Rated Scale.

Scale -15 = worst. Scale +9 = best discount 50%.

Here are prices for Scale 0 (new driver):

Basic Autoplan: $92/month → Mandatory
Extended Third Party $2M: $32/month → Highly recommended
Collision $500 deductible: $28/month
Comprehensive $300: $16/month

So, $168 for full protection.

At Scale +5 you pay $118. At Scale +9 you pay $92.

What ICBC Covers vs Private

Basic is from ICBC. Optional can be private too.

1. Basic (ICBC only): $92
$200K third party + accident benefits.

2. Optional ICBC: $76
More liability + collision + comprehensive.

3. Optional Private: $52-$89
Companies like BCAA, Family, Stratford. So, cheaper than ICBC optional.

Read Car Insurance Canada 2026 to compare BC vs Ontario.

Save $624/year on ICBC

1. Drive safe: +1 level per year
Each level = 5% off. So, +9 = 50% off.

2. Buy optional private: Save $180-$288/year
BCAA beats ICBC optional by 20%. Then, save money.

3. Increase deductible to $1000: Save $240/year
From $500 to $1000. So, $20/month less.

4. Low km discount: Save $84/year
Drive under 5,000km. So, 10% off.

ICBC vs Private: When to Switch

If you are Scale +5 or higher, private optional is always cheaper.

Example: BCAA optional $52 vs ICBC $76.

Same coverage. So, save $288/year.

But basic stays with ICBC. No choice.

See Desjardins Quebec Rates – Quebec is 40% cheaper than BC.

FAQ

Can I avoid ICBC in BC?

No for basic.

Yes for optional. So, buy optional private to save.

What is Claim-Rated Scale?

Starts at 0.

No crash = +1 per year up to +9. Crash = -6 levels. So, safe driving = 50% discount.

Is ICBC cheaper than private provinces?

No.

BC is 30% more expensive than Alberta. But cheaper than Ontario. So, $168 vs $162 Toronto vs $98 Quebec.

ICBC Insurance BC 2026: Basic + Optional Rates [Save $624]