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You’ll be able to insure any commercial vehicles you operate through ICBC Car Insurance.
If you live in BC and drive a vehicle of any kind, there’s no doubt that you’ve heard of ICBC. This government-run insurance agency offers a basic insurance package called Autoplan, which you have to purchase to get your car on the road in the province. You can also use ICBC to purchase extended coverage such as collision or comprehensive.
That said, you may want to compare other providers for extended insurance since private companies in BC are allowed to compete in this space. Find out more about whether ICBC insurance is the right fit for you, and learn how you can sign up for coverage today.
ICBC (also known as the Insurance Corporation of British Columbia) is a BC-based insurance company that’s run by the provincial government. Every driver in British Columbia will at some point have to deal with ICBC. This is because it sells a mandatory basic insurance package that includes third-party liability, under-insured motorist protection and accident benefits.
In addition to this insurance, which only ICBC and its brokers can sell, the company also offers extended coverage such as collision and comprehensive. That said, this insurance can also be purchased from other providers, so you’ll have more freedom to shop around for extended coverage.
ICBC holds the market on mandatory insurance for all drivers in BC. It also offers additional coverage such as collision and comprehensive. It determines what premiums you’ll pay based on where you’re located, what type of car you drive and what your driving record looks like.
The basic insurance found in ICBC‘s Autoplan package includes the following:
What if I have a luxury vehicle?
You can still get basic Autoplan coverage for a luxury vehicle in BC, though you’ll pay higher premiums. You’ll also have to fill out an application to obtain ICBC‘s own damage coverage through a special risk own damage policy. Unfortunately, you won’t be able to qualify for regular comprehensive or collision coverage.
You can choose to pay a higher monthly premium to add any of the following types of insurance onto your policy. You can also choose to shop around with other providers for extended coverage if you want to make sure you’re getting the best deal possible.
You’ll be able to purchase a number of additional add-ons if you want extra protection for your vehicle. Again, these can be purchased from other providers, so you may be able to find a better deal elsewhere.
You won’t be able to bundle your ICBC Car Insurance with other forms of ICBC insurance. This is because ICBC only deals in auto insurance. That said, you may be able to qualify for discounts in certain cases. For example, you’ll be able to save money if you’re a senior, you have a solid driving record or you drive your vehicle infrequently.
ICBC Car Insurance has many negative reviews online, though this seems to be the case for the majority of insurance providers. For example, it has a rating of 1.9 on InsurEye (out of 161 reviews) as of July 7, 2020.
Customers seem particularly displeased with high premiums and rate hikes that seem to be occurring as a result of ICBC‘s new system. They also indicate that customer service needs some work since it can take a long time to process claims or get through to an agent over the phone.
To apply for ICBC auto insurance coverage, you need to meet the following criteria:
If you want to apply for ICBC auto insurance, you just need to follow these simple steps.
It’s easy to visit an ICBC location or broker nearest you if you have questions about your ICBC auto insurance. It’s also possible to get in touch with its claims hotline 24/7 if you need to report an accident.
ICBC is a government-owned car insurance agency that operates exclusively in BC. It provides mandatory car insurance coverage for British Columbians under the brand name Autoplan. It also offers extended coverage, though you can purchase this from other providers in BC as well.
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