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ICBC (Insurance Corporation of British Columbia)
The mandatory basic auto layer for every BC vehicle — Autoplan is the floor that every BC driver pays.
ICBC (Insurance Corporation of British Columbia) is a BC provincial champion: The mandatory basic auto layer for every BC vehicle — Autoplan is the floor that every BC driver pays.. ICBC is the public insurer for BC basic auto. Rates are set by BCUC (regulator) and are territory-based (15 territories) plus driver-history-based (Claim Discount Factor). Optional coverages (collision/comprehensive/third-party liability) are sold by private carriers (CAA Insurance Company via BCAA, or RSA Canada via BCAA) on top of the basic ICBC layer.
| Age 25 | $1,092–$1,092/yr |
| Age 35 | $1,092–$1,092/yr |
| Age 45 | $1,092–$1,092/yr |
| Age 55 | $1,092–$1,092/yr |
Basic premium = base rate × territory factor × driver factor (CDF and recent claims)
Base rate The annual base rate in the BCUC-approved Basic Insurance Tariff | $1,063 |
Territory factor 14 rate territories, from the Lower Mainland to the Peace River Area | D – Y |
Driver factor (CDF) Years of driving experience × years since the most recent claim — a new driver with a claim sits at the top | 0.388 – 3.100 |
Recent-claim multiplier Number of claims in the last 2 years, 0 → 5+ | 1.000 – 13.746 |
New-resident factor Applied to drivers with overseas experience but no BC driving record | × 1.15 |
Source: backend/libs/engine/icbc.ts（ICBC Basic Insurance Tariff）
Compared at By driver age 35 · $2,000,000, taking each carrier lowest quote. Figures come from this site rate engine and move with the rate tables.
Yes — ICBC is the only mandatory basic auto insurer in BC. The "optional" coverages (collision, comprehensive, third-party) are sold by private carriers (CAA Insurance, RSA Canada) on top.
Yes — BCAA Insurance Agency is licensed to sell Autoplan on behalf of ICBC. The policy is still issued by ICBC; BCAA earns a small commission.
No. You can buy optional from BCAA (CAA Insurance or RSA Canada channels), directly from a BC broker, or compare quotes. ICBC basic is separate.
Price ranges are rate-table estimates based on public industry data and regulatory approval trends; final premiums are subject to carrier underwriting.