ICBC is introducing Online Renewals - Here’s what you need to know! Check back for more information, we will update this page closer to the launch of the new ICBC Online Renewal program.
- This service will be available for renewals only.
- This service is offered for drivers who use their vehicles for pleasure, to and from work, to and from work with transit and business use. It is not currently available for delivery use or other work-based uses.
- Online renewals will be available for vehicles owned by 1 owner.
- At this time, jointly owned vehicles will not be eligible to renew using ICBC Online. If you have a jointly owned vehicle, your local B&W Insurance broker can help you renew in person , over the phone , or by using our online renewal service.
- To ensure you are eligible to renew your ICBC policy online, you will need to verify your identity using the BC Services Card App. To learn how to install and use the app, visit BC Services Card App – Province of British Columbia (gov.bc.ca)
- Alternate verification sources will become available in the coming months.
- Jointly owned vehicles, vehicles with multiple owners, leased vehicles, commercial or fleet vehicles.
- Policies for clients with outstanding debts
- Policies for Temporary Operation Permits
- Policies that have lapsed, new policies, midterm changes and cancellations
- Renew your existing coverage options
- Update your address
- Apply for discounts
- Change your listed drivers
- Change how you use your vehicle
- Add or remove optional ICBC Products
- Products for other insurers will not be shown (i.e. private auto coverage options, replacement cost offerings from other providers etc.)
Your ICBC insurance renewal
ICBC Auto Insurance Explained
- Loss or damage of your vehicle from insured events such as collision, upset, vandalism, theft, hail and fire.
- Third Party Liability coverage (which is not sufficient if you should travel outside of BC).
- Enhanced Accident Benefits which provides every British Columbian with benefits in the event of injury or death, regardless of who was at fault in an accident.
- Underinsured Motorist protection
- Inverse Liability
- Protection from hit and run damages to property
Everything to Know About Your Basic ICBC Coverage
- Full-time
- Part-time
- Student
- Temporary
- Minor
- Non-earner
ICBC Optional Coverage and What You Need to Know
- Fire
- Theft
- Vandalism
- Falling or Flying Objects
- Malicious Mischief
- Lightning
- Windstorm
- Earthquake
- Hail
- Impact with Animals
- Various Other Mishaps
- contents of any vehicle (other than some contents of a motor home
- tires, unless the damage is due to the collision
- any damage that is a result of mechanical breakdown, rust, corrosion, wear and tear, freezing, or explosion within the combustion chamber
- Fire
- Lightning Theft (exclusions apply
- Hail
- Earthquake Windstorm
- Civil Commotion
- Riot
- Explosion
- Aircraft
- Rising Water
- Collison Due to Transport Vehicle on Land or Water
Deductible Options for Comprehensive & Collision Coverage
Specific to comprehensive and collision coverages is the deductible amount. Let’s go through what a deductible is and then the options you have.
- Renting a vehicle
- Hiring a taxi
- Using public transportation
Autoplan Payment Options: Which Is Best?
If you choose an annual policy, you have three options for payment:
1. Annual In Full
- Pay for the full year in advance without any interest charges
2. Quarterly Or Monthly Installments
- Pay for the year in parts
- First payment will be the day the policy is renewed followed by three payments
- First payment will be renewal date
3. Withdrawal Date For Monthly Or Quarterly Payments
- Pre-authorized payment on the same date
- Interest charged may be less than what you have on your credit card
Factors That Affect Car Insurance Rates
Do you take your vehicle to work every day? Do you take public transportation? Is your vehicle sitting during certain seasons? There are different types of vehicle use that will affect your annual premium. Here’s some more info on each to ensure you have the proper use selected for your lifestyle.
1. Driver Experience
We’ve heard it before, a good driving record is important. Especially when determining insurance premium rates. If you have a year of good driving record, it will better your discounts available, up to 40 years.
2. Crash History
It should go without being said but the more crashes you have, the higher your insurance will cost. It pays to be a safe driver!
3. Drivers of Your Vehicle
It also matters who is operating your vehicle. Their experience and crash history will impact the risk of your vehicle overall.
4. Location
Your location and where you live also determines how much you pay. British Columbia is broken up into territories, which have a rating associated to the potential risk. Each territory will have risks that can impact the likelihood of a claim. For instance, you’re more likely to have a vandalism claim in a highly populated urban area as opposed to the solitude of northern BC.
5. Use of Vehicle
Commuting
- Exactly what it sounds like; you commute to work or school in addition to the pleasure use as well
- Most people who have this are those going to or from (or part way) to work and/or school
Business
- Driving includes purposes specific to business
- For example, a taxi getting people where they need to go or a realtor showing homes across town
Pleasure
- No restrictions for pleasure use like errands, taking children to school, or vacation use
- Restricts your vehicle use to going to work no more than six times a month
- Can’t be used for business purposes
- Most people who have this are those who are retired, stay at home parent or on maternity leave, or those who take other forms of transportation to work or school
Delivery
- Couriers and delivery services
- Example of a driver who needs deliver use is a Uber Eats or Skip The Dishes driver.