event_availableUpdated · Estimates reviewed October 2026
Every BC vehicle must carry ICBC Basic Autoplan. Since May 2021 BC uses the Enhanced Care (no-fault) model for injury benefits.
Pricing in Richmond reflects local claim patterns — low-lying land protected by dikes (flood) and earthquake and liquefaction risk.
Local estimate · October 2026
Instasure’s pricing model estimates the following range for an example profile. Your actual premium depends on your details and the insurer.
$130–$201/mo
Example profile: 40-year-old driver in Richmond, BC, 15+ years licensed, 0 tickets, 0 at-fault claims, standard vehicle, full coverage.
Mandatory + liability
$100/mo
Full coverage
$162/mo
Full + endorsements
$186/mo
infoBritish Columbia drivers buy basic coverage from ICBC. This estimate includes basic plus typical optional coverage; savings come mainly from optional coverage, bundling and discounts.
Example estimates · October 2026
| Driver profile | Typical | Range |
|---|---|---|
| Age 20, licensed 2 years | $322/mo | $258–$399 |
| Age 25, licensed 7 years | $201/mo | $161–$249 |
| Age 40, licensed 15+ years | $162/mo | $130–$201 |
| Age 40, one at-fault claim | $219/mo | $175–$271 |
| Age 40, one minor ticket | $191/mo | $153–$237 |
| Age 65, licensed 15+ years | $146/mo | $117–$181 |
Assumptions: standard vehicle, full coverage. These are modelled estimates for example profiles, not quotes or offers. Your price depends on your details and the insurer; a licensed advisor confirms real quotes.
Insurers price these risks by postal code. An advisor can tell you which endorsements are available at your address.
What’s changing in British Columbia
Mandatory. Pays for injury or damage you cause others. Most drivers carry $1–2 million.
Medical, rehabilitation and income benefits after a collision (structure varies by province).
Repairs to your car after a collision, regardless of fault (optional).
Theft, fire, vandalism, hail and other non-collision damage (optional).
Accident forgiveness, rental car, waiver of depreciation for new vehicles.
Licensed in British Columbia
ICBC Basic is mandatory in BC, but it doesn't repair your own car or cover theft and hail. Here's how ICBC optional insurance works, where private insurers fit in and what to consider buying.
Read guide arrow_forwardThere is no official national average. The latest official figures put Ontario at $2,164 a year, Alberta at $1,903 and British Columbia at $1,358 for Basic and Optional coverage, each measured its own way. Here are all 13 provinces and territories and 15 cities compared.
Read guide arrow_forwardMost 2026 car insurance increases come from industry-wide costs like repairs, theft and severe weather, plus province-specific rules. Here's what's behind your renewal and 10 practical ways to lower it.
Read guide arrow_forward
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Every request is matched with an advisor licensed in your province who compares insurers for you, explains the fine print and handles the application. No cost to you and no obligation to buy.
Sources: icbc.com, news.gov.bc.ca. Estimates are modelled by Instasure for the example profile shown and are not quotes. Last reviewed October 2026.
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