Compare auto insurance across 29 British Columbia cities. Provincial average: CA$142/month (CA$1,700/year). Insurance system: public (ICBC) + private optional. Regulator: BCFSA.
British Columbia operates a public (ICBC) + private optional insurance system regulated by BCFSA. All drivers must carry minimum Third-Party Liability of CA$200,000. The mandatory coverage package includes Enhanced Accident Benefits (EAB), Basic Autoplan Coverage, and Optional Collision/Comprehensive.
ICBC continues to evolve its distance-based pricing model and optional coverage product suite through 2026. Drivers who shop private-insurer optional collision and comprehensive annually — comparing ICBC's optional package to Intact, Aviva, Wawanesa, and others — frequently find savings of 10–18% on the optional layer. ICBC's basic plate coverage remains mandatory and fixed.
| Coverage | Description |
|---|---|
| Third-Party Liability | Minimum CA$200,000 required; pays compensation to others for injury or property damage |
| Enhanced Accident Benefits (EAB) | ICBC's enhanced care no-fault benefits paying medical, wage loss, and recovery costs regardless of fault since May 2021 |
| Basic Autoplan Coverage | Mandatory ICBC basic plate insurance covering TPL, EAB, and hit-and-run protection |
| Optional Collision/Comprehensive | Available from ICBC or private insurers (Intact, Aviva, Wawanesa, etc.) for damage to your own vehicle |
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