Top 5 Things to Know About Renewing ICBC Car Insurance

In B.C., it’s mandatory for all drivers to purchase car insurance from ICBC to help ensure that they are protected with a basic level of coverage.

Here are 5 questions answered about renewing your ICBC insurance:

1. What is Skip the Line Fast Path ICBC form?

The Skip the Line Fast Path ICBC form lets you easily renew your car insurance online. Your Western Financial Group insurance experts are ready to process your Skip the Line Fast Path ICBC form.

An ICBC online renewal is available for cars or trucks owned by only one owner.

If you have a jointly owned vehicle, your Western insurance expert can help you renew your insurance in person.

2. What If I don’t renew my ICBC insurance online?

You can still renew your ICBC insurance in person or over the phone with your Western car insurance expert.

3. How can I pay for my ICBC renewal?

You can pay with a major credit card (Visa, Mastercard, AMEX).

You can also consider the ICBC Autoplan payment plan: It’s an easy way for you to spread the cost of your insurance with monthly or quarterly payments. It has very low finance rates divided over equal monthly or quarterly payments. You can choose the date when the payments come out of your account.

4. What is the basic Autoplan insurance for ICBC?

Basic autoplan insurance is mandatory coverage you need for your car as a B.C driver. It includes $200,000 in third-party liability, which is important in certain circumstances, such as non-vehicle property damage or driving out of province. It can also protect you in situations where the law permits the other driver to sue.

If you make a third-party liability claim against the person who's responsible for an auto crash and they don't have enough insurance to pay for your claim, Underinsured Motorist Protection (UMP) covers you. Basic underinsured motorist protection covers you and members of your household for claims of up to $1 million per insured person.

If you want to increase the amount of coverage you have in the event that you're responsible for a crash, you may want to consider Extended Third Party Liability coverage, an optional autoplan coverage.

5. Can I get any discounts?

Ask your Western Financial Group insurance expert about:

• Discount for Advanced Safety Technology, such as an autonomous emergency braking (AEB) system.
• Experienced driver discount
• Low-kilometre and distance-based discounts: Bring a photo of your current odometer reading when you buy or renew your insurance.
• Ask about discount as a senior driver
• Do you qualify for a disability discount?

Remember that even if you renew ICBC online, you will need to keep a paper copy of your insurance renewal in your vehicle.