The average monthly cost of car insurance in BC, C. The base premium increases or decreases depending on your driving history and insurance. Along with Saskatchewan, Manitoba and Quebec, British Columbia has a very specific auto insurance regulation that affects auto insurance customers. This page will give you an idea of car insurance premiums in British Columbia and share some useful information.
The province's Autoplan insurance scheme is administered by the British Columbia Insurance Corporation (ICBC), a provincial Crown corporation created in 1973 to sell insurance policies through its own network of brokers. In British Columbia, there are a number of factors to consider when determining the price of your car insurance. Single-day car insurance is available through the ICBC's temporary operating permit (TOP) program, which allows you to purchase coverage for up to 15 days if you need to move a car from one place to another or if you're testing a vehicle you want to buy. If you're thinking about buying a new vehicle, you can get an insurance estimate using the ICBC online tool, but only if you already have an Autoplan insurance policy.
British Columbia drivers can get car insurance through a broker, agent, or directly from an insurer. However, if you work with an insurance broker, they can renew your ICBC and private insurance policies at the same time. This is much more than in other regions of Canada, and is due to the lack of competition in British Columbia, since car insurance is mainly public. While you can request quotes for the coverage you want from individual insurance companies, it may be easier to work with an insurance broker who can get quotes from several insurers, which you can compare to help you choose the policy that best fits your needs and budget.
Here are some average car insurance rates to give you an idea of insurance prices in British Columbia.