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ICBC expands usage-based insurance with new discount for B.C. drivers

A new distance-based discount on auto insurance is now available for British Columbians who drive less than 10,000 kilometres per year. B.C. drivers with policies effective June 1, 2023 or later, may be eligible to save between 10 to 15 per cent on their ICBC optional coverage when renewing this year. The amount of discount will be greater, the less distance you drive. 

You may be eligible for the new distance-based discount if you:

  • Drive less than 10,000 kilometres per year 
  • Provide two odometer readings one year apart, as proof of your driving distance
  • Have a 12-month Autoplan policy with ICBC optional coverage
  • Have an eligible vehicle (motorcycles, RVs, collector vehicles and certain other vehicles are not) 

According to a recent survey conducted on behalf of ICBC, more than half of British Columbians (56%) say they are interested in usage-based insurance in B.C., with cost savings being the top motivating factor. 

The new distance-based discount builds upon our existing low-kilometre discount, which was introduced in 2019 and is for vehicles driven less than 5,000 kilometres a year. Drivers eligible for the low-kilometre discount receive 10% off their Basic insurance and may also be eligible for the new distance-based discount on select ICBC optional coverages. 

Today, more than 50 per cent of eligible ICBC policyholders provide their odometer reading online or through their broker. As we look to expand our usage-based insurance options and programs, we encourage drivers to submit their odometer readings the next time they renew or purchase a new ICBC policy. 

More information on usage-based insurance, including the new distance-based discount and how to submit your odometer reading, is available on

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