ICBC Autoplan Insurance Coverage

ICBC has been providing Autoplan insurance Coverage since 1974 for all vehicles which are licensed in the province of B.C. You may know that all motorists must have at least a minimum amount insurance for their vehicles in B.C. There are two type of Autoplan insurance quote. Such as Basic Autoplan insurance and Optional Autoplan insurance.

1. Basic Autoplan insurance:

In BC basic autoplan insurance is compulsory and must be purchased through ICBC (Insurance Corporation of British Columbia).

Basic Autoplan Insurance supplies following coverage:

• Requirements of minimum Third Party Liability for your vehicle use

• Compensation for Accident : covers limited coverage for medical and rehabilitation costs, funeral expenses after an accident and loss of earnings.

• Motorist Protection under Insured: If you are involved in an accident with an uninsured or underinsured motorist you can get up to $1,000,000 coverage.

• Hit & Run and Uninsured Motorist Protection: It is available for all B.C. resident, even if you do not own or insure a vehicle. In this case, you or your nominee can get $200,000 coverage for damage, injury or death.

• Inverse Liability Coverage : If you are in an out of province accident where their local law does not permit you to seek compensation for damages, you can get coverage for your automobile repairs

2. Optional Autoplan insurance:

Optional Autoplan insurance provides additional coverage. You can buy it if you choose and wish. Extended Third Party Liability, Collision, and Comprehensive are the most common Optional Autoplan coverages. Extended Third Party Liability provides additional protection from above the Basic Third Party Liability. Optional Autoplan insurance pays to repair your vehicle, or provides a settlement if your car is a total loss, as a result of a crash, theft or other mishap. In the insurance industry, loss of, or damage to, your vehicle is called as “own damage” and obtaining insurance to cover it is optional.

It is noticed that every day B.C. motorists are involved in more than 675 motor vehicle crashes. On the other hand, in B.C. more than 50 vehicles are reported stolen each day. So to protect your investment in your vehicle,it is worth purchasing own damage insurance.

Autoplan insurance Restrictions

Autoplan insurance only for the citizens of Canada and the United States. So, if you are driving into Mexico or moving your car abroad for a holiday make sure you buy insurance before crossing the border. 

Autoplan Premiums:

Although ICBC determine Basic Autoplan insurance cost but it depends on following  number of factors.

• Your claims record

• How do you use your vehicle

• Your living place where you operate your vehicle

• The vehicle type you drive

Private Coverage

In British Columbia, Basic ICBC Autoplan Coverage is required for every vehicle. You can take advantage for additional optional coverages from private insurers like collision, extended third party liability and comprehensive Insurance. 

ICBC Autoplan Insurance brokers: 

You can get following services from ICBC Autoplan Insurance brokers : 

You can visit any ICBC Autoplan Insurance broker or agent in any locations to discuss your insurance needs. If you are busy you can call any Autoplan Insurance broker or agent to meet with you at your home or office. 

In British Columbia, ICBC Autoplan insurance  Coverage  is the mandatory coverage for your vehicle. All British Columbians who own and drive a motor vehicle are protected with a basic level of coverage of ICBC Basic Autoplan insurance.