B.C. keeps auto insurance rates low for drivers through 2027
Drivers throughout British Columbia will see no increase to basic rates for auto insurance through to the spring of 2027, marking seven consecutive years without a rate increase.
“Keeping basic insurance rates low and stable is part of our government’s commitment to affordability and helping people manage their day-to-day budgets,” said Niki Sharma, Attorney General and minister responsible for ICBC. “We’re making sure drivers have access to affordable coverage and some of the strongest care and recovery benefits in the country without compromising financial sustainability.”
After careful analysis of its finances, ICBC concluded that basic auto insurance rates do not require a change through to the 2026-27 fiscal year, eliminating the need for an application to change rates with the B.C. Utilities Commission in 2025 and postponing any potential need for an application until late 2026.
“With insurance rates stable, we can put our efforts toward enhancing customer experience and expanding online services,” said Jason McDaniel, interim CEO and president, ICBC. “As a public auto insurer, run by British Columbians for British Columbians, we are dedicated to providing affordable, steady rates and fiscal stability to the people and places where we live.”
The introduction of Enhanced Care in 2021 marked a turning point for auto insurance in B.C.
The care-based model led to an immediate reduction in basic insurance rates, saving the average customer $496, approximately 28% less than what they were paying. The new model has also played a key role in keeping the rates steady ever since. As a result, British Columbia has moved from having some of the highest auto insurance rates in Canada to being among the most affordable.
Since launching Enhanced Care, eligible basic customers have also received $640 in five separate rebates, totaling approximately $2.7 billion.

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