If you have a vehicle that may qualify for this discount, you need to provide your vehicle’s odometer reading at the time of your renewal or new policy purchase. Talk to your broker if you have questions about your vehicle’s eligibility. This discount is meant for those who are in rate classes where the majority of the vehicles are driven longer distances. Rate classes that are not eligible, such as motorcycles and collector vehicles because their rate classes already reflect low kilometres travelled as most of these vehicles are not used year round. This is determined by an odometer reading from the previous policy term, and another at the policy’s renewal a year later.Īnnual policies are eligible for the discounts (not short-term policies). The usage-based discounts are based on the mileage driven over the last 12 months. The discounts may benefit those who do not regularly use their vehicle, for example, those who only drive on evenings and weekends, use public transportation to commute to school or work during the week, or simply have a second vehicle that’s not used very often. If a customer drives less than 5,000 km and have met all other eligibility requirements, then they will be eligible for both the low-kilometre discount on their Basic insurance, and the distance-based discount on their applicable ICBC optional coverages. 10-15% distance-based discount on Extension Third Party Liability, Collision, Comprehensive and Specified Perils coverages for eligible customers who drive their vehicle a distance of less than 10,000km per year. ![]() 10% low-kilometre discount on Basic coverage for eligible customers who drive their vehicle a distance of less than 5,000 km per year.These discounts form part of usage-based insurance.Įffective before June 1, 2023, ICBC offers a 10% low-kilometre discount on Basic, Extension Third Party Liability, and Collision coverages for eligible customers who drive their vehicle a distance of less than 5,000 km per year.Įffective on or after June 1, 2023, ICBC offers: There are two discount options available - the low-kilometre discount and theĭistance-based discount.
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