Description
Distance-based vehicle insurance premiums (or 'usage based' / 'pay-as-you-drive) would give drivers an incentive to reduce the trips made in their automobile, as they would pay less if they drive less.
Effective June 1, 2025, B.C. drivers who drive under 15,000 kilometres annually are eligible for a new discount on their Optional insurance premium. Drivers may save between approximately 10 to 15% on select ICBC Optional coverages depending on how much they drive during their one-year policy term. This expands the threshold for discount eligibility by 5,000 kms from the previous 10,000 km threshold, allowing more drivers to take advantage of savings.