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Facts About: | ICBC.CA | ICBC.COM | ICBC Car Insurance | AutoPlan | Autoplan.ca | ww.icbc.ca

The Insurance Corporation of British Columbia (ICBC) is a provincial crown corporation in British Columbia created in 1973 by the NDP government of British Columbia.

The original purpose of ICBC.ca was to provide universal public auto insurance in British Columbia. Its responsibilities have expanded to include driver licensing and vehicle registration and licensing.

By law, all owners of vehicles registered in BC must purchase ICBC's basic insurance package from an independent broker.

AUTOPLAN

This basic coverage, called "Autoplan" includes protection from third party legal liability, under-insured motorist protection, accident benefits, hit-and-run protection, and inverse liability.

At the time the Corporation was established, it held a monopoly on automobile insurance in the province, but in recent years private insurance firms have been permitted to offer optional additional coverage, such as extended liability, collision, and comprehensive plans. While ICBC continues to hold a monopoly on basic insurance, it has chosen to offer optional additional coverage, in competition with these firms.

Like other auto insurance companies, ICBC bases its premiums on a client's claims history, type of automobile, and geographic location. Unlike most private insurers, however, ICBC is prohibited by law from setting premiums taking into account such demographic characteristics as age, sex or marital status. The Corporation's discount plan (called "Roadstar" and "Roadstar Gold") rewards safe drivers with reduced premiums based on the number of years the driver has been free of successful claims against him or her.

It is necessary to place a decal on the rear license plate as proof of current insurance in order to be permitted to drive the vehicle. Decals have been used since 1970, but they all expired on February 28 of the following year until March 1980. Then they expired at the end of the month on the decal, until 1994. Then an additional decal, with a number on it for the day it expired, was introduced.