Auto insurance is essential for protecting yourself and others on the road—but that doesn’t mean you have to pay more than necessary. With a few smart strategies, you can keep your coverage strong while lowering your costs. Here’s what BC drivers should know in 2026:
1. Bundle Your Coverage
Get savings by bundling multiple policies through Family Insurance, our private insurance option. Combine your auto and home insurance or insure multiple vehicles under one plan to simplify your coverage and reduce costs.
Learn more about ICBC’s Distance-Based Discount.
2. Drive Less, Pay Less
ICBC’s low-kilometre discount now applies if you drive 15,000 km or less per year. Submit a photo of your odometer annually to your broker and enjoy savings on optional coverage—and you unlock even more savings if you’re under 5,000 km a year.
3. Leverage Vehicle Safety Features
If your car is 2017 or newer and equipped with Autonomous Emergency Braking (AEB), you could qualify for extra savings. Check your owner’s manual or ask your broker to confirm.
See ICBC’s Vehicle Safety Discounts.
4. Adjust Your Deductible
Increasing your deductible can lower your premium. Just make sure you’re comfortable covering that amount in case of an accident—setting aside an emergency fund is a smart move.
5. Think Twice Before Filing Small Claims
If you’ve had a claim under $2,000, it may be worth paying out of pocket to maintain your discount. For businesses with fleets, we can review every claim to determine whether paying out is more beneficial for your long-term savings.
6. Fleet Discounts for Businesses
Managing five or more vehicles in BC? Fleet insurance can save businesses up to 63% on their ICBC insurance. If you run a commercial operation, this is worth exploring. Reach out to Reliance to ask about better discounts.
7. Support for Drivers with Disabilities
Drivers with disabilities may qualify for the Fuel Tax Refund Program, which offers a 25% discount on Basic ICBC insurance. Apply for a Fuel Tax Refund number, then contact your broker to apply the discount.
Learn more about ICBC’s Fuel Tax Refund Program.
8. Review and Refresh Your Coverage
Let your broker know if you’ve started working from home or moved outside the Lower Mainland—these changes often reduce your rates.
Review your coverage and limits to ensure it meets your needs. Just keep in mind that your Third-Party Liability coverage is one of the most important coverages. While lowering the limits can reduce your cost, cutting it too much could leave you financially exposed in the event of a serious accident.
We recommend reviewing what factors affect your insurance costs the most.
Reliance Insurance proudly serves
Burnaby and the Vancouver area