Cheapest Car Insurance in Vancouver

Coverage name 

Designation 

Description 

Enhanced accident benefits 

Mandatory 

Part of Basic Autoplan. Covers medical costs with no overall limit. Ninety percent of income is replaced, up to $105,500 (higher earners can purchase Top-Up coverage) 

Basic vehicle damage 

Mandatory 

Covers the cost of repairing or replacing your vehicle if it’s damaged in a collision you’re not at fault for, up to $200,000 

Third party liability  

Mandatory 

Provides coverage if you damage someone else’s property (that isn't a car) with your car.  

Also provides coverage if you get into an accident in a province or state that does permit other drivers to sue for damages.  

Underinsured motorist protect  

Mandatory 

Provides compensation up to $1 million if you make a third-party liability claim against a driver that does not have enough insurance to cover your costs.  

Inverse liability protection 

Mandatory  

Covers you if you get into an accident in a province or state that doesn’t let you claim against the person who caused the crash. 

Vehicle repair costs are covered up to 100%, but only if you’re 100% not at fault. 

Compensation is deducted according to your percentage of the blame (for example, if you’re 50% at fault, you will only get 50% of costs covered) 

Unlisted driver protection 

Optional 

Provides collision forgiveness for the first crash that an unlisted driver gets into with your car.  

Also ensures that the crash doesn’t go onto your record, but rather the unlisted driver’s. 

Free to add to your policy. Charges apply if an unlisted driver gets into an accident with your car. 

Collision 

Optional  

Pays to repair or replace your car when you're at fault for causing an accident. Damage from a hit-and-run driver is also covered by collision insurance. Towing charges are also reimbursed. If you have a track record of being at fault for collisions, you may be charged a higher-than-normal deductible, or you may not qualify for this coverage.  

Comprehensive  

Optional 

Pays to repair or replace your car if it’s damaged by something other than a collision with another car. Covered scenarios include theft, vandalism, fire, flying or falling objects, weather, or collisions with a wild animal.  

Specified perils 

Optional 

Provides coverage for perils insured by comprehensive insurance, but only for ones you name in your policy; if it’s not in your policy, you’re not covered for it.  

Hit and run  

Optional  

Pays to repair or replace your car if it’s damaged by an unidentified driver who doesn’t stay at the scene. If you have collision insurance, you likely don’t need to buy hit and run coverage.  

Income top-up 

Optional 

Increases your income replacement amount that’s part of Enhanced Care coverage. 

Extended third-party liability 

Optional 

Increases your liability coverage beyond the $200,000 mandatory minimum. Policy limits can be increased to up to $5 million.  

Loss of use  

Optional 

Covers temporary transportation expenses when your car is out of commission due to an event covered by ICBC.  

Luxury vehicles  

Optional  

Enhanced Basic Vehicle coverage for cars that retail for $150,000 and over.  

Rental vehicle coverage 

Optional  

Provides liability, accident benefits, underinsured motorist, collision, comprehensive, and loss of use coverages to a rental car. 

New vehicle protection  

Optional  

Pays to repair or replace your car even if you were at fault for the collision. Covers the full replacement cost (depreciation is not deducted) and is indexed for inflation. 

Vehicle Travel Protection

Optional

Helps cover unexpected expenses due to a claim while travelling. Included in Roadside Plus and Roadstar packages.

Emergency Roadside Expense Repayment

Optional 

For vehicle emergencies like breakdowns, locked-in keys, and flat tires. Included in Roadside Plus.

Theft Deductible Waiver 

 Optional

Pay no deductible if your vehicle is stolen or shows obvious signs of attempted theft. Included in Roadside Plus.

Optional

Lock rekeying

Optional

If your keys are stolen, this will pay to alter your car's lock mechanism so the old key will no longer work. With Roadside Plus, up to $1,000 is covered, and there's no deductible. With Roadstar, expenses up to $500 are covered, and a deductible applies.