ICBC: Low kilometre discount

Next year, ICBC will begin applying their Low Kilometer discount. However, the data collection starts at your next renewal. (Mileage collection began in September 2018)

Things to note:

  • only needed if you think you will drive less than 5,000km in the coming year
  • only eligible on 1-year insurance policies
  • your starting mileage would need to be reported to your insurance broker at your renewal (bring in a recent photo of your odometer)
  • your ending mileage would need to be reported to your insurance broker at the following year’s renewal (bring another recent photo of your odometer)
  • if the difference in mileage is less than 5,000km, you get the discount
  • if you mileage is not recorded at both renewals, you will not be eligible for the discount

More details on ICBC’s website.

About Ray Wong
Ray Wong brings forty years of insurance experience to his business, which he has operated in the West End for more than thirty years. This family-run business offers you Autoplan and travel insurance.