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Drivers in British Columbia will continue to benefit from affordable and stable auto insurance costs with no increase to basic rates through to spring 2027.

This marks seven consecutive years without an increase.

After careful analysis of its finances, ICBC concluded that basic auto insurance rates do not require a change through to 2026-27 fiscal year, eliminating the need for an application to change rates with the B.C. Utilities Commission in 2025 and postponing any potential need for an application until late 2026.

The introduction of Enhanced Care in 2021 marked a turning point for auto insurance in B.C.

The care-based model led to an immediate reduction in basic insurance rates, saving the average customer $496, approximately 28 percent less than what they were paying.

The new model has also played a key role in keeping the rates steady ever since.

As a result, British Columbia has moved from having some of the highest auto insurance rates in Canada to being among the most affordable.

Since launching Enhanced Care, eligible basic customers have also received $640 in five separate rebates, totalling approximately $2.7 billion.

The rebates were made possible by ICBC’s improved financial performance and rates set based on projections.

Alongside more affordable and stable insurance rates, Enhanced Care benefits are available based on individual needs and are designed to support people for as long as required after an accident.