British Columbia drivers will continue to benefit from stable auto insurance rates, with ICBC announcing no increase to basic insurance costs until spring 2027. This marks seven consecutive years without a rate hike for drivers in the province.
Attorney General Niki Sharma says the rate freeze supports affordability and ensures drivers continue to receive some of the strongest recovery benefits in Canada. After reviewing its finances, ICBC determined that rates can remain unchanged through the 2026–27 fiscal year. That means the insurer will not need to apply for any rate changes until late 2026.
ICBC’s interim president and CEO, Jason McDaniel, says stability allows the corporation to focus on improving customer experience and expanding digital services.
The shift to the Enhanced Care model in 2021 continues to play a key role in keeping costs down. The care-based system lowered average premiums by about 28 percent—roughly $496 per driver—and led to five rounds of customer rebates totaling $2.7 billion.
Enhanced Care also provides long-term recovery benefits tailored to individual needs, ensuring B.C. drivers receive both affordable and comprehensive coverage.
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