Abbotsford Auto Insurance: What's The Real Cost?

If you're looking to insure your car in Abbotsford, you'll want to know how much it's going to cost. Abbotsford has a government-run auto insurance program provided through the Insurance Corporation of British Columbia (ICBC), a public insurance company. Basic auto insurance is mandatory and includes third-party liability and uninsured motorist protection. However, there are also optional coverages available through ICBC and private insurance companies. The average cost of car insurance in British Columbia is $1,832 per year, or about $150 per month, but rates may vary depending on your chosen coverage and other factors.

ICBC Basic Autoplan

Third-Party Liability

If you get into a crash outside of British Columbia, your ICBC Basic Autoplan covers up to $200,000 for others’ injuries or vehicle damage. It also covers you if you damage another person’s property, such as a fence.

Enhanced Care Coverage

If you’re injured in a crash, ICBC will provide unlimited medical care and recovery benefits for treatments like physiotherapy, chiropractic, dental care, counselling, and more. Plus, you'll receive up to $100,000 in lost wages, regardless of who was responsible for the crash.

Underinsured Motorist Protection

Provides up to $1 million if you’re injured or killed by the driver of an underinsured vehicle, and you are not at fault for the crash.

Basic Vehicle Damage Coverage

In the event of a crash that’s not your fault, your policy will cover your vehicle repairs up to a limit of $200,000, instead of recovering the cost of your vehicle repairs from the insurance policy of the other driver.

Unlisted Driver Protection

Unlisted Driver Protection can give you peace of mind if you want to be able to lend your car to drivers not listed on your policy.

ICBC Optional Insurance

One of the key benefits of ICBC Optional Insurance is the ability to protect yourself from financial losses in the event of a claim. For example, Loss of Use coverage ensures you can stay mobile and provides transportation or rental vehicle coverage if your vehicle is unusable after a claim. This coverage is especially valuable if you rely on your car daily and cannot afford to be without transportation.

Another advantage of ICBC Optional Insurance is the Rental Vehicle Coverage, which is ideal for those who frequently rent cars or use courtesy vehicles. This coverage protects you from financial liability in the event of damage or accidents while renting a car. This can be a significant benefit, as rental car companies often charge high fees for repairs or incidental damages.

Additionally, ICBC offers Extended Third-Party Liability coverage, which increases your protection in the event of a crash. The costs of a collision can quickly escalate, and this optional coverage ensures you are prepared for any financial liabilities that may arise.

For those with new vehicles, ICBC offers New Vehicle Protection, which helps safeguard your investment. This coverage includes benefits such as covering repair and replacement costs, even if you are at fault, and protecting against hit-and-run incidents.

Finally, ICBC's optional packages, like RoadStar and Roadside Plus, combine several popular optional products at a discounted price. These packages provide comprehensive coverage for various situations, such as emergency roadside assistance, lock rekeying, and destination assistance, ensuring you are prepared for unexpected events.

By choosing ICBC Optional Insurance, drivers in Abbotsford can customise their coverage to meet their specific needs and ensure they have the right level of protection for themselves, their families, and their vehicles.

Private Insurance

Private car insurance in Abbotsford, British Columbia, is available from a range of providers, including Mountainview Insurance, AMC Insurance, and Westland Insurance.

Private car insurance is an optional extra on top of the mandatory basic insurance provided by the Insurance Corporation of British Columbia (ICBC). This basic insurance includes third-party liability and uninsured motorist protection. However, private insurance can provide additional coverage, such as extended third-party liability, rental vehicle coverage, and new vehicle protection.

Private car insurance is designed to provide financial protection in the event of an accident, whether the policyholder is at fault or not. It can cover the cost of repairs or replacement of a vehicle, as well as any necessary medical costs for the driver and their passengers. It can also provide coverage for damage caused by natural disasters, fire, theft, and vandalism.

The cost of private car insurance in Abbotsford will vary depending on the provider and the level of coverage chosen. ICBC basic insurance is mandatory for all drivers in British Columbia, and the cost of this will also need to be factored in when considering the overall cost of car insurance.

Collision Coverage

Abbotsford is the second-largest city in British Columbia and has a government-run auto insurance program through the Insurance Corporation of British Columbia (ICBC). While car insurance is mandatory in Canada, collision coverage is not legally required in any state. However, if you lease or finance your vehicle, your lender may require you to have collision coverage to protect their investment.

In addition to mandatory third-party liability and uninsured motorist protection, Abbotsford residents have the option of purchasing extended third-party liability, rental vehicle coverage, and new vehicle protection. While collision coverage is not mandatory, it is highly recommended, especially if you are leasing or financing your vehicle.

When considering collision coverage, it is important to take into account factors such as the value of your vehicle and your ability to pay for repairs or a replacement vehicle out of pocket. Collision coverage can provide peace of mind and protect you from costly expenses in the event of an accident.

Comprehensive Coverage

Abbotsford, the second-largest city in British Columbia, Canada, has a government-run auto insurance program through the Insurance Corporation of British Columbia (ICBC). While basic auto insurance is provided by the ICBC, drivers can also purchase additional coverage through the ICBC or a private insurance company.

For example, if you hit a deer with your car, comprehensive coverage would cover the damage. However, if you swerve to miss the deer and hit a tree, this would be considered a collision with an object and would not be covered by comprehensive coverage.

In addition to ICBC coverage, residents of Abbotsford can also obtain auto insurance from private companies such as AMC Insurance and Westland Insurance. These companies offer a range of insurance products, including comprehensive coverage, to suit the needs of individual drivers.

Frequently asked questions