Choosing an ICBC Deductible - Cartoon Car climbing hill made of coin

How Does ICBC Deductible Work?

A common question asked by many is “How does the ICBC deductible work?”

Purchasing automotive insurance through ICBC is something that must be done, but there are some choices to be made along the way. After purchasing either collision or comprehensive insurance, a deductible must be chosen. Your ICBC deductible is the amount that must be remitted to ICBC before insurance will take over and pay for any repairs or replacements on a vehicle that is need of repair.

Collision and comprehensive insurance deductibles typically range between $300 to $2,500.

  • When you choose a low-cost deductible, your monthly ICBC payments will go up.
  • The same goes for the other option; when you choose a high-cost deductible, your insurance premium will be lower.

It’s important to weigh your options.

Choosing A Higher ICBC Deductible

If you choose a higher deductible, your monthly fees will go down. But, you have to consider that if you are in an accident, you will need to visit a repair shop for your claim whether you can afford the higher deductible or not.

Choosing A Lower ICBC Deductible

On the flip side, it may be the best choice to pay more per month so that if you are in an accident or need comprehensive coverage, you can afford your ICBC deductible should you ever have to make a claim.

Let Your Insurance Representative Help

While there is no online calculator to determine your monthly premium in relation to your deductible choice, an insurance representative will be able to help. They will be able to answer the question of how does the ICBC deductible work so that it addresses your needs. This will help you to make an informed and wise decision. Many things are taken into consideration to determine your monthly cost, including your claims history and your driving record.

Before making a decision, be sure to consider your options by seeking the advice of an insurance professional. Whatever is decided, it must be the best option for you and one that you are comfortable paying, should you ever have the need to report an ICBC claim.

About QA Collision

And don’t forget—any Quality Assured Glass and Collision location will be happy to help you with your claim, regardless of which deductible you choose. All of our auto body repair shops are accredited ICBC c.a.r. shop VALET where all repair services are guaranteed for as long as you own your vehicle. Be sure to stop by when you are in need of any auto body repairs.

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