ICBC Insurance Coverage for Rental Cars

What is ICBC?

ICBC stands for the Insurance Corporation of British Columbia. It is a Crown corporation that provides universal compulsory automobile insurance in the province of British Columbia, Canada. ICBC is the only insurer of vehicles in BC, and it provides coverage for all drivers who are legally licensed to drive in the province.

Insurance Coverage for Rental Cars

ICBC offers insurance coverage for rental cars. This means that if you are renting a car in British Columbia, you can opt to purchase insurance from ICBC that will cover you in the event of an accident. This can be a great way to save money, as opposed to purchasing insurance from the rental car company.

Types of Insurance Coverage

ICBC offers two types of insurance coverage for rental cars. The first is liability coverage, which covers damage to other vehicles and property. The second is collision coverage, which covers damage to the rental car itself. You can choose to purchase either one or both types of coverage.

Cost of Coverage

The cost of insurance coverage for rental cars is determined by the length of the rental period and the type of coverage you choose. Generally, liability coverage costs less than collision coverage. For example, a one-week rental with liability coverage would typically cost around $30, while the same rental with both liability and collision coverage would cost around $60.

Benefits of Purchasing Coverage

Purchasing insurance coverage from ICBC can have a number of benefits. Firstly, it can save you money, as ICBC’s rates are often cheaper than those offered by rental car companies. Secondly, it can provide peace of mind, as you know that you are covered in the event of an accident. Finally, it can provide you with the convenience of not having to fill out paperwork at the rental car counter.

Conclusion

ICBC insurance coverage for rental cars can be a great way to save money and ensure that you are covered in the event of an accident. It is important to understand the types of coverage available and the cost of that coverage before making a purchase. Ultimately, purchasing insurance coverage from ICBC can provide you with peace of mind and convenience.

I hope this helps.