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Seniors discount |
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Seniors Discount
Submitted by:
Jo-Anne Cloutier
Autoplan Field Supervisor, ICBC
ICBC recognizes the safe driving
habits of our more experienced drivers by offering a
25% discount to motorists over 65 years of age, who
QUALIFY for a "seniors" rate classification.
To QUALIFY there are more factors
involved than just age. The vehicle can NEVER be
driven to a place of work, or be used in any
business or commercial venture. This applies to the
owner, named principle operator and anyone who
borrows the vehicle.
The vehicle can be used to drive
children and grand children (of school age) to
school. No one, other than the owner or named
principle operator on the policy, can use the
vehicle to drive themselves to school. If the owner
or named principle operator are enrolled in a part
time course at school they are allowed to drive
themselves to school up to 6 times a calendar month.
This all sounds very complicated. The
easiest way to remember the rules for the seniors
rate class are by examples.
1) Your granddaughter calls to borrow
your car to take to school because hers is broken
down. You can't lend it to her, but if she is under
the age of 19 you can drive her to school.
2) Your son wants to borrow your pick
up truck to take supplies to his work that won't fit
in his car. Due to your rate class restrictions you
can't lend it to him, nor can you drive him as the
vehicle can NEVER be driven to a place of work.
3) Your grandson asks to borrow the
car to take a girl to a movie. You can definitely
lend him your car.
A vehicle with a seniors discount
cannot be registered in a company name. It must be
in the name of an individual, or jointly owned
individuals.
It is very important that the owner
of the vehicle and the named principle operator both
be 65 years of age or older. In cases of joint
ownership only one of the owners must be 65, but the
individual who is not 65 cannot be named as the
principle operator.
ICBC’s offer of a 25% discount to
seniors is an example of keeping insurance rates low
and stable in BC.
In summary, the seniors rate class is
a reduced rate as it is designed for experienced
drivers (over 65) who use the vehicle for pleasure
purposes. We recommend you discuss this with your
Autoplan broker.
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