Car Insurance Quotes Vancouver

Car insurance costs in Vancouver are not only influenced by the driver’s age but also by their credit score, a factor that is often overlooked by many. And this is why you must always compare quotes.

Drivers in Vancouver who manage to improve their credit scores can significantly reduce their car insurance costs. For instance, those advancing from the “Very Poor” category (300–579) to “Exceptional” status (800–850) experience a staggering 60% drop in their insurance rates. Specific studies indicate that enhancing one’s credit score to “Fair” can yield a $557 cut in six-month premiums, underlining the financial benefits associated with maintaining a good credit history.

As your credit scores improve, insurance costs diminish. The average six-month premium for a driver with “Very Poor” credit stands at $1,426, while those with “Good” credit only pay $710. This trend continues, where “Exceptional” credit holders enjoy premiums as low as $565.

Age also plays a role in determining car insurance costs in Vancouver. According to data, nearly 29% of all drivers fall within the 20-29 age bracket, often incurring higher rates due to their relative inexperience on the road. Conversely, drivers in their 50s benefit from more favorable rates, averaging $626 per six months, reflecting their increased driving experience and presumably fewer accidents.

Teenage drivers (ages 16-19) bear the highest costs, with an average premium of $3,157 for six months. As individuals age and gain more driving experience, there’s a noticeable decrease in rates, those in their 30s pay $694, while the cost continues to decline to $657 for drivers in their 40s, reaching $626 for their 50s. However, rates do rise again for those in their 70s to $835, a factor that can be attributed to the increased likelihood of accidents among older drivers.

To achieve the best possible car insurance rates in Vancouver, drivers are urged to assess their specific situations, including the nature of their driving habits. Several strategies may contribute to reducing premiums. Engaging in low-kilometer driving, defined by ICBC as traveling less than 10,000 kilometers annually, can offer substantial savings. Vehicles equipped with Advanced Emergency Braking (AEB) technology often receive a 10% discount due to their proven effectiveness in preventing accidents.

Vancouver Car Insurance Rates By Credit Score

Drivers in Vancouver who raise their credit score from the “Very Poor” (300–579) to the “Exceptional” (800–850) tiers see a 60% reduction in their car insurance costs. Saving money on car insurance can be achieved by moving from “Very Poor” to “Fair” credit. A credit improvement to “Fair” in Vancouver might result in a $557 reduction in your six-month insurance costs. Our data indicates that 32% of drivers in Vancouver have good credit (680-719).

Costs of auto insurance in Vancouver by credit level

Credit Tier Avg. 6 Mo. Premium

Very Poor……………..$1,426
Fair……………………..$869
Good……………………$710
Very Good……………$638
Exceptional………….$565

How much is Car Insurance in Vancouver?

For six months, the average price of car insurance in Vancouver is $710. Compared to the national average of $880, that is less expensive and more than the average for Washington ($684).

Vancouver Car Insurance Rates By Age

According to our research, 29% of drivers in Vancouver are between the ages of 20 and 29. Drivers in their 50s in have access to reasonably priced car insurance, with an average premium of $626 for six months. The prices for drivers in their 60s are slightly higher, at $652 every six months.

Teenage drivers between the ages of 16 and 19 pay the highest rates for car insurance. As you grow, your insurance rate decreases.

Age bracket Avg. 6 Mo. Premium
Teenagers…………….$3,157
20s………………………$956
30s………………………$694
40s………………………$657
50s………………………$626
60s………………………$652
70s………………………$835

How To Get the Cheapest Car Insurance In Vancouver

Find the best deal on car insurance by evaluating who is driving your car, how and when you use it, and other factors. Rates can be reduced by:

Being a low-kilometer driver… According to ICBC, this group includes drivers who travel less than 10,000 kilometers annually.
putting safety systems like automated emergency braking (AEB) in your automobile or purchasing one with such a feature. Because AEB has been statistically proven to improve crash prevention, vehicles with factory-installed AEB are eligible for a 10% discount.
Keeping your insurance record free of claims and driving convictions. ICBC offers discounts for long-term drivers with clean records.
Being a senior. These discounts apply to policies where the vehicle is owned or leased by a senior (65+) and is used for pleasure, not daily commuting.

Agent In Vancouver

For assistance with your car insurance, contact these insurance groups.

Vargo Insurance Agency

(360) 667-6050
15710 SE Mill Plain Blvd
Vancouver, WA 98684

WA Cig Insurance Solutions

(360) 254-2420
9120 NE Van Mall Loop
Ste 245
Vancouver, WA 98662

Advantage Plus Insurance

(888) 938-4197
3207 NE 54th St
Vancouver, WA 98663

Alliant Insurance Services Inc.

(360) 695-3301
105 W Evergreen Blvd
Ste 200
Vancouver, WA 98660

Can I get month-to-month car insurance in Vancouver?

ICBC offers short-term insurance but does not offer monthly insurance. There are policies available for one year, 3-11 months, or even short-term business permits for as little as 15 days. In other provinces, drivers must purchase one-year coverage, but they have the option to cancel before it renews.

Local agents can facilitate the process, ensuring drivers receive the best possible rates tailored to their lifestyles. Adopting proactive measures in selecting insurance options can enhance affordability and ensure adequate coverage for all Vancouver drivers. For additional information, visit here

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