|Autoplan* 12 is a convenient way to pay your annual
Autoplan premium in 12 monthly instalments. It is a loan arranged
on your behalf with TD Canada Trust, ICBC*'s sponsoring bank
for Autoplan 12. All the paperwork is handled by the insurance
broker. Each month, your Autoplan12 payment is automatically
debited from your bank account.
|Cost of Autoplan12
|The cost of arranging Autoplan12 includes interest charges(TD
Canada Trust's prime plus three percent) and a one time administration
fee of $15 for that policy.
| You may finance
any portion of your annual premium with no minimum.
If you increase
your coverage or make other changes to your Autoplan policy
during the year, you may incorporate the costs into your Autoplan12
If you cancel
or reduce your Autoplan coverage during the year, any refund
on your policy will be automatically applied to reduce your
Autoplan 12 loan balance.
You may pay off
all or part of your outstanding loan balance at any time without
|Like Autoplan12, Autoplan6 is a loan arranged on your
behalf with TD Canada Trust. It offers flexibility and helps
you establish a good credit with ICBC if ICBC does not know
you, or if you have had payment problems in the past.
|The interest on Autoplan6 is the same as Autoplan12,
fixed at TD's prime rate at the time you enrol plus three percent.
However, the standard $15 Autoplan12 enrolment fee is waived,
as you are not eligible to finance an annual policy.
| you do not have
a recent history with ICBC and you do not have an active BC
you have just
finished two years on a cash-only basis with ICBC because of
previous payment problems