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Information that has sort of been written before but got an e-mail to confirm earlier today from ICBC:
These cars aren’t in our database yet. However, when someone has a new model of vehicle that isn’t in our database, an Autoplan broker can still license and insure it, or provide a quote for the cost of insurance, based on the sum of the vehicle’s Manufacturer’s Suggested Retail Price, the cost of any optional manufacturer’s equipment, freight and pre-delivery inspection charges, and taxes, such as Harmonized Sales Tax (HST). When the model is entered in our database after they license and insure the vehicle, the owner will be sent a bill or refund if there’s a difference in costs between what they were charged and the premiums that are assigned for the vehicle later on.
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