Since 2017, Alberta insurers have faced multiple rate interventions. The government imposed a 5% rate cap between 2017 and 2019, followed by a full rate freeze in 2023, a 3.7% “good driver” rate cap ...
High vehicle repair costs, more claims and vehicle theft will drive pressure on auto insurance premiums in Alberta and Ontario.
In the past three years, Alberta has introduced various reforms to reduce the cost of automobile insurance. Despite these efforts, premiums have climbed steadily and now averages roughly $1,835 per ...
Money.ca on MSN
Alberta’s auto insurance cap is squeezing insurers — and more drivers are feeling it, too
Growing strain in the province’s insurance market is raising fresh questions about what drivers could face next ...
The cost of auto theft has spiked dramatically in Alberta over the past three years, according to data from Insurance Bureau of Canada. The national trade association representing insurers said auto ...
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