Alberta Auto Insurance

• Alberta auto insurers lost $1.2 billion in 2024: Report

  The report notes insurers lost more than $1.2 billion on the sale of auto insurance in 2024, paying out more in claims and expenses than drivers paid in premiums.

  Economy

  Jan 9
  
• Wild weather remains wild card as Alberta aims to fix auto insurance system

  The Insurance Bureau of Canada says Alberta has experienced five of the top 10 costliest natural disasters in Canadian history, all of which have occurred since 2016.

  Consumer

  Nov 22, 2024
  
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• Rate hikes, no-fault claims in new rules pitched for Alberta auto insurance

  Under the new system, victims in most cases won’t be able to sue those responsible for their injuries and, instead, insurers would pay compensation at rates set by the government.

  Consumer

  Nov 21, 2024
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• Additional auto insurance companies could leave Alberta without system reforms: DBRS

  A major global credit rating agency says Alberta must come up with a "clear long-term solution" to its auto insurance woes or additional insurers will depart the province.

  Consumer

  Jul 10, 2024
• Newcomers to Canada can face costly roadblocks getting auto insurance

  After moving to Canada in 2021, Farshad Barzegar is speaking out about insurance companies not accepting out-of-country or international driving histories.

  Consumer

  May 30, 2023
• Alberta freezes rate increases for private vehicle insurance in 2023

  The province said it is also looking at short- and long-term solutions to lower insurance rates.

  Canada

  Jan 26, 2023
• Alberta’s vehicle insurance premiums among the highest in Canada: report

  A recent report by Ernst & Young has found Alberta has some of the highest auto insurance premiums in the country.

  Consumer

  Dec 12, 2022
• Insurance apps that track your driving could now yield premium increases

  A growing number of provincial regulators are allowing auto insurers to apply premium increases for risky behaviour detected through phone apps and telematics devices.

  Money

  Mar 21, 2021
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• NDP says numbers show auto insurance firms not struggling in Alberta, asks UCP to reinstate cap on premium hikes

  Alberta's NDP renewed its call to reinstate a cap on auto insurance premium hikes on Wednesday, citing new numbers they say show the industry is not struggling in the province.

  Consumer

  Dec 17, 2020
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• Panel recommends no-fault auto insurance to address rising, costly premiums for Albertans

  The panel says the main reason for increased costs is higher injury payouts characterized by adversarial courtroom conflict, fault-finding, delays, and duelling experts.

  Consumer

  Oct 29, 2020