Albertans pay some of the highest auto insurance premiums in the country — and despite increasing fees, some insurers say the business isn’t profitable here.
"I think we're reaching a crisis point in Alberta's auto insurance market," he said, adding that 17 insurers lost money on the sale of coverage last year. Long history of caps Consumer...
Albertans shared input to help inform government actions to make auto insurance more affordable, stable and sustainable.
The provincial government's cap on auto insurance rates for Albertans deemed good drivers was touted as a short-term affordability measure. But some Alberta drivers have noticed that the cap isn’t...
According to newly released data from Insurance Bureau of Canada (IBC), auto theft claims costs in Alberta rose 55% between 2021 and 2023. Notably, theft claims costs went up a staggering 65% in Ed...
Reforming Alberta’s auto insurance system so it is more affordable and stable for drivers and insurers now and in the future.
A new consumer poll has found that 73% of Alberta drivers feel that government needs to take urgent action to improve affordability of auto insurance.
The province of Alberta should remove caps on insurance premiums, lower the provincial insurance tax rate and introduce a limited form of no-fault coverage, says a new report prepared for the Insurance Bureau of Canada (IBC). The report was written by economist Jack Mintz, the President's Fellow of the School of Public Policy at the University of Calgary. It also advises against setting up a non-profit, government-run insurance system, as has been done in B.C., Saskatchewan, Manitoba and Quebec. ...
Alberta’s government makes good drivers pay more for insurance to subsidize bad drivers. It’s time to tell the government to put a stop to it. Why are good drivers like you paying $180 million more in auto insurance for bad drivers?
Two auto insurance companies announced last week that they'd no longer do business in Alberta. Automotive journalist Lorraine Sommerfeld talks about the financial pressures that influence such deci...