We hate to be the bearer of bad news, but this affects us all and it is important that Albertan's understand why insurance rates are increasing this fall. There is no short term fix, but the industry is working with the Government towards a solution. With the Alberta auto insurance rate cap being lifted this September, insurance companies have applied for, and been granted, rate increases by the AIRB (Alberta Insurance Rate Board). We are expecting to see rate increases from all insurance companies on renewals and new policies starting in November.
When the New Alberta Government allowed the Auto Insurance Rate Cap to expire on September 1 of 2019 almost every insurance company in Alberta applied for rate increases. Some requests are in the 10-20% range. We will find out this Friday (September 27th) what kind of increases have been approved and what to expect in the coming months.
Everybody is trying to save some money on their insurance these days. In fact, we often have people calling looking to reduce their coverage to save some money on their annual premiums. While dropping coverages off of your insurance policy can help save you some money in the short run, it could mean that you lose significantly in the event of a claim.
Topics: Auto Insurance
If you've ever been involved in a collision, you know that no matter how minor, it leaves you shaken. This makes recording all of the information that you need that much harder. Armour makes this process a little bit easier with the Armour Mobile App and our guided claims process.
You may have noticed that shopping for an auto insurance policy in Alberta has become increasingly frustrating over the last little while. With increases in claim costs and government capping Alberta auto insurance providers are finding themselves losing money. Here's what you need to know about what is happening to auto insurance in Alberta right now.
Banks have been using credit scores for years to give lower rates, special offers and other promotions. Over the last number of years insurance companies are following suit. Now, your good credit can save you real money on your auto and home insurance. Giving us consent to preform a soft credit check can save you up to 20% off.
When she entered the Select Sweepstakes draw seven months ago, Sara Shaw never imagined that she would win.
What happens if you lend your vehicle to a friend or relative and they get into an accident while driving? What are the risk of lending someone your vehicle? Whose insurance will cover the damages? These are the questions you should have an answer to before lending out your vehicle.
It can certainly be frustrating when you get pinned in behind slower moving vehicles driving shoulder to shoulder down the QE2. The fact is that sometimes life in the fast lane isn't all that fast on Alberta roads, but what do the Alberta Traffic Laws say about this. We took a closer look at the Alberta Traffic Safety Act to uncover some Rules of the Road when it comes to slow moving vehicles.
Recently a man received a ticket for distracted driving for answering a text message while waiting in line at a Beaumont area Tim Horton's drive through. While there is some speculation that he may have been texting on the way to Tim Horton's as well, it seemed like a good time to take another look at Alberta's distracted Driving Legislation.