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2 min read

Alberta Government Freezes Insurance Rates and Opens Up Payment Plans

By Rob Stevenson on Jan 27, 2023 2:34:54 PM

The Alberta government announced on January 25, 2023 that they would be freezing auto insurance rates and making it easier for residents to pay monthly for their insurance. We wanted to clarify what this all means for Albertans, how your it impacts your insurance premiums this year, and what it will mean going forward. 

Topics: Car Insurance Insurance Premiums Inflation Alberta Insurance
9 min read

What the Latest Rate Board Filing Decisions Mean for Alberta Drivers

By Rob Stevenson on Jan 13, 2021 3:27:08 PM

The Alberta Auto Insurance Rate Board (AIRB) is the organization charged with regulating auto insurance premiums in Alberta. Each quarter insurance companies can file requests asking for changes to their rates. The AIRB reviews these requests and approves or deny's them based on "actuarial justification and the insurer’s individual circumstances to ensure insurance is accessible, equitable and sustainable for all Albertans". The decisions have just been released for last quarters filings. Here's what these mean to Alberta motorists. 

Topics: Auto Insurance Commercial Insurance rates Insurance Premiums
2 min read

Alberta Government Making Moves to Fix Alberta Auto Insurance

By Rob Stevenson on Nov 2, 2020 10:42:01 AM

Alberta's UCP government is making moves to fix issues that have been plaguing Alberta drivers and insurance companies for some time. Insurance companies who have been attempting to work with our government to improve the situation for Alberta drivers are seeing a light at the end of the tunnel as the UCP announces plans to make changes for the better. This should mean a healthier insurance outlook, more medical support to those injured in collisions and more affordable insurance for Alberta drivers.

Topics: Auto Insurance Car Insurance Insurance Premiums
4 min read

Why Insurance Rates Are on the Rise

By Rob Stevenson on Sep 24, 2019 4:13:44 PM

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.

Topics: Auto Insurance Car Insurance Insurance Premiums
2 min read

What is a Backwater Valve? Can it Reduce My Home Insurance Rates?

By Rob Stevenson on Mar 3, 2014 3:48:00 PM

If you've been following the latest updates to home insurance in Alberta the past couple of months, you've heard mention of Backwater Valves and Backflow Prevention. There are a number of new and existing home insurance discounts that require you you have this device. Not to mention that it just might save your basement one day.

Topics: insurance edmonton home insurance Basement Flooding home Homeowners Insurance Premiums home maintenance
2 min read

Are Alberta Insurance Rates Really Going up 30% or More?

By Rob Stevenson on Oct 9, 2013 8:30:00 AM

insurance rate increaseThere have been a number of warnings from media and the insurance industry about Alberta rate increases over the past while. Weather and flood damage has take it's toll on insurance company coffers over the past couple of years and it's true that they are making adjustments to help sustain insurance products that work for all Canadians.

Topics: flood insurance Car Insurance home insurance Catastrophes flooding Insurance Premiums
2 min read

Catastrophic Losses - Are they Increasing?

By Bill Reay on Dec 11, 2012 9:41:00 AM

With all the talk about the Mayan calendar these days, it seems like a good time to look at what trends have been going on in the last year with regards to catastrophies and how it relates to our coverage and premiums.

Topics: Insurance Claims Catastrophes Insurance losses Insurance Premiums

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