Alberta has grappled with auto insurance premiums for over two decades. To curb increases, it has undertaken many reforms such as introducing the command-and-control Grid rating system, caps on premium increases, no-fault insurance for compensation for property damage and a limit on insurance premium increases for good drivers.

Alberta’s automobile insurance system has experienced significant increases in claim costs which are impacting premiums paid by the province’s three million drivers.

Insurance Bureau of Canada has found major errors and flaws in the study. These inaccuracies result in incorrect and misleading conclusions, and dramatically overstated savings from a move to a public no-fault system in Alberta.

There is a reason that no jurisdiction in North America has moved to create a public auto insurer in almost 50 years – they simply don’t work.

There are 39 companies in Alberta that compete to provide auto insurance coverage to the province’s 3.4 million drivers.

Alberta’s home, car and business insurers play a key role in supporting the provincial economy.

New MNP report shows legal costs account for roughly 20% of premiums for mandatory coverage.

On average, drivers pay $65 to subsidize Grid system.

Breakdown of how every dollar collected in private passenger auto insurance in Alberta is spent.

Over the past two years, three auto insurance providers filed notice with Alberta Superintendent of Insurance of their decision to withdraw from selling polices in the province. This has impacted roughly 50,000 customers.