How long does it take to get rates approved?
After making a rate change proposal, insurers must wait between 30- and 60-days before those
Why are the rate increases higher than in past years?
After years of an affordable and stable auto insurance system in Alberta, claims costs relating
Do insurance companies just file for the highest rates possible?
No. Alberta has a competitive insurance market and insurers compete for Albertans’ hard-earned premium dollars.
How often do these rate filings happen?
Filings go to the AIRB on a regular basis. This could be to request a
Why aren’t the rate changes communicated earlier?
The AIRB does not disclose information about rate filing decisions prematurely for competitive reasons, as
What are some of the factors that go into calculating drivers’ premiums?
Auto insurance premiums are calculated using many different factors (e.g., number of years driving, claims
What is the Minor Injury Regulation?
In 2004, the Alberta government introduced a number of reforms to improve affordability after claims
What is and what is not considered a minor injury?
“Minor injuries” commonly refers to sprains and strains, whiplash and soft tissue injuries. Other injuries,
Why do my auto insurance premiums keep going up?
There’s a big reason – and that’s the rising costs associated with settlements resulting from
Do consumers have to stay with the same insurance provider?
No. Consumers can choose among different insurers’ pricing mechanisms and benefit options to find a