What Is The Main Cause Of The Rise In Auto Insurance Premiums?

There are many factors that have contributed to increases to auto insurance premiums for Alberta drivers – from more expensive repairs due to new technology in vehicles, to auto theft, to distracted driving.

Even with all these factors, the largest contributor to increased claims costs has been the cost to settle injury claims after a collision. This means there are more lawsuits that have settled for higher amounts.

*Source: Source: IBC with data from GISA. Excludes the Health Levy.