According to data from GISA, Alberta insurers’ operating expenses are in line with the rest of the country. Instead, the primary driver behind the increase in premiums is the rising costs of settling injury claims, including legal costs, after a collision. After being stable, the average bodily injury claims cost has increased by nearly 8% per year, from $41,169 in 2011 to $74,258 in 2019, according to Oliver Wyman, the Alberta Automobile Insurance Rate Board’s consulting actuary.

*Sources: 2020 Oliver Wyman Annual Review Report (2015-2019 Data, page 16), 2019 Oliver Wyman Annual Review Report (2014 Data, page 14), 2018 Annual Review Report (2012-2013 Data, page 15), and 2017 Annual Review Report (2011 Data, page 24)