Alberta’s insurers agree that auto insurance should be more affordable and are continuing to work with government and stakeholders to advocate for continued balanced changes that will further stabilize premiums for Alberta drivers. There are also 22 insurer groups (or 46 insurers) operating in Alberta that compete for consumers’ business. Consumers should shop around – it is proven to help drivers find better rates.
Since the start of the COVID-19 pandemic, the property and casualty insurance industry has also provided more than $1 billion in personal and commercial insurance relief to help Canadians impacted by the pandemic, plus an additional $200 million in deferred premiums to personal and commercial customers. These figures will continue to rise over the coming months as the industry continues to support Canadians through this challenging period.