How are auto insurance rates set?
The Superintendent of Insurance approves rating factors that insurers may use to set their rates,
The Superintendent of Insurance approves rating factors that insurers may use to set their rates,
After making a rate change proposal, insurers must wait between 30- and 60-days before those
This represents how much premium an insurer writes relative to the total size of the
Alberta’s insurers continue to work with the government and stakeholders to advocate for continued balanced
No. Alberta has a competitive insurance market and insurers compete for Albertans’ hard-earned premium dollars.
Filings go to the AIRB on a regular basis. This could be to request a
The AIRB does not disclose information about rate filing decisions prematurely for competitive reasons, as
Auto insurance premiums are calculated using many different factors (e.g., number of years driving, claims
No. Auto insurance in Alberta is heavily regulated. Premium changes are approved by the independent
No. Consumers can choose among different insurers' pricing mechanisms and benefit options to find a