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News

February 14, 2024
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February 8, 2024
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January 31, 2024
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January 27, 2024
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January 26, 2024
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January 19, 2024
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Resources

Alberta Private Passenger Vehicle Auto Insurance Data

There are 40 companies in Alberta that compete to provide auto insurance coverage to the province’s 2.8 million drivers.

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Alberta’s insurance industry is local and essential

Alberta’s home, car and business insurers play a key role in supporting the provincial economy.

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Is there anything that can be done right now to lower auto premiums?

A series of reforms are needed to deliver savings to Alberta drivers today and into the future.

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What’s happening with auto insurance rates in Alberta?

There are significant challenges in Alberta’s auto insurance system that, if left unaddressed, will put pressure on rates and threaten the viability of Alberta’s insurers.

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Legal costs driving up price of auto insurance in Alberta

New MNP report shows legal costs account for roughly 20% of premiums for mandatory coverage.

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It’s time to rethink Alberta’s Grid System

The current Grid framework penalizes safe drivers with higher premiums and incentivizes bad behavior on our roadways.

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Deloitte finds the current function of the Grid no longer aligns with its original intent

On average, drivers pay $65 to subsidize Grid system.

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IBC’s proposal to improving the affordability of auto insurance in Alberta

Enhancing Care & Expanding Choice would provide Alberta drivers with twice the amount of treatment and care following an accident, while giving them the ability to choose new coverage options to save up to $200 in premiums, on average.

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The truth about auto insurance premiums

Breakdown of how every dollar collected in private passenger auto insurance in Alberta is spent

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Videos

How Are Insurance
Premiums Calculated?

Have you ever wondered how your auto insurance premium is calculated? Here are a few of the factors insurance companies look at when determining your rates.

Alberta’s Insurance Industry is
Here to Help

The Alberta insurance industry is local and essential, and composed of members of your community who are there to support you when you need it most.

Alberta’s Insurance Industry is
Local & Essential

The insurance industry in Alberta is composed of people who care about helping their neighbours and making a difference for those in need.