Fact check: Is the AIRB complying with the government’s auto insurance rate pause?

Today Alberta’s Official Opposition stated that the Automobile Insurance Rate Board (AIRB) approved rate changes for two companies “on March 1, 2023”. This is incorrect. The rate filings were approved months prior to the government’s announced rate pause on January 26, 2023. The AIRB is in full compliance with the Ministerial Order. The AIRB publishes […]

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Do auto insurance premiums ever go down?

Like all businesses, an insurance company must cover its costs to stay viable. The difference with an insurance company is they do not know how much the final product will cost when they set the price. Insurance companies use a formula based on several identified risks to determine the price of your auto insurance policy. […]

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What does the rate pause mean for industry?

Today the Government of Alberta ordered the Automobile Insurance Rate Board (AIRB) to pause new rate approvals that increase private passenger auto insurance premiums for Albertans. This pause is in place until December 31, 2023. Click here to read the news release. Please note the Superintendent of Insurance issued two related bulletins: Interpretation Bulletin 01-2023: […]

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What does the auto insurance rate pause mean for Albertans?

The Government of Alberta ordered the Automobile Insurance Rate Board (AIRB) to pause new rate approvals that increase auto insurance premiums for Albertans. This order is in place until December 31, 2023. The announced rate pause means that going forward insurers cannot apply for new increases to Albertans’ auto insurance premiums until 2024. You may […]

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Fact Check: Does Alberta have the highest auto insurance rates in Canada?

Recent media reports of an Ernst and Young report commissioned by ICBC claim that Albertans pay the highest auto insurance rates in Canada. No, Albertans do not pay the highest rates in Canada, according to data from the General Insurance Statistical Agency. The Alberta Auto Insurance Rate Board (AIRB) has identified a number of issues […]

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AIRB Launches the Rating Profile Module in CARS

(January 4, 2023) The Automobile Insurance Rate Board (AIRB) launched the the Rating Profile Submissions Module in the Collection and Reporting System (CARS), increasing insurer accountability and enabling the direct entry of premiums for each rating profile, as required based on filing type. The security of the filing process is enhanced with CARS replacing email […]

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AIRB Christmas Closure

Happy holidays, and thank you for visiting the AIRB website. Our offices will be closed during the holidays from December 24 to January 2 and will be re-opening on January 3, 2023. We apologize for any inconvenience this may cause. If you need to get into contact with us you can email [email protected] and we […]

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Understanding Alberta’s Auto Insurance – A Guide for Alberta Drivers

Auto insurance should be easy to understand. Alberta drivers have told the AIRB they need insurance policy information in plain language. While we cannot change the policy wording we can offer information to assist drivers to understand their coverage. For more information on understanding Alberta’s auto insurance.

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Updates to Industry Benchmarks and Grid Rating Program, Releases 2022 Annual Review Report and 2022 Market and Trends Report

(September 30, 2022) The AIRB is announcing the following: Updates to the industry benchmarks for private passenger and commercial vehicles, taking effect October 1, 2022; Updates to the Grid Rating Program (Grid) rate change decision, taking effect January 1, 2023; Publishing the 2022 Annual Review Report; and Publishing the 2022 Market and Trends Report.   […]

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AIRB Launches New Website

(September 6, 2022) Because more Albertans are accessing the internet using mobile devices, the Automobile Insurance Rate Board (AIRB) is adjusting to this reality by launching this new website. The AIRB wants all Albertans to have easy access to information about auto insurance in the most convenient way possible. Our redesigned website ensures this. Because […]

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