Close

What are you looking for?

Search

Menu

Tag: website

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 with the Ernst and Young report:

  • Lowest quote not considered: When reporting premiums, the report did not consider the lowest quote offered and instead used an average of the higher quotes. There are over 40 different insurance companies offering coverage for private passenger vehicles in Alberta and there can be significant differences from the lowest to the highest quote.
  • Discounts were not considered: Alberta’s private auto insurers offer a number of discounts to lower your premiums. For example, bundling your auto and home insurance can be a discount of up to 20%.
  • Alberta Grid not considered: Insurance companies must compare a driver’s rate under their current rating program to a driver’s rate calculated for the Grid and charge the lesser of the two rates.

The AIRB has accurate information on auto insurance rates in Alberta. AIRB data shows insurers have been approved to increase rates just 3.17% in the last twelve months (January to December 2022), while inflation is more than 6%. Insurers’ rate filing information is publicly available here.

In Alberta’s competitive marketplace, drivers should explore their options for auto insurance by shopping the insurance market. The AIRB comparative rating tool lets you compare the auto insurance rates of the most common profiles of Alberta drivers.

Click here to learn more about how to reduce your auto insurance rates.

Update (January 24, 2023): Ernst and Young issued a clarification that explains the limitations on the scope of their work.

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 will get back to you as soon as our office re-opens.

 

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.

Winter Driving Season Is Approaching, Be Prepared

As winter driving season will soon be here, we want to remind Alberta drivers to be prepared by planning ahead:

 

Watch this 60 second video to learn how you can prepare for winter driving.

 

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 websites designed for mobile devices use less bandwidth, Albertans with less connectivity, such as rural and remote areas, will also have better access to this website.

Since 2017, the AIRB has seen a steady increase in users visiting our website using mobile devices. In 2022, almost four of every ten visits were made from a smartphone or tablet.

When the AIRB its previous website design in 2009, we created it with desktop and laptop computers in mind, as the use of mobile devices was in its early days. With more visitors using mobile devices, the AIRB needed to update the website’s design, so Albertans and stakeholders can obtain information on auto insurance on any device.

This website enhances the AIRB’s mandate to educate Albertans and provide them with timely and accurate information about auto insurance. The redesign also makes it easier for insurance industry stakeholders to find the information they need to conduct business in Alberta.