On January 26, 2023, the Authorities of Alberta introduced a price pause for personal passenger automobile insurance coverage till the tip of the 12 months. As your trusted dealer, we wished to ensure you perceive how the Alberta auto insurance coverage price pause impacts you.
The Authorities of Alberta has paused price will increase for personal passenger automobile insurance coverage till the tip of 2023. Nevertheless, the next can imply you continue to see a change in the price of your auto insurance coverage:
- Modifications to your driving file similar to an at-fault declare or ticket.
- Modifications to your auto insurance coverage coverage similar to altering your protection, including or eradicating a automobile, including or eradicating a driver, or altering how you employ your automobile.
- Fee will increase authorised earlier than January 25, 2023, will keep in impact, together with the ten per cent GRID enhance.
Alberta makes use of a system known as the Alberta GRID to find out the utmost allowable charges for obligatory legal responsibility insurance coverage. That is primarily based in your driving file and the variety of years you’ve had a license. A ten per cent GRID enhance was already authorised for 2023, which means some drivers will see price will increase.
In case you have any questions concerning the GRID system or how auto insurance coverage premiums work, please contact your dealer. They’ll additionally talk about extra cost-saving measures you possibly can take.