Alberta’s government is poised to overhaul the province’s auto insurance system, with a no-fault model emerging as the most likely, offered to counter rising premiums.
New cars are lined up at a Chevrolet dealership on Friday October 11, 2024 in Quebec City.
“Everyone can access care and benefit at the same level, regardless of who's at fault in the accident,” said Brown.Critics worry about reduced compensation for serious injuries and the loss of the ability to sue for damages. While a no-fault system could theoretically lead to lower premiums, the province is also considering lifting or raising the current 3.7 per cent rate cap, which could result in steep short-term increases.“You’ll be paying exactly what you are paying today or more four years from now, and you won’t have the ability to sue. It’s a terrible, terrible outcome,” he said.
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