Morning rush hour traffic on Calgary's Deerfoot Trail.
The provincial government's cap on auto insurance rates for Albertans deemed good drivers was touted as a short-term affordability measure. But some Alberta drivers have noticed that the cap isn’t kicking in for them until 2025, and they’re still seeing increases way above 3.7 per cent this year.Some Alberta drivers are worried the province will remove its program for those deemed good drivers before the incentive kicks in for them. The provincial government's 3.
"Let's say the government announces any new changes to that policy, then it's no use for me. So that's kind of sad for me," he said.Although the program took effect in January, some companies — including some of the province's largest insurers — didn't file their rates until this month. It can take up to a year for those changes to be seen on drivers' premiums, he said.
Had a minor traffic conviction in the last three years, such as failure to stop or following too close. "All of these are putting a lot of pressure on auto insurance rates in the province and with insurers unable to address those for most of their customers, it means if you fall outside the definition of a good driver, you are likely to see higher rate increases as a result."Alberta's Automobile Insurance Rate Board, an independent agency responsible for regulating auto insurance, uploads all insurers' rate filings online.
The senior press secretary for Nate Horner, Alberta's minister of treasury board and finance, told CBC News in a statement that there are measures in place for the rest of the province's drivers.
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