Alberta Announces Reforms Regarding Auto Insurance Premiums

 

The government of Alberta proposes changes to lower the high cost of auto insurance. According to Finance Minister Nate Honore, starting on January 1, drivers with a clean record would not be able to see their rates increase over the rate of inflation in September. According to Horner, your government is dedicated to ensuring that auto insurance is reasonable, long-term, and equitable for drivers and insurers in Alberta. The declaration coincides with the province government's efforts to stop rate increases for auto insurance until the end of the year. In the meantime, the government's decision was criticized by the opposition. According to the opposition, the administration is only trying to attract drivers with expensive insurance.