April 15, 2025
RISING RATES
Alberta’s Automobile Insurance Rate Board (AIRB) recently confirmed that automotive insurance rate increases of up to 7.5 percent will officially take place in July. According to a 2025 AIRB report, Alberta drivers paid an average annual premium of $1,703 in the first half of 2024, among the highest in Canada. Under the proposed new provincial system, victims of car accidents would not be able to sue parties responsible for injury and would instead be paid by their own insurers at compensation rates set by the province.
