As you may have already heard, Alberta automobile insurance premiums are on the rise. As consumers, we will all be facing some large increases, both for new and renewal business, in the months to come.
The Costen Insurance Team have been fielding many questions about the reasons behind the increasing premiums, so we thought it would be helpful to share some information that was provided to us by our friends at the Insurance Broker’s Association of Alberta (IBAA):
Our friends at Bootkik also created this video for us which further explains some of the reasons for the increasing premiums, as well as answers some of the common questions that we are being asked.
As always, our Team of knowledgeable and friendly Insurance Brokers are ready to answer any questions you may have! Please do not hesitate to contact us if you have further questions or if you would like further clarification regarding the above information.