Albertans can take survey on future of auto insurance

Apr 27, 2024 | 10:27 AM

The province is offering Albertans the chance to have their say on the future of auto insurance through a new survey.

“We have been working hard to come up with a long-term solution to the complex issue of rising costs of auto insurance. As we weigh our options to improve the system, we need to hear from Albertans with their thoughts and experiences,” says Nate Horner, President of Treasury Board and Minister of Finance.

“Their feedback will help us choose the right path to keep auto insurance affordable and sustainable.”

Oliver Wyman, one of the independent experts tasked by the province to look at systems and ways to reduce costs, compared average premiums under different existing auto insurance systems.

The Nous Group examined the broader costs and benefits of these different auto insurance models, the province says, adding that no decisions on changes have been made.

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These reports will be used to inform future engagements and policies.

“We know without reforms to address the rising cost of accident claims, auto insurance premiums will continue to increase,” Jamie Hotte, chair, Automobile Insurance Rate Board, says.

“We encourage all Alberta drivers to participate in the online public engagement survey to share their views on what they value and expect from their auto insurance.”

The survey is now available through June 26 at Alberta.ca.

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by Josh Hall | @Vancan19