Speaking at a Friday press conference, the Opposition leader pointed to the Superintendent of Insurance’s 2020 Annual Report, which said the car insurance industry charged Alberta drivers $385 million more in premiums in 2020 than in 2019, extrapolating the total to $1.3 billion over the course of the last three years.
However, the Alberta Auto Insurance Rates Board — a non-partisan review board that looks at requests for rate increases — said the increase was temporary and not as high as the 10 to 30 per cent Notley is claiming.
However, she said despite the cap in place, rates jumped 6.9 per cent in 2019 and insurance was less accessible for additional coverage like collision depending on driving records and locations.
She said added rates do vary from company to company and recommends consumers shop around for the best deal, even going straight to companies and going around a broker if need be.
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