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Tag: Auto Insurance Rate

Top 10 Auto Insurance Myths

The color of my car determines my auto insurance rate. My credit score has no bearing on my insurance premium. I have auto insurance coverage so my new car is already covered… right?

Maybe not! Below is a list of fallacies many car owners believe and drive by each day. The truth just might make you [...]

Hybrid Vehicle Ownership Costs

Thinking about purchasing a hybrid to save on gas? What if we told you that owning a hybrid could also decrease your auto insurance rate?
To help you compare the savings of each hybrid model, the ACEEE has developed a chart displaying the make, model and estimated tax credit per car.

Current Models

Make
Model
Estimated Tax Credit

Ford
Escape Hybrid (2wd)
$2,600

Ford
Escape [...]

Insurers back call for Alberta auto hikes

Some insurance companies appearing at public hearings of Alberta’s Auto Insurance Rate Board have called for a steep and swift increase in basic auto premiums.

    But some recommended staggered increases to ease the blow while others suggested the board dispense with industry-wide rate setting altogether.
    ING Insurance recommended an industry-wide hike of 37%. “Not all [...]

Alberta regulator puts 5% limit on basic auto premiums this year: industry group had sought 36.9% because of loss of minor injury cap

Alberta basic auto insurance premiums will rise by a maximum of 5% — about $30 a year for the average driver — beginning in November.
    The ceiling set by the province’s Auto Insurance Rate Board is a far cry from both the 36.9% hike sought by the Insurance Bureau of Canada at public hearings last [...]