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Alberta's new insurance regime will see savings for 88 per cent of vehicles: rate board
Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-09-10 18:23:35.0
Tags: [Alberta, Transportation, Affordability, Finance, Governance]The Alberta Auto Insurance Rate Board released reports indicating that the province's new "Care-First" auto insurance system, taking effect January 1, will reduce average private passenger vehicle premiums by 13.7 percent, saving drivers $297 per year. The analysis shows that 88 percent of Alberta's 3.1 million insured vehicles will see premium reductions, with about 47 percent (1.47 million vehicles) saving $300 or more, while approximately 10 percent of vehicles—led by a 37 percent increase for motorcycles—will face higher rates. The transition to the care-focused model, which replaces the court-based tort system, has drawn opposition from personal injury lawyers, governing United Conservative Party members who voted against it at an annual general meeting, and Opposition New Democrats who criticize it for prioritizing insurer profits.
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Government Responds to Rate Review Panel Recommendations
Source: Saskatchewan - Government News
Date: 2026-09-04 23:30:00.0
Tags: [Saskatchewan, Finance, Transportation, Affordability]The Government of Saskatchewan announced that Saskatchewan Government Insurance (SGI) will implement a 3.75 per cent overall Auto Fund rate increase alongside rate rebalancing, effective June 1, 2027, following recommendations from the Saskatchewan Rate Review Panel. The government also confirmed a 3.75 per cent increase that took effect on June 1, 2026. While the panel recommended an immediate 6.5 per cent capital margin increase, the government directed SGI to proceed with the lower rate increase to balance affordability with the Auto Fund's financial pressures from rising claims costs and inflation. The adjustment will result in an average annual increase of about $39.00 for Saskatchewan vehicle owners.
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