Average Car Insurance Cost Alberta
A clean driving record can lower your average alberta car insurance premium to around 110 month in 2017 it was 109 month in 2015.
Average car insurance cost alberta - How much does car insurance cost in alberta. That being said although the numbers aren t exact it is still important to first determine the average price of car insurance in alberta. Car insurance accounts for less than 3 percent of the average albertan s disposable income.
Alberta is the only province west of ontario than has not converted to a public insurance system. The automobile insurance rate board says that 27 insurers operating in alberta were granted rate hikes in recent months ranging from less than one per cent to almost 30 per cent for basic. Based on the latest data from the ibc albertans pay an average of 1 316 per year report released in august 2019.
The insurance bureau said alberta insurers have been paying out on average 1 12 in claims premium taxes and operating costs for every 1 of premium revenue resulting in about 2 billion. The rate of your alberta car insurance you will have to pay is strongly based on your driving history similar to auto insurance rates in other provinces.