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Alberta announces reforms to address high premiums for automobile insurance
CALGARY, AB – The Alberta government is promising reforms to reduce high auto insurances costs, but the Official Opposition says the changes are so soft and cosmetic they do little for drivers getting walloped by high premiums.
Finance Minister Nate Horner announced that as of January 1, 2024, drivers with good records cannot have their premiums increased by more than September’s inflation rate.
That rate was 3.7 per cent.