 |
| Mandatory auto insurance premiums to remain the same |
According to the Automobile Insurance Rate Board (AIRB), premiums for mandatory automobile insurance in Alberta will not increase this year. The AIRB is an independent body making independent decisions but is attached to the Alberta Ministry of Finance and Enterprise for administrative purposes. It reviews auto insurance rates annually. Any adjustments to rates begin November 1 of the year in question. Based on consumer input, the AIRB decided to hold mandatory coverage premiums to the 2011 level. Optional collision and comprehensive coverage is set by the individual insurance companies, and is not affected by this decision.
Visit www.airb.alberta.ca for more information about the AIRB's mandate, and for information about rate changes over the prior year.
No comments:
Post a Comment
Thanks for taking the time to comment. Comments are moderated before being published. Please be civil.