We already have some of the highest car insurance rates in the country, but who’s looking out for Albertans? I asked the UCP Finance Minister a simple, fair question: What if car insurance increases were capped at the rate of inflation? His answer? Absolutely not. His plan? Nearly double rate increases to 7.5% for good drivers, 88% over the next decade. This government keeps choosing corporate bottom lines over your family’s budget. Albertans deserve better. #ABLeg #ABPoli | Peggy Wright MLA Edm
We already have some of the highest car insurance rates in the …
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The current auto insurance rate cap of 7.5% (which is already more than triple current inflation rates) only applies to policy renewals. This means new drivers, newcomers to Alberta, and those wishing to switch insurance providers can face enormous insurance costs. Indexing auto insurance rates to inflation would help keep life in Alberta more affordable and promote the free market by giving people the freedom to shop around rather than needing to renew with their current provider. #abpoli | Sar
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