Insurance Hikes

[Eleanor]

Can't believe this hasn't made it on here yet.

http://www.canada.com/calgaryherald/...6-1a5925d1b395

Canada's national insurance industry lobby group met with resistance Tuesday to its call for a hefty 37 per cent premium hike on auto insurance, an increase that would see the average Alberta driver hit with an additional $225 in yearly rate costs.

[brown_guy]

At this rate no one will drive in summer ....gas prices plus Insurance Omg... What are we gonna do when winter hits???

[schocker]

Originally posted by brown_guy
At this rate no one will drive in summer ....gas prices plus Insurance Omg... What are we gonna do when winter hits???

that is a pretty substantial hike. i still dont understand how other provinces seem to have alright insurance while not having increases such as this but still provide proper compensation when accidents occur.

[teg_boya]

ya what the fuck we pay the most money for insurance out of any province and if we get into any kind of collision we cant even claim it because our insurance will then proceed to double. Alberta insurance is bs

[403Gemini]

What the hell did you guys expect? With the soft tissue cap removed rates are going to hike

So whoever thought: http://www.cbc.ca/canada/calgary/sto...ce-ruling.html

was a good idea, well now you're seeing the reprecussion. Blame the people who are taking advantage of the cap removed.

[rmk]

I've stopped caring. My company is a bunch of assholes anyways. Pay and go

[403Gemini]

Who knows, maybe it'll cut a few people off the road and the price of gas will go down?

... okay im done dreaming.

[Speed_69]

Originally posted by 403Gemini
What the hell did you guys expect? With the soft tissue cap removed rates are going to hike

So whoever thought: http://www.cbc.ca/canada/calgary/sto...ce-ruling.html

was a good idea, well now you're seeing the reprecussion. Blame the people who are taking advantage of the cap removed.

Everyone should have already seen this coming when the cap was removed. If insurance companies are paying out more for claims, they obviously gotta make it up in higher premiums.

[Eleanor]

Originally posted by 403Gemini
What the hell did you guys expect? With the soft tissue cap removed rates are going to hike

So whoever thought: http://www.cbc.ca/canada/calgary/sto...ce-ruling.html

was a good idea, well now you're seeing the reprecussion. Blame the people who are taking advantage of the cap removed.

Yeah I know, I was expecting it, however I had to laugh at the editorial in the Herald (I think that's where I saw it) talking about how the insurance companies are already making too much profit, and that this ruling would only cut into their margins, not our wallets. Companies don't work that way

[Xtrema]

Cars cost more, repair cost more, medical services cost more. Insurance will cost more.

But we should shift the cost to bad drivers and not the general public.

Each at-fault non-injury accident should add 50% to the previous rate.

Each at-fault injury accident should add 100% to the previous rate.

Each traffic offense will increase premium by 20%.

Driving without insurance should be a criminal offense with a minimal prison term be the period the of the person is without insurance on the vehicle involved in the accident.

[Masked Bandit]

Originally posted by teg_boya
ya what the fuck we pay the most money for insurance out of any province and if we get into any kind of collision we cant even claim it because our insurance will then proceed to double. Alberta insurance is bs

Get a clue Junior. Move your ass to Toronto, ask for a quote and then tell me Alberta insurance is too high.

If you don't like it, pick one province East or West and pack your U-Haul.

[Masked Bandit]

Originally posted by Eleanor


Yeah I know, I was expecting it, however I had to laugh at the editorial in the Herald (I think that's where I saw it) talking about how the insurance companies are already making too much profit, and that this ruling would only cut into their margins, not our wallets. Companies don't work that way

Finally, someone with some common sense. Thank you.

[Masked Bandit]

Originally posted by rmk
I've stopped caring. My company is a bunch of assholes anyways. Pay and go

Sadly, this is probably quite close to the truth.

[gretz]

^^ TO insurance was going to cost my buddy $6000 a year for a $1500 ef. Thats f'kd

[Tomaz]

Beleieve it or not, my insurance is going down still!!!!

keep in mind I was paying nearly $1000/month 3 years ago.



Anyway! i freeking hate these insurance hikes! the idea of the market-style insurance was a scam to begin with. Would it be such a bad idea to have public insurance like in almost every other province in Canada? Or better driver's training?

I don't know, i wish i had sollutions...

[mazdavirgin]

Originally posted by 403Gemini
What the hell did you guys expect? With the soft tissue cap removed rates are going to hike

So whoever thought: http://www.cbc.ca/canada/calgary/sto...ce-ruling.html

was a good idea, well now you're seeing the reprecussion. Blame the people who are taking advantage of the cap removed.

I blame our retard government that passed a law that was struck down for being unconstitutional. You think they would have checked before making such a stupid move? I don't get why the BC auto insurance is cheaper and has better coverage than our rates in Alberta... Lastly the Insurance companies are making record profits here in Alberta. Geez I wonder why that might be?

[ralliart_girl]

The whole reform system - was based on alot of research that was done on the ONT. injuries system...so i was actually quite surpise to hear that a judge shot it down...

wait...how does BC have better coverage????

[Masked Bandit]

Originally posted by mazdavirgin


I blame our retard government that passed a law that was struck down for being unconstitutional. You think they would have checked before making such a stupid move? I don't get why the BC auto insurance is cheaper and has better coverage than our rates in Alberta... Lastly the Insurance companies are making record profits here in Alberta. Geez I wonder why that might be?

Hold on there buddy......what makes you think ICBC is cheaper than Alberta?

[mazdavirgin]

A couple years old but the rates haven't changed much... Note this included the soft tissue caps.

http://www.consumer.ca/pdfs/cac_2005...y_18_2005_.pdf

[Masked Bandit]

I don't know where those guys got there data from but I can tell you that some of the number pertaining to Alberta have to be wrong.....like way wrong.

One of the numbers was the average price of people in Cochrane. It listed at $1611. No....bloody....way. If you are only looking at people 25 and under, maybe. Including all the adults, impossible.


This debate of government vs. private industry comes up every time anything changes in the insurance world. Unless the people voicing opinion have ACTUAL INSURANCE INDUSTRY KNOWLEDGE, it's just people bitching and moaning about something they know nothing about.

I've been a consumer of both government and private insurance. I work in private insurance and I have a very close friend who works in government insurance. I've been on both sides of the fence as a consumer and from an employment viewpoint and I can tell you this......there is no way government insurance is better for the consumer in the long run. It might work out better if you are the 17 year old kid that wants to drive a RHD whatever and be all fast and furious...but that's about it. Ask the 40 year old family guy with a minivan......Alberta's got the better deal.

Just remember kids, you're only high risk for the first nine years of your fifty plus driving year career. Do you want to pay the higher rates for the first nine or the last fifty?