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Thread: Alberta Auto Insurance change - DCPD

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    Default Alberta Auto Insurance change - DCPD

    Legislative change to Alberta Auto Insurance?
    Sounds like it's good for people who drive shitty cars, am I reading this right? Must be bad for people driving nice cars then?
    Quote Originally Posted by Calgary Herald
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    The new coverage, known as direct compensation for property damage (DCPD), is legislated in Bill 41, the Insurance Amendment Act , which passed into law almost a year ago.
    https://calgaryherald.com/news/local...4-c6e1a4d9c6b5

    Beyond insurance experts, what say you?
    Quote Originally Posted by Buster View Post
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    I'm not even going to get into it with you cretins

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    What my broker sent

    Untitled.jpg

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    Neat examples. Seems that anyone driving a newer car also has at-fault accidents, which kinda hides the actual mechanism here.
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    I'm not even going to get into it with you cretins

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    The whole thing is supposed to be rate neutral but I've heard that song before. This change is notable to someone working in the claims department of an insurance company but that's about it. Most people shouldn't notice much of anything other than the normal 25% - 30% year over year increases...lol...JK...sort of.
    "Masked Bandit is a gateway drug for frugal spending." - Unknown303

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    Tough time to be rich, amirite?
    Quote Originally Posted by Buster View Post
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    I'm not even going to get into it with you cretins

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    Quote Originally Posted by Masked Bandit View Post
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    The whole thing is supposed to be rate neutral but I've heard that song before. This change is notable to someone working in the claims department of an insurance company but that's about it. Most people shouldn't notice much of anything other than the normal 25% - 30% year over year increases...lol...JK...sort of.
    God I hope not.. Insurance rates keep going up for me as it is with no issues on my record at all. I think 2 years ago I saw a 20-35% increase as it was..

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    Quote Originally Posted by firebane View Post
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    God I hope not.. Insurance rates keep going up for me as it is with no issues on my record at all. I think 2 years ago I saw a 20-35% increase as it was..
    I'M HOPING...we've seen the end of goofy increases but nothing would surprise me at this point. My best guess is 5% - 10% for 2022.
    "Masked Bandit is a gateway drug for frugal spending." - Unknown303

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    Have you been seeing increased cases of people getting hit by uninsured drivers?
    Due to more unemployment / increased premiums etc.

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    Quote Originally Posted by Masked Bandit View Post
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    I'M HOPING...we've seen the end of goofy increases but nothing would surprise me at this point. My best guess is 5% - 10% for 2022.
    I'm not so sure about that. My former provider called me three days after I renewed and paid in full to demand a 20% rate increase for my renewal. They're not my provider any more.

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    lol @ legislating how insurance companies determine premiums.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

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    Canada has a very heavily regulated insurance market. Know where insurance is cheap. New Zealand, where its optional.
    Quote Originally Posted by Buster View Post
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    I'm not even going to get into it with you cretins

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    Quote Originally Posted by jwslam View Post
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    Have you been seeing increased cases of people getting hit by uninsured drivers?
    Due to more unemployment / increased premiums etc.
    I'd be curious to know this too. I know one of our contract staff rolling dirty like this, lol.
    Originally posted by killramos
    It's a Chrysler, it won't last long enough to depreciate.

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    Quote Originally Posted by Masked Bandit View Post
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    I'M HOPING...we've seen the end of goofy increases but nothing would surprise me at this point. My best guess is 5% - 10% for 2022.
    I told you, comrade. Capitalism is over. Move back to Mother Saskatchewan.
    2007 GMC 2500 Duramax
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    Quote Originally Posted by jwslam View Post
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    Have you been seeing increased cases of people getting hit by uninsured drivers?
    Due to more unemployment / increased premiums etc.
    Honestly, no. I would have really thought that would be the case when everything went to shit last year but it just never materialized.

    - - - Updated - - -

    Quote Originally Posted by SKR View Post
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    I told you, comrade. Capitalism is over. Move back to Mother Saskatchewan.
    Just need one more dirty capitalist paycheque

    Or a few dozen?
    "Masked Bandit is a gateway drug for frugal spending." - Unknown303

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    I used to dream about retiring rich, but realized that's stupid, so now every time I lok at ym retirement planning, I slide the date closer by a year or two. Socialism works great for people who don't work.
    Quote Originally Posted by Buster View Post
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    I'm not even going to get into it with you cretins

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    You what this tell me is that I should go out and search for $5K beaters going forward, like Rage's Sentra

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    Quote Originally Posted by Xtrema View Post
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    You what this tell me is that I should go out and search for $5K beaters going forward, like Rage's Sentra
    Beyond civic going to be a 90's civic again.
    Quote Originally Posted by Buster View Post
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    I'm not even going to get into it with you cretins

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    Quote Originally Posted by Xtrema View Post
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    You what this tell me is that I should go out and search for $5K beaters going forward, like Rage's Sentra
    His Sentra580 or his Civic63 are both suitable options for me at a $5k pricetag.

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    My Sentra worth 5k? Sweet.
    Originally posted by SEANBANERJEE
    I have gone above and beyond what I should rightfully have to do to protect my good name

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    Quote Originally Posted by ExtraSlow View Post
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    I used to dream about retiring rich, but realized that's stupid, so now every time I lok at ym retirement planning, I slide the date closer by a year or two. Socialism works great for people who don't work.
    I'm just going to spend my money until I run out and then shoot myself in the dick and face. I don't know if that's capitalist or communist though.
    2007 GMC 2500 Duramax
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