madmax Posted August 1, 2008 Report Posted August 1, 2008 http://www.cbc.ca/canada/edmonton/story/20...ance-rates.html Albertans can expect to pay five per cent more for their mandatory auto insurance starting in November.The Alberta Insurance Rate Board announced Thursday that it is allowing the increase in premiums as a result of its annual insurance rate review. The increase means that on average Alberta drivers could pay an additional $30 per year for their mandatory insurance coverage. "Alberta consumers continue to have access to fair and affordable auto insurance," board chairman Alf Savage said in a release. "While the cost of mandatory coverage rises slightly to reflect increased costs for insurers, premiums are still 13 per cent lower than they were prior to the auto insurance reforms implemented in 2004." During public hearings held in June, the Insurance Bureau of Canada asked the board to hike premiums by 37 per cent, which would have meant a jump of up to $200 a year for the average driver. Quote
guyser Posted August 1, 2008 Report Posted August 1, 2008 Growth as seen in Alberta can mean only one thing . Higher insurance rates. Still lower than a few years ago. I would suggest getting used to it. Stil cheaper than many other places. Quote
madmax Posted August 1, 2008 Author Report Posted August 1, 2008 Growth as seen in Alberta can mean only one thing . Higher insurance rates.Still lower than a few years ago. I would suggest getting used to it. Stil cheaper than many other places. You know I was trolling It looks like this is more about soft tissue damage and Legislation then about an increase in vehicular damage/claims. However, leave to the insurance industry to start their lobbying at 37% increases. I am interested in comparing their new rates to rates here in Ontario including our "September Gift" from the Industry, that I hear (from a very good source on a public forum ) are on their way. What made their rates go down from 2004? Quote
guyser Posted August 1, 2008 Report Posted August 1, 2008 What made their rates go down from 2004? Mainly the Re-Insurance market stabilized after 9-11. The insurance that insurance companies buy came back down to earth. The markets improved providing more money to the ins co's. And the one that is hard to fathom, and certainly could not be factored in by actuaries was the fear of making any sort of claim. The ins co's made a ton of money from the simple fact that people would not make a claim be it on the house or car. Soft tissue claims on the rise means there are more drivers on the roads and alberta is one of those places seeing growth...in everything including insurance. Quote
fellowtraveller Posted August 3, 2008 Report Posted August 3, 2008 (edited) I can see rates skyrocketing from the olde favorite: supply and demand.... Right now, it takes many months in Alberta just to get a car into the shop to be repaired, they are booked far into the future. An emerging huge issue in the industry is labour. Auto body mechanics are paid less than many other trades, and many are leaving to earn more in other work. That m,eans fewer qualified people, and that means higher costs, and that means higher rates. Even now, many shops refuse work from certain insurers because they squeeze them too hard. Edited August 3, 2008 by fellowtraveller Quote The government should do something.
rene52 Posted February 23, 2009 Report Posted February 23, 2009 “While a 6.7% increase may seem alarming at first glance, this increase can actually be attributed in part to a change we’ve noted in the shoppers getting quotes and the vehicles they’re shopping for,” explains George Small, Co-founder of kanetix.ca." ============================ rene Did you know you can cancel your current auto insurance carrier and switch to a lower rate offer...and get your money back! Auto Insurance Comparison Quote
Alta4ever Posted February 23, 2009 Report Posted February 23, 2009 Do you people even know what a five percent increase on the manditory coverage is? Thats liability and accident benfits, and five percent of the average policy is a woping 1-5 dollars. Yes I remember the one and two dollar checks that were sent out to when the province of Alberta mandated the 7% roll back of premiums in 2005, do you? I doubt a single one of you really understands the policy you buy. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
madmax Posted February 23, 2009 Author Report Posted February 23, 2009 I doubt a single one of you really understands the policy you buy. Why don't you and Guyser share a hug . I have no tolerance for insurance apologists. Giving $15 to the dark side of the force is $15 is comfort to the enemy. They are EVIL. Truth be told, there few people across Canada who read there insurance policy. There are even fewer that understand it. Just as there are few people who pay attention to what goes on with government regulation of Auto Insurance. Quote
Oleg Bach Posted February 23, 2009 Report Posted February 23, 2009 Auto insurance is not insurance against anything - It is a tacit agreement between the banking sector and the government to extricate a tribute from every last driver in the nation. Do drive without is a victimless crime - Cuba does well with out insurance. If you are caught without it here it is an offence. Not against the citizens but against some hog in some tower, squeezing you for illegal payment simply because he has friends in government and because he CAN. It's a tax inflicted by the privledged. Quote
Alta4ever Posted February 23, 2009 Report Posted February 23, 2009 Auto insurance is not insurance against anything - It is a tacit agreement between the banking sector and the government to extricate a tribute from every last driver in the nation. Do drive without is a victimless crime - Cuba does well with out insurance. If you are caught without it here it is an offence. Not against the citizens but against some hog in some tower, squeezing you for illegal payment simply because he has friends in government and because he CAN. It's a tax inflicted by the privledged. Is that so, I would like to see what wouldn't be protected when you slam your car into a parked car as you eat a burger, or talk on your sell phone and write off the third parties vehicle. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
Oleg Bach Posted February 23, 2009 Report Posted February 23, 2009 Is that so, I would like to see what wouldn't be protected when you slam your car into a parked car as you eat a burger, or talk on your sell phone and write off the third parties vehicle. In part you are correct - minimum protection should be granted - but you get a scuff or a scratch or a bang up and your rates increase - so in essence you pay out of your own pocket. Most people who have accidents do not report them...because they have counter insurance...or an agreement that is counter-protective to a great degree. Years ago I T-boned a cab while driving my mothers perky little Cadillac...The no-English speaking cabbie was speeding though a small lane and there were was a film unit parked on each side of the road causing a narrowing. I go to court and the cab driver is no where to be seen - the careless driving charge is dropped...Two years latter - my younger brother has to deal with a huge increase because he was running his vehicle though my mothers company. What the insurance company got back over time in premiums far surpassed the cost of repairs ---------------plus - legally - the court dismissed the charge because of the no show...You would assume that no fault would have kept the premium stable - it did not...I would call that opportunist usery. Quote
Alta4ever Posted February 23, 2009 Report Posted February 23, 2009 In part you are correct - minimum protection should be granted - but you get a scuff or a scratch or a bang up and your rates increase - so in essence you pay out of your own pocket. Most people who have accidents do not report them...because they have counter insurance...or an agreement that is counter-protective to a great degree. Years ago I T-boned a cab while driving my mothers perky little Cadillac...The no-English speaking cabbie was speeding though a small lane and there were was a film unit parked on each side of the road causing a narrowing. I go to court and the cab driver is no where to be seen - the careless driving charge is dropped...Two years latter - my younger brother has to deal with a huge increase because he was running his vehicle though my mothers company. What the insurance company got back over time in premiums far surpassed the cost of repairs ---------------plus - legally - the court dismissed the charge because of the no show...You would assume that no fault would have kept the premium stable - it did not...I would call that opportunist usery. Insurance fault charts are seperate from whether or not you have a conviction dropped. Depending on how the accident happen you may have been partial liable for the damage depanding on how the accident happened. As for your first part about the claims, if you have a paint scratch from a fender bender if you aren't deemed at fault your insurance doesn't rise, if you are, it does go up. If it is vandilism then you report it your comprehensive portion of your policy pays out minus your deductable and your rates do not increase. Same goes for hitting a deer, its consiered a comprehnive claim your rates don't go up. The problem is their is no education about buying insurance, and people don't seem to understand or what to understand what they are purchasing. Just for the record their is no such thing where their is an accident where there is not a party a fault in a colision o two vehicles, someone has always made a mistake. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
Oleg Bach Posted February 23, 2009 Report Posted February 23, 2009 I agree - other than that mishap - I drove hundreds of thousands of miles...staying aware - no cell phones and rarely even music in the vehicle- could safely say with this attitude and looking out for the other guy - plus keeping the vehicle in safe mechanical order - I would never have an accident. I'm the type of driver that is real finicky about mechanical perfection...To be crusing at 140 and have a tire blow or a part fail was not in the cards. Looks like you accept systems as they are and respect them... I comply to that only if they are fair. When there was lots of money available for myself --- I would simply go into an office and by coverage in a two year package and not worry about it - The average person - and now I am less than average can not afford to drive - have not been behind the wheel of a car in two years -----do I miss it? No - Like Henry Ford invisioned - the car was not to be a daily usage item. He wanted all people to have a way to leave the city and enjoy nature at least once a week - hense the sunday driver - I have gotten back to that point in my own life - The only reason to drive would be to leave this stinking urban hell hole and get back to where I belong -- the country side..Then I would park it ----or on a nice sunny afternoon..slowly cuise the back road with my brother sipping gin out of the bottle and enjoying the scenery...He is the finest drunk driver I know - never had a mishap. Quote
guyser Posted February 23, 2009 Report Posted February 23, 2009 “Did you know you can cancel your current auto insurance carrier and switch to a lower rate offer...and get your money back! Auto Insurance Comparison Not neccesarily. Pretty much a short rate cancellation applies if you are in the term. Giving $15 to the dark side of the force is $15 is comfort to the enemy Madmax, think of it in a positive way, it means that a hard working broker gets a little raise this year. Now I can get the Crueller AND a coffee. Thanks ! Quote
Oleg Bach Posted February 23, 2009 Report Posted February 23, 2009 Not neccesarily. Pretty much a short rate cancellation applies if you are in the term.Madmax, think of it in a positive way, it means that a hard working broker gets a little raise this year. Now I can get the Crueller AND a coffee. Thanks ! I will buy you a coffee - as for a raise...you don't need one..down size a bit - skip that southern holiday and go fishing at a local lake - the one you used to go to as a kid..that savings will keep you in curllers for at least 5 years. Quote
guyser Posted February 23, 2009 Report Posted February 23, 2009 Do you people even know what a five percent increase on the manditory coverage is? Thats liability and accident benfits, and five percent of the average policy is a woping 1-5 dollars. Liability and AB only costs $100 ? I doubt a single one of you really understands the policy you buy. I would think that is a bit wrong, if not condescending. Most people understand the basics of a policy. Quote
guyser Posted February 23, 2009 Report Posted February 23, 2009 I will buy you a coffee - as for a raise...you don't need one.. Yea thanks, but my Doc says otherwise down size a bit - I am back running so I will downsize a bit. Perhaps 20lbs downsized by the end of April. Dont want to look like some fat russian babushka at the beach. go fishing at a local lake - the one you used to go to as a kid..that savings will keep you in curllers for at least 5 years. Every weekend thanks, no need to fiond the one I used as a kid, still use the same one. No thanks on the curllers , I have a striaghtening iron ....some of that spray on hair....and some mousse and I am good to go. I shall do my best to keep the feather boa out of the hairspray. Quote
Oleg Bach Posted February 23, 2009 Report Posted February 23, 2009 Yea thanks, but my Doc says otherwiseI am back running so I will downsize a bit. Perhaps 20lbs downsized by the end of April. Dont want to look like some fat russian babushka at the beach. Every weekend thanks, no need to fiond the one I used as a kid, still use the same one. No thanks on the curllers , I have a striaghtening iron ....some of that spray on hair....and some mousse and I am good to go. I shall do my best to keep the feather boa out of the hairspray. Ha ha - Guyster is not a guy - he is a girl. Not that there is anything wrong with being a girl...reminds me of the Seinfeld episode..."We are not gay okay - not that there is anything wrong with it" Nice to meet you. Don't ever take my comments seriously...you have lost a bit and you look very very young and vibrant these days ---- the glow is blinding even from here. Okay - you can have the raise...on one condition....no more purchasing of boa - and get rid of the moo moo outfit. Sorry - I just could not help myself. Quote
guyser Posted February 23, 2009 Report Posted February 23, 2009 Ha ha - Guyster is not a guy - he is a girl. I am ? Quote
Oleg Bach Posted February 23, 2009 Report Posted February 23, 2009 I am ? Or a person of modulating sexual orientation...if so your fired...I may be liberal to a degree but not that liberal...nawh - your a man who thinks he's funny - and If I was your employer I would fire you immediately...unless you are a woman then I would harrass you and you could fire me...That's almost funny ....so what brand of spray on hair do you use oh chrome domed one..? Quote
guyser Posted February 23, 2009 Report Posted February 23, 2009 Wait until the Ontario people get their auto renewals......dont call me thanks ! Quote
Oleg Bach Posted February 23, 2009 Report Posted February 23, 2009 Wait until the Ontario people get their auto renewals......dont call me thanks ! Is this good news or bad? Explain --- what is an auto renewal...and why would should we not call you? Quote
guyser Posted February 23, 2009 Report Posted February 23, 2009 Is this good news or bad? Explain --- what is an auto renewal...and why would should we not call you? Bad news for you. Good news, sort of, for me. An 'auto renewal' is the annual renewal of your auto policy whereby you see how much I gouged you. Dont call me cuz I dont want to hear about it. But I will, since I have to . Insurance is pretty much recession proof. When the economy sours, insurance rates go up, and Madmax goes Hinckly on me. GTA increases are up 25% in many cases, but we are smart and advertise rate increases as a percentage across this province. Pretty big province.No, amke that a HUGE province, almost like the centre of the universe...or Canada. YMMV Not that a rate increase of 2% matters up in Kapuskasing or Hornepayne or Cochrane , but it certainly brings down the numbers in the GTA and make it seem more palatable. Quote
Oleg Bach Posted February 23, 2009 Report Posted February 23, 2009 Bad news for you.Good news, sort of, for me. An 'auto renewal' is the annual renewal of your auto policy whereby you see how much I gouged you. Dont call me cuz I dont want to hear about it. But I will, since I have to . Insurance is pretty much recession proof. When the economy sours, insurance rates go up, and Madmax goes Hinckly on me. GTA increases are up 25% in many cases, but we are smart and advertise rate increases as a percentage across this province. Pretty big province.No, amke that a HUGE province, almost like the centre of the universe...or Canada. YMMV Not that a rate increase of 2% matters up in Kapuskasing or Hornepayne or Cochrane , but it certainly brings down the numbers in the GTA and make it seem more palatable. The economy sours and the rates go up. What you are saying is the less money people have the more you are willing to take form them in their weakened state? You are like a bank that gouges out NSF charges on those with the least amount of money who can least afford the charge - kind of a fine for being poor. Why do I feel like the attractive virgin maiden being stocked though the field by the son of the nobleman - who smiles like a wolf as he approaches? Quote
guyser Posted February 24, 2009 Report Posted February 24, 2009 Why do I feel like the attractive virgin maiden I have no idea. You arent attractive, nor are you a virgin. But you have killed far too many kittens today. Quote
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