Albertans with good driving records could see a bit of extra money in their pocket. The Government of Alberta is exploring long-term solutions for rising insurance costs and part of that would be ensuring that Albertans with good driving records would not see their insurance rates rise from inflation. The proposed reforms would start on January 1, 2024.

“We know that Albertans have been struggling with their auto insurance rates and that’s why we’ve been working hard to find solutions. I’m pleased that we can work to bring forward these new measures to help. With inflation and the affordability crisis making life more expensive for Albertans, we will continue working to ensure that the measures we take are not only affordable but also sustainable in the long run,” said Premier, Danielle Smith. 

The current rate pause will remain in effect until the end of 2023. 

A good driving record is based on the Alberta Automobile Insurance Rate Board’s guidance and includes anyone without the following:

  • one or more at-fault accidents in the last six years
  • any Criminal Code traffic convictions in the last four years
  • any major traffic convictions in the last three years
  • more than one minor traffic conviction in the last three years