Alberta freezes rate increases for private vehicle insurance in 2023
Alberta’s government is pausing rate increases for private vehicle insurance to the end of 2023, according to a news release Thursday.
“Affordability is a primary challenge facing many Albertans as rising inflation makes it challenging for many to afford necessities, including auto insurance,” said Matt Jones, minister of affordability and utilities.No new rate increases will be approved for the remainder of the year, according to the province; however, some Albertans may see rate increases on renewals this year.
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