Sproule Insurance

We believe this move by our current government, to let the rate cap expire, will greatly improve the health of automobile insurance in our province.

Claims frequency continues to rise significantly as does average claims cost. Distracted driving and costs associated with repairing newer, tech enhanced vehicles, are certainly contributing factors, among other more complicated challenges.

The reality is that the rate cap lead to the fast paced evaporation of the availability of automobile insurance for many Albertans.

This move should help alleviate growing pressure on reduced market capacity to insure segments where claims costs far exceeded premiums collected and allow insurers to reallocate and adjust the collection of those premiums, which will provide all Albertans with options and choice.

Sproule Insurance Inc.

Alberta allowing cap on auto insurance rates set by NDP to expire | CBC News The province will not renew the five-per-cent cap on increases to auto insurance implemented by the previous NDP government when it expires on Saturday.

Part 2: Home Coverage
http://www.sprouleinsurance.com/the-cost-of-your-insurance-has-gone-up-now-what-part-2-home-coverage/

source: Wawanesa Insurance

The cost of your insurance has gone up. Now what? Part 2: Home Coverage | Sproule Insurance “Recently we talked about the trend in rising auto insurance rates, and shared tips for how drivers can save on their insurance costs.

"sophisticated technology is more expensive to fix, and because humans driving these cars are often lulled into a false sense of security and can actually become more careless.” - Forbes

Why Buying A Car With High-Tech Safety Features Won't Make Your Auto Insurance Cheaper While advanced accident-avoidance systems like auto-braking or a blind spot monitor may help save your life, they won’t lower your premiums.