Alberta Car Insurance Grid Levels

For each full year of driving experience you will move one level down the grid to a maximum of 15 years driving experience to level 15.

Alberta car insurance grid levels. Airb board meeting schedule updated june 29 2020. Only count claims that have happened in 6 years since your last policy renewal and for which you did not reimburse the insurer. Any additional limits above this amount must be obtained through an excess insurance policy or umbrella policy. Inexperienced drivers a driver who has less than 8 years driving experience with driver training start at 10 below the entry level grid step 2.

One unique component of alberta s car insurance is the province s grid rating program. An expert advisory committee is reviewing alberta s automobile insurance system to reduce costs for consumers and ensure the system is sustainable december 18 2019. Your placement on the grid each grid level is assigned a percentage that will be used in the premium calculation formula. However since the grid rating program is complex the best way for alberta drivers to determine their grid level is to consult a professional.

Filing decisions for the 2nd quarter of 2020 updated july 7 2020. Each year without an at fault claim in third party liability coverage the driver receives a further 5 to a maximum 50 reduction to the base premium grid step 0. Level of third party liability coverage. Our online car insurance calculator helps alberta drivers quickly compare rates and complete your insurance shopping online.

A grid guide to your compulsory insurance premiums. The best part is you can use our car insurance calculator anytime. Brokers and agents in the automobile insurance industry deal with the grid rating system on a daily basis and are the best resource to handle this type of inquiry. The grid offers third party liability limits up to 2 000 000.

Proceed to rate calculator click yes if any of the following situations apply to you. In alberta basic automobile insurance accident benefits and third party liability is required by law. How to get car insurance in a new canadian province or territory. The grid calculator is unable to calculate a grid step in situations where the relevant date is a factor.

Insurance providers disclaimers for the calculator. Airb 2020 annual review of private passenger automobile insurance loss experience notice 03 2020 and documents added june 26 2020. Alberta s 2004 auto insurance reforms. Added july 8 2020.

Whether you have a few minutes in the morning before work in the evening after the kids go to bed or even on the weekend our alberta insurance calculator is always online and ready. Please contact insurance compliance 780 427 8322 for assistance on these types of calculations. Auto insurance grid rate calculator the calculation of your maximum premium for basic coverage is dependent on the following factors. Introduced back in 2004 it sets out the maximum premiums that can be charged for basic coverage third party liability and accident benefits based on where on the scale you land.