this post was submitted on 09 Dec 2023
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The UCP government removed a cap on private insurance premium increases during their last term, saying that the Alberta NDP's cap on insurance premiums would harm the province's competition for pricing for insurance.
Since the time the UCP removed that premium cap that the Alberta NDP had put in place, most people have seen their car insurance premiums jump to 150% - 200% of what it had previously been, and home insurance premiums have been rising more sharply as well.
Sure am glad the UCP protected those corporate profits instead of their constituents.
My car insurance dropped by like 200% when I moved from AB to BC.
Motorcycle insurance was basically the opposite, however.