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The Alberta Government has made changes to
automobile insurance effective October 1, 2004 which
affects all insurance companies. Your renewal reflects
these changes including a Rate Grid which all policies
are compared against. The lower of our premium or the
government grid premium is charged for Liability and
Accident Benefits. |
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Grid premiums are
set using the region in which you reside, your driving
history and the liability limit you select.
The entry level
premiums at a Grid Step Zero are:
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Limits |
Territory |
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Edmonton & area |
Calgary |
Remainder of
Province |
|
$200,000 |
$1,683 |
$1,530 |
$1,224 |
|
$500,000 |
$1,881 |
$1,710 |
$1,368 |
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$1,000,000 |
$1,980 |
$1,800 |
$1,440 |
|
|
$2,158 |
$1,962 |
$1,570 |
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Newly licensed
drivers with driver training start two levels down
the grid for the first two years.
With each
claims-free year, drivers move one level down the
grid. Drivers with 10 or more years of driving without
claims reach the bottom of the grid, capping their rates
at 50 per cent of the entry-level premium.
For each at-fault
claim, the driver moves five levels up the grid.
Once the Grid level has been
determined then
Conviction surcharges
are applied according to the following chart:
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# of Convictions in past 3 years |
Surcharges |
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Traffic Safety Act convictions |
Serious Traffic Safety Act convictions |
Criminal Code convictions |
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1 |
0% |
25% |
300% |
|
2 |
25% |
50% |
450% |
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3 |
35% |
100% |
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4 |
50% |
200% |
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5 |
75% |
400% |
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6 |
100% |
800% |
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Each additional |
Double immediately preceding percentage |
Double immediately preceding percentage |
+150% |
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Occasional drivers
who have less than eight years experience may be charged
a maximum of 25 per cent of their grid calculation.
If you have any
questions about your grid rating, please contact us
here.
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