Kim Smith
6/13/2012
Premier Alison Redford says she's confident the independent rate board won't approve a double-digit increase to auto insurance premiums.
Public meetings are underway in Calgary where auto insurance companies are making their case to hike your premiums by up to 13 per cent.
Redford says over the past ten years, we've seen very little increases in the rate but 13 per cent would be too much.
"I think that it would be a shame if there would be those kind of rate increases. There's no doubt that Albertans known that the cost of many things go up," says Redford. "What we've seen historically is that hasn't been the case (that hikes in auto premiums would be as much as 13 per cent) and I think we can some confidence in an independent board to make the right decision for Albertans."
A double-digit per cent hike in basic rates would cost the average driver roughly 60 to 70 dollars a year. (sj/bd/ks)
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