Chair's Message

The primary role of the Automobile Insurance Rate Board is to regulate automobile coverage and approve the rating programs for new insurers that want to offer auto insurance in Alberta.

Each year, through an annual review process, the AIRB reviews and establishes guidelines for rating factors to be used when reviewing individual insurers' rating programs. These guidelines are also used to determine the appropriate premium level for the grid rating program. (Drivers are welcome to use our grid rate calculator. The grid rating program caps premiums for basic coverage; approximately 93% drivers pay less than the grid premium.)

Prior to July 1, 2014, rating programs of individual insurers were adjusted through a combination of the annual industry-wide adjustment and filings by individual insurers; the AIRB has since transitioned away from the industry-wide adjustment. This allows insurers the flexibility to adjust their premiums to suit their business and allows for competition in the marketplace while keeping premiums stable.

Sincerely,

Alfred Savage
Chair
Automobile Insurance Rate Board