The current auto insurance rate cap of 7.5% (which is already more than triple current inflation rates) only applies to policy renewals. This means new drivers, newcomers to Alberta, and those wishing to switch insurance providers can face enormous insurance costs. Indexing auto insurance rates to inflation would help keep life in Alberta more affordable and promote the free market by giving people the freedom to shop around rather than needing to renew with their current provider. #abpoli | Sar
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