Quote:
Originally Posted by chummer
With way fewer cars on the road, accidents and payouts by insurance companies should be way down. Yet you're predicting insurance rates to rise?
Makes no sense but not surprising.
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Insurance companies are only in year 1 of raising rates to get profitable in Alberta. It will be a couple of years before they find that perfect mix of rates and increases stop. Every car produced continues to cost more in repairs even though the safety features haven't produced less accidents.
Therefor future us will pay more in premiums