Everyone's Car Insurance going up by 5% in Nov.

[Dynamic]

Originally Posted by FlamesKickAss

5% is like 4 dollars per month on every thousand dollars af premium. It isn't that big of a deal if you are a good driver.

I'm a young driver with an accident.........

[Slava]

Originally Posted by Sylvanfan

5%, thats pretty much the rate of inflation these days. God forbid inflation in an economy! I wish the cost of everything was only going up 5% these days.

I don't think that inflation is anywhere near 5% on things, and thankfully so! Electronics, clothing, cars and shelter are all dropping in price.

Car insurance here in Alberta should be a public company. No other industry gets a captive market that has to buy their product by law. With the tinkering with the accounting principles to produce profits or lack thereof as it suits them you just can't trust that consumers are really getting the best coverage for the best price.