IBC expert explains vehicle insurance changes in Alberta

“What’s changing here is just you deal with your own insurance company for your own vehicle damages when you are involved in a collision.”

Under the old process, the at-fault party’s company paid for vehicle damage.

de Pruis adds people like the changes as they want to deal with their own insurance company.

“So you might be dealing with an insurance company that is not known to you and you don’t have a relationship with.”

“Under this new process, you deal with your own insurance company, the company that you chose to have your insurance coverage with.”

de Pruis says this new system should lead to a more efficient and customer-focused claims process.

“What’s really nice is vehicle owners don’t have to do anything. They have their insurance. When they’re involved in an accident, they just contact their own insurance provider, and that repair process starts a lot quicker.”

“It is a more fair and more efficient process for vehicle claims.”

de Pruis says about 42 per cent of drivers will pay lower insurance premiums while 15 per cent will pay about the same amount. He says those with less expensive vehicles that don’t cost as much to repair should see a reduction.

More on the changes can be found on the Insurance Bureau of Canada website.

by Curtis Galbraith

IBC expert explains vehicle insurance changes in Alberta

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