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HOME:
Alberta Government Rate Grid
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The Alberta Government has made changes to automobile insurance
effective October 1, 2004 which affects all insurance companies.
Your renewal reflects these changes including a Rate Grid which all
policies are compared against. The lower of our premium or the
government grid premium is charged for Liability and Accident
Benefits. |
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Grid premiums are set using the region in which you reside, your
driving history and the liability limit you select.
The entry level premiums at a Grid Step Zero effective November 1,
2007 are: |
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Limits |
Territory |
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Edmonton & area |
Calgary |
Remainder of Province |
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$200,000 |
$1,567 |
$1,567 |
$1,254 |
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$500,000 |
$1,751 |
$1,751 |
$1,401 |
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$1,000,000 |
$1,844 |
$1,844 |
$1,475 |
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$2,009 |
$2,009 |
$1,607 |
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Newly licensed drivers with driver training start two levels down
the grid for the first two years.
With each claims-free year, drivers move one level down the
grid. Drivers with 10 or more years of driving without claims reach
the bottom of the grid, capping their rates at 50 per cent of the
entry-level premium.
For each at-fault claim, the driver moves five levels up the
grid.
If a driver is claims free for 6 years with a positive grid level,
they must be restored to grid level 0.
Once the Grid level has been determined then
Conviction
surcharges are applied according to the following chart:
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# of
Convictions in past 3 years |
Surcharges |
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Traffic
Safety Act convictions |
Serious
Traffic Safety Act convictions |
Criminal
Code convictions |
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1 |
0% |
25% |
300% |
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2 |
25% |
50% |
450% |
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3 |
35% |
100% |
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4 |
50% |
200% |
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5 |
75% |
400% |
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6 |
100% |
800% |
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Each
additional |
Double
immediately preceding percentage |
Double
immediately preceding percentage |
+150% |
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Occasional drivers who have less than eight years experience
may be charged a maximum of 25 per cent of their grid calculation. |
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If you have any questions about your grid rating, please contact
your broker. Thank you for insuring with Peace Hills Insurance. |
Government of Alberta Auto
Insurance Website
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