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2 insurance providers leaving Alberta, concerns auto insurance prices could increase

A second insurance provider announces they are pulling out of the Alberta market, and experts warn prices could be going up for drivers. In Edmonton, motorists say they’re already paying too much. “I’m paying more than I was in B.C. I think so, I don’t...

Windscreen claims rise by 17%

The cost to fix a chip or replace a windscreen has increased 17% year-on-year. That was according to Allianz’s personal lines business, which said that repairs for small chips were up 4% between 2022 and 2023, while full glass replacements increased by 13%. Figures also...

Insurance firms must do better for their customers, says FCA

A year on from the introduction of the Financial Conduct Authority's Consumer Duty, a new report from the financial regulator suggests that many larger insurers aren't living by the spirit of the regulation. The Consumer Duty, which the Financial Conduct Authority (FCA) enacted in...

The cheapest day to buy car insurance

Drivers have recently been hit by extortionate car insurance price hikes, with some paying almost 50% more than a year ago, bringing the average car insurance costs to over £800 a year. Inflation and increased claims have contributed to the steep rises. Older drivers...

Drivers warned of 26 day countdown or risk a hefty car insurance renewal fee

Millions of drivers are facing a price hike with the cost of car insurance renewals increasing. The cost of your car insurance premium will depend on a variety factors. This includes your age, driving history, the type of car you drive - even...

With more people ‘living in harm’s way,’ auto, home rates soar – Insurance News

Auto and home insurance rates are rising like the flood waters in the Midwest. In fact, flooding, tornadoes and hurricanes are playing a pivotal role in premium increases, but it’s not only because more extreme weather events are hitting the United States, according to...