"The data would tell us that it's something we need to look at," says Alberta budget boss Nate Horner, of lifting the cap on how much insurance companies can hike premiums on good drivers
It’s an idea that should be squashed like a bug.
Let me explain.
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Right now there is a rate cap for good drivers in Alberta.
If you’re a good driver your auto insurance premiums cannot be hiked by more than 7.5 per cent in one year.
Alberta already has the second-highest auto insurance premiums in Canada and is closing in on Ontario who have the highest. The other eight provinces are much cheaper.
But insurance companies whine, well-connected conservatives are sometimes paid handsomely to whine to the Alberta government for them.
To hear the insurance companies tell it, being in