How to go about securing the best policy for your insurance in Canada.
Latest News
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The Annuity Puzzle is about a curious phenomenon in Canada: while life annuities sold by insurance companies seem to have all sorts of compelling reasons to acquire them, more often than not, retirees shun them.
Financial planner Robb Engen recently tackled this puzzle in his Boome.... More »
Divorce and life insurance: How to make sure your family stays protected Feb 9th
Jay and Susan (not their real names) spent 15 years building a life together. They bought a house, adopted a dog and started a family—their two kids are the light of their lives. But due to a variety of reasons, they decided that they’d be better people, and better parents, separately rather tha.... More »
Consumer-first finance: How USDC Rewards are changing the game Nov 20th
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What is pet insurance—and do you need it? + MORE Sep 25th
Did you know that 60% of Canadians have a pet, but only around 4% of these furry friends are covered by pet insurance? If you’ve put off purchasing pet insurance because you’re unsure what it is or whether you even need it, we’re here to help.
As pet insurance becomes more common and availa.... More »
Commission warns N.B. residents against using Toronto insurance-related company - CBC Mar 21st
Commission warns N.B. residents against using Toronto insurance-related company CBC.... More »
Why is auto insurance so expensive in Alberta?
– moneysense.ca
Auto insurance in Alberta has been in the news recently with Premier Danielle Smith’s announcement that insurance rate premium hikes for “good drivers” will be capped at 3.7% as of January 1, 2024. The government chose this percentage to match Alberta’s inflation rate in September 2023, the rate a month before the news was announced on November 1.
Good drivers, according to the new reforms, include licensed residents aged 16 and up in Alberta except those who have had:
any at-fault accidents in the last six yearsany criminal code traffic convictions in the last four yearsany major traffic convictions in the last three yearsmore than one minor traffic conviction in the last three years
The reason for the insurance rate increase cap is to combat auto insurance costs in Alberta, where premiums are rising, according to the Insurance Bureau of Canada (IBC). How do the premiums stack against the rest of the country? Let’s take a look.
Compare personalized quotes from Alberta’s top car insurance providers…
