Alberta drivers are facing auto insurance premium hikes of up to 7.5% by July as the province prepares to adopt a no-fault private insurance model by 2027. Currently, Alberta has one of the highest average annual premiums in Canada at $1,703. The new model aims to reduce legal costs and expedite claims while maintaining a competitive private insurance market. Supporters believe this will lower costs through increased competition, although details on legal recourse remain unclear. Affordability is a primary concern for many drivers.
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