Alberta Grid Rate

Question 1

What is the Grid rating program designed to do?

Answer 1

Sets maximum premiums that insurance companies can charge for basic coverage for any driving record

Question 2

What does the Grid calculator do?

Answer 2

1 - Allow you to determine your grid premium

2 - Show you how the grid rating program operates

Question 3

How is an insured driver’s premium determined in Alberta?

Answer 3

Compare driver’s premium under their current rating program to a driver’s premium on the grid and charge the lesser of the two premiums

Question 4

What coverages apply to Grid rating?

Answer 4

Only applies to basic coverage premiums: Third Party Liability and Accident Benefits.

Question 5

Approximately how many drivers are Grid rated?

What types of drivers are normally capped by Grid?

Answer 5

About 10%

Less experienced drivers often capped by Grid

Question 6

What Grid step do inexperienced drivers with driver training start at?

Answer 6

Grid step -2, 10% below entry level

Question 7

How much does the Grid premium decrease for each year without an at-fault claim?
What is the maximum reduction for years without an at-fault claim?
What is the increase for each at-fault claim?

Answer 7

-5%
50% reduction
Increase by 5 steps up the grid

Question 8

What surcharges are there?

Answer 8

Convictions and accident frequency