Background

The premium grid calculator is designed to assist you in learning more about your auto insurance premiums on the premium grid.

The premium grid was developed and implemented by the Government in October 2004. It set the maximum premium insurance companies are permitted to charge for basic coverage for a private passenger vehicle.

Because the premium grid sets the maximum chargeable premium for basic coverage, most drivers (approximately 80%) do not pay these premiums. Although the premium grid provides a schedule of maximum premiums, insurance companies still operate their existing rating programs they had in place before the premium grid was implemented. Insurance companies are required by the Government to compare a driver's premium under their current rating program to a driver's premium on the grid, and charge you the lesser of the two premiums. In most cases, a driver's premium under their insurer's rating program is less than on the premium grid.

Consumer Disclaimers for the Calculator

1. The premium calculated is dependent on the validity of the information entered. In order for an insurance company to calculate your premium on the grid correctly, they will use the information on your driver's abstract and from other insurance companies.
   
2. Information entered through the website is not tracked or collected.
   
3. If you are concerned about the validity of the premium charged by your insurance company, the Automobile Insurance Dispute Resolution Process may be able to help you. For more information on this process, please visit  http://www.autoinsurance.gov.ab.ca/disputes.html.
   
4. The premium grid calculator applies to basic coverage for private passenger vehicles. Basic coverage provides third party liability coverage and section B (accident benefits) coverage, but does not include optional coverage (e.g. collision, comprehensive, etc.).
   
5. The Premium Grid Calculator is designed to calculate premiums for new risks only. There are other issues that could affect your premium (e.g. suspension or being an occasional driver).  Please contact your broker or insurance company, or review the Automobile Insurance Premiums Regulation for more information on your specific scenario.