Driving home on a day like today (+4 and raining yesterday and then -14 and blowing snow in this morning) makes you think about accidents and then naturally your insurance. You walk up to your house look in the mail box (or email inbox in some cases – ask us about e-delivery solutions for your insurance policy – Contact Us) and there is your auto insurance renewal. First thought; ‘what are they charging me this year?’ When you review your policy you may see it go up, go down or stay relatively the same. We are often asked the question ‘I have never had a claim and yet I am still paying this much for auto insurance; why is that?’

Rates are determined by each individual insurance company through actuarial data composed from claims information, chances of a claim, cost of parts in the event of a claim, etc. Rating systems and determining factors vary between each company. We have many markets (all of them are amazing!) and being able to have the ability to choose a market that suits your needs best is why you have a broker like Ravenhill Agencies. We do the work, shopping around for you to ensure you have the best coverage that suit your individual needs and requests, at the best premiums. Often we already have you with a company that is offering the best rates and coverages for you.

So you are now thinking, ‘That’s all great, but why are my rates still increasing?’

Here are a few of the reasons auto rates have recently been increasing. In the early 2000s, insurance companies’ rates were steadily increasing. This was a result of ‘minor injury’ claims rising in cost significantly. A cap on these types of claims was implemented to alleviate the escalating claims costs. In recent years, a few court cases have set new precedents and confusion around what is considered a ‘minor injury’. These types of claims that would have fallen under the cap limits of $4,000 are now seeking payouts of $30,000 to $50,000 or higher.

Another reason is the fluctuations in the temperature and changing weather conditions. You may have noticed some significant weather related or ‘act of God’ events occurring across Canada and with more severity than in the past. Ice storms, tornadoes, floods, fires, wind and hail storms; nearly 60% of these weather related events have occurred in Alberta resulting in billions of dollars worth of insurance claims. These events have nothing to do with the way one drives their vehicle but simply that it was in a location where a storm occurred.

If you have been fortunate enough to go and look or buy a new vehicle lately you will see some pretty amazing safety and convenient features on new vehicles. Beautiful bright head lights, running lights and fog lights, sensors front back and side to side, birds eye view cameras, back up cameras, multiple airbags, new frame technology, all attributing the increased cost of a new vehicle. Although many of these features are reducing the number of claims, the claims that do occur are now more costly. A simple fender bender claim that used to cost $500 to $800 is now well over $1,500 as a result of the various sensors and special paint colours on these vehicles. The technology is great, but the price and complexity if the repair for these technologies is huge and is pushing these claims costs higher and higher.

‘The claims of the few are paid for by the many’ is still the pivotal concept of insurance. So although you may not have had a claim, the factors above are some of the reasons your auto insurance rates may be on rise.


For over thirty years, Ravenhill Agencies has prided itself as a family-first business that operates on a core philosophy of honesty, integrity, and clarity.  We have helped three generations of Albertans find the best insurance at the best price, and we owe our success to treating our clients like family.


Ravenhill provides custom policies made just for you. As brokers, we work for you to find you the best coverage at the best price. The companies we represent all share our commitment to customer service and professionalism and work with us to ensure that any questions or concerns are answered and serviced professionally.

We are proud to represent numerous insurance companies that offer different rates, coverages, and products.


For more information on Ravenhill Agencies and our numerous insurance offerings, contact us today! One of our dedicated insurance agents will be happy to answer your questions and get you one step closer to the peace of mind that can only come with personalized coverage.

For over three decades, Ravenhill Agencies has prided itself as a family-first operation focusing on providing our clients with experienced insurance protection while promoting honesty, integrity, and clarity. With those attributes in mind, we’ve been hard at work building a website that captures our core values and serves as a place where current and future clients can easily access the information that is important to them.


As your trusted insurance providers, we pride ourselves on providing customized insurance policies to fit your needs. To do this, we ensure that we understand your specific requirements and that the details of your insurance plan are easy to understand.  At Ravenhill Agencies, we don’t ever want our clients to feel like their insurance broker decided their policy details for them – we want them to feel in control!


In this spirit, we have created our website to function in the same way: our new and improved navigation bar is designed to direct you to the type of insurance you require right away, and our re-vamped content gets right to the point to ensure that the information you need.


In closing, please take this opportunity to visit the different corners of our site! In addition to any feedback, we’d love to hear from you regarding your existing coverage or answer any questions about future coverage options with us.  Contact us today!