Albertans will save money on mandatory car insurance starting November first.

Albertans will save money on mandatory car insurance starting November first.

Local provider, George Blake from Nanton Insurance says that Alberta has a very competative rate even with out the reduction.

"I'm happy for it, the reduction is happy for all of us, I pay insurance too. So if the rates are coming down that's a good thing. But we are very competative with the surrounding provinces - even with Saskatchewan who have a third of the drivers we have"

The three percent reduction will take effect upon renewal.

This brings the total savings on car insurance to 18 percent since 2004.