Province approves 3.4% SGI rate hike
REGINA – Most Saskatchewan drivers will find themselves digging a little deeper later this summer – the province has approved a 3.4 per cent rate increase to Saskatchewan Government Insurance (SGI) vehicle rates.
“Rate rebalancing is necessary to ensure fairness,” said Don McMorris, the minister responsible for SGI.
“Our government is hopeful that the work done by SGI and the Motorcycle Review Committee, in addition to the current review of automobile injury coverage, will have a positive impact on future insurance rates.”
Eighty-two per cent of Saskatchewan vehicle owners will see their rates increase by an average of $44.
On the flipside, 17 per cent of Saskatchewan vehicle owners will see their rates decrease an average of $12.
“Saskatchewan’s auto insurance rates will continue to be among the lowest in Canada,” said McMorris.
The new rates will take affect Aug. 31.