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.
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“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.
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