Not only do consumers in Saskatchewan get the cheapest bundle of utilities in Canada - including either the lowest, or second lowest auto insurance rates, but now Saskatchewanians get money back from their insurer - an average rebate of about $180.
People in Saskatchewan get their basic auto insurance from SGI (Saskatchewan Government Insurance). That insurance can be thousands of dollars less in a year than other provinces. For example: In Saskatchewan the average premium in 2003 was $904, while the average consumer in Alberta pays $1,853. A consumer in Lloydminster, Alberta could pay up to $8,980 more annually for auto insurance than if they lived literally across the street in Lloydminster, Saskatchewan. Auto insurance premiums when compared with Saskatchewan cost twice as much in Alberta and almost three times more in Newfoundland or Ontario.
AUTO INSURANCE RATE COMPARISON STUDY - Consumers Association of Canada (2003)
"Saskatchewan’s auto insurance rates are currently the lowest in Canada based on a comparison of vehicle insurance costs for Saskatchewan’s 34 most popular vehicles based on similar coverages."
Saskatchewan Auto Fund Proposal for Rate Adjustment January 2007
"The rebate applies to both privately-owned and commercial vehicles and will be calculated on a customer’s vehicle insurance premium, prior to any discounts or surcharges earned through the Safe Driver Recognition or Business Recognition programs. Rebate cheques will be mailed to customers in mid-April, with an average rebate of about $180.
SGI has also applied to the Saskatchewan Rate Review Panel to generally reduce rates by five per cent with rate rebalancing, which would mean about 448,000 Saskatchewan vehicles (53 per cent) would see a reduction in their rates. The average decrease would be $68.
“Saskatchewan motorists already enjoy the lowest auto insurance rates in the country, and now SGI is applying to reduce them further,”"
Saskatchewan Government Insurance news release
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