Registered vehicle owners in the province will be getting a break with a one-time rebate on their premium from Crown insurance provider SGI. Approximately $285 million will be available, as will improved injury benefits for some of its customers.

“The Saskatchewan Auto Fund Rate Stabilization Reserve is in a very strong financial position due to very strong investment returns and – to a smaller degree – fewer collision claims due to the COVID-19 pandemic,” Minister Responsible for SGI Don Morgan said.  “As a result, SGI will pass on these earnings to the people of Saskatchewan by issuing rebates to all registered vehicle owners and by improving injury benefits.”

The rebates will be launched this spring and will be based on a proportion of vehicle premiums paid in the previous three years. The average rebate will be in the neighbourhood of $285 per vehicle, around 26 percent of a yearly premium.

Rebate cheques will be issued in May and sent through the mail to customers who have paid Auto Fund premiums in the past three years and are residents of Saskatchewan.  Customers are encouraged to verify that their mailing address is up to date by visiting www.MySGI.ca to confirm or by contacting their local motor licence issuer.