3.75% SGI rate hike approved in Saskatchewan, driven by rising repair costs
SGI Auto Fund rates will increase by 3.75 per cent in June of 2027, according to the Saskatchewan government. It said the hike was driven by the climbing cost of car repairs.
The Saskatchewan Government Insurance (SGI) has approved a 3.75 per cent overall Auto Fund rate hike for 2027, despite the province’s rate review panel recommending against the increase. Minister Jeremy Harrison cited rising repair costs as the main reason behind the decision, with costs nearly doubling over the past six years, reaching $3,000 more than in 2020.
Technology like cameras and sensors in modern vehicles contribute to the increase. The first rate hike took effect earlier this summer, with a second round set to begin on June 1, 2027. This will result in an average vehicle owner in Saskatchewan paying about $39 extra annually, or roughly $3 per month. SGI President and CEO Kent Campbell emphasized the financial pressures on the Auto Fund and its importance for the province, while Opposition SGI critic Darcy Warrington expressed concerns about the government's decision amid rising costs for Saskatchewanians.
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