REGINA — Vehicle owners in Saskatchewan will be receiving a rebate from SGI for registered vehicles later this spring, the second offered from the provincial government since 2021.
SGI will be providing a $100 rebate per vehicle to customers, for every vehicle they have registered as of March 9, 2022.
The provincial government approved the rebates due to a surplus in the Rate Stabilization Reserve, which acts as the cushion against sudden insurance increases for customers.
“Our government is pleased to deliver this benefit back to the people of Saskatchewan," said Minister Responsible for SGI Don Morgan.
Similar to rebates issued a year ago, the reserve fund currently has a surplus generated by its “well-performing investment portfolio,” said Morgan. The rebates will total an estimated $95 million, distributed via approximately 700,000 cheques to customers.
“We believe it’s fair that all Auto Fund customers benefit equally, regardless of how long their vehicle was registered or the premium they pay for that vehicle,” said Morgan. “All drivers are facing higher fuel costs, regardless of what they’re driving.”
SGI also issued rebates in spring of 2021, averaging $285 per vehicle and totalling about $285 million, approved from a surplus in the Auto Fund.
All classes of vehicles will be eligible for the 2022 rebate, including motorcycles as well as private, commercial and farm registrations. The exception will be trailers and snowmobiles.
Owners of multiple vehicles will receive their rebates combined into one cheque, and SGI reminds everyone to ensure their mailing information is up to date before the mail-out occurs this spring.