In Saskatchewan, the deductible for most vehicles with basic plate insurance is $700.
If you have basic plate insurance and you're eligible, you can use the Deductible Payment Plan to finance your deductible over a period of 10 months.
Whether or not you pay your deductible depends on:
- who is responsible for the collision
- whether there is damage to your vehicle
When you're responsible
You must pay the deductible on the repairs to your own vehicle. If your vehicle doesn't need repairs, you don't pay your deductible.
Your licence plate insurance will cover repairs to the other driver's vehicle or property and any medical expenses resulting from their injuries.
You're responsible for a collision and have basic licence plate insurance. The driver of the other vehicle is slightly injured and requires physiotherapy for 3 months after the collision. Also, there is extensive damage to the other driver's car.
$15,000: Total cost of other driver's injuries and repairs
$15,000: Total paid by SGI
$0: Total paid by you
In the same collision your car also requires a few repairs:
$1,000: Total cost of repairs
$300: Total paid by SGI
$700: Total paid by you
All totalled, this collision cost you $700.
Without the liability insurance that your licence plates provide, you would have been responsible to pay over $16,000 out of your own pocket.
When you're not responsible
Your deductible will be covered by the other driver's insurance. Their insurance will also cover repairs to your vehicle and property as well as your medical expenses resulting from injuries. Some exceptions may apply.
When both drivers are equally responsible
You pay only half of your deductible to get your vehicle fixed. However, if the other driver is uninsured or is from outside Saskatchewan, you'll be responsible for your entire deductible.
Single vehicle incidents
You'll be responsible to pay your deductible when there's no other party to collect it from, for example in losses resulting from:
- your car being stolen
- hit and run
- storm damage
- collision with an animal
- single-vehicle collision
Extended insurance coverage
To lower your deductible and provide extra coverage, you can buy additional insurance for your vehicle, also known as a package policy or auto extension insurance.