Changes to auto insurance rates for light vehicles took effect May 21, 2017. The 2017 rate changes page has more information.
The Saskatchewan Auto Fund operates on a self-sustaining basis. Unlike private insurance companies, we do not need to generate a profit - which means you pay less for your auto insurance.
The Auto Fund's philosophy is that all drivers should be treated equally unless their driving records show they are a greater risk for causing a collision. That means we don't use a driver's age, gender or where they live to determine a cost for their auto insurance. Because we exclude these factors we keep our auto insurance rates affordable for all Saskatchewan drivers.
Use our basic plate calculator to see what it would cost to insure a specific vehicle.
Annual rate changes
Rates for light vehicles (private passenger vehicles, light farm vehicles, light commercial trucks) will be adjusted annually to match updates to the Canadian Loss Experience Automobile Rating (CLEAR) damage rate group table.
The CLEAR system looks at each type of vehicle (make, model, year) based on expected number of claims and cost per claim, as well as the probability the vehicle will be stolen. A lower risk of claim means lower rates; a higher risk of claim means higher rates.
It's used by auto insurers across Canada and, in most other jurisdictions, rates for light vehicles are adjusted annually to match updates to the table.
Safe Driver Recognition (SDR) program
Our SDR program rewards safe drivers in the Safety Zone with a discount on their basic vehicle insurance and ensures that drivers who demonstrate risky driving behaviours pay a financial penalty. Drivers with at-fault collisions and more serious traffic convictions are assessed demerit points that move them towards the Penalty Zone. Once they're in the Penalty Zone they're also assessed a corresponding financial penalty for each incident they're involved in.
History of Saskatchewan rates
|Year||% of rate increase or decrease|
|2017||0.0 (CLEAR table update for light vehicles)|
|2014||3.4 increase (with rebalancing) plus additional 1% capital amount|
|2013||1.03 increase (with rebalancing) plus 1.23% surcharge|
|2012||1.6 increase (with rebalancing)|
|2009||4.2 increase (with rebalancing)|
|2007||7.1 decrease (rate rebalancing)|
|2001||0.0 (rate rebalancing)|
Keeping rates adequate
In order to achieve fairness in rating, each vehicle should be charged the correct rate to cover the claim costs for that type of vehicle. While a full rate program is required to fully achieve this fairness, annual updates using the CLEAR table will keep Saskatchewan rates for light vehicles in step with their likelihood of being in a claim and the cost to repair those claims. This means smaller rate changes when a rate program is implemented.
Provincial Sales Tax (PST)
Effective Aug. 1, 2017, PST is charged on vehicle insurance rates.