Regina, Saskatchewan — The Saskatchewan Rate Review Panel (SRRP) is asking for a rate reduction for the Saskatchewan Auto Fund from the provincial government rather than the revenue neutral rate change that was originally proposed by SGI.
SGI’s rate proposal from June recommended no change for Saskatchewan Auto Fund rates, but included an overall 1.7 percent rate increase and a 1.6 percent rate decrease to the capital margin for all vehicles.
The SRRP is recommending that the original rate change be increased to 2.2 percent, and that the capital margin be further reduced to 3.4 percent. This will lead to an overall estimated reduction of 1.3 percent in rates.
Representatives from the SRRP remind drivers that the reduction is an average and will not result in every driver’s rates being reduced.