Auto Insurance
In Saskatchewan there are two components to automobile insurance: public and private.
Public Insurance
SGI provides drivers with the minimum coverages required by law. By law, all Saskatchewan registered vehicles must have at least $200,000 of liability insurance. When you register your vehicle this is what you receive. As well, in most situations, your vehicle registration provides you with insurance on your vehicle to its actual cash value with $700 deductibles. There are exceptions, but for most vehicles this is what is provided. You can purchase this coverage at any SGI motor license issuer.
Private Insurance
The second component is private insurance. Private insurance policies can increase the amount of third party liability insurance that you carry and also reduce your deductibles. Sometimes you will hear terms such as “package policy” or “auto pak” or “auto extension insurance”. These terms are often used to describe the private auto insurance which is available in addition to your basic plate insurance.
We can help:
Our motor license issuers can assist you in ensuring that your vehicle is correctly registered and that you have selected the payment option that best works for you. If you would like to renew online, you can do so here!
Our licensed brokers can discuss any additional coverages with you and help you as you determine:
How much liability insurance you wish to purchase
What deductibles you are comfortable paying in the event of a claim
If coverage is required for stone chips or cracks on your windshield
Whether you require loss of use coverage which can provide you with a rental vehicle or means of getting around in the event of a claim
If you are eligible for replacement cost coverage on your vehicle. A form of replacement cost coverage can be purchased on vehicles up to 10 years old.