Saskatchewan Rate Review Panel Approves One Auto Insurance Hike, Rejects Second

The Saskatchewan Rate Review Panel voted to confirm the interim 3.75% increase to the Saskatchewan Auto Fund (SAF) that took effect on June 1, 2026. The panel said the hike is necessary and justified, noting higher claims costs, inflation, vehicle values and weather‑related losses.

The panel declined to endorse a second proposed 3.75% increase slated for June 1, 2027. Chair Albert Johnston explained that the Auto Fund would still show losses even if the second hike were approved and that additional financial information and a capital restoration plan are required by November 1. The panel recommended SGI submit a new application for 2027‑28 with detailed forecasts, evidence of customer impact and a plan to rebuild the reserve fund, which has eroded below benchmark levels.

The approved increase translates to an average annual cost rise of about $38 per driver (roughly $3 per month), though actual impacts vary by vehicle class and rating factors.