Rate decreases for about 52% of Saskatchewan vehicles with an average annual reduction of $102; Rate increases for about 48% of Saskatchewan vehicles with an average annual increase of $96; and No rate change for the remaining vehicles (less than 1%). Increases will be capped to reduce rate shock – a maximum of $150 per year for an annual premium under $1,000 and a cap of 15% for premiums over $1,000/year. If approved, the rate changes would take effect Jan. 21, 2022. The full rate proposal can be viewed on the SRRP’s website at www.saskratereview.ca. "SGI is confident that the premiums currently being collected are enough to offer all of our customers coverage in the event of a collision; by rebalancing rates so some vehicle types pay more and others pay less, we can move closer towards rate fairness,” said SGI President and CEO Andrew Cartmell. “SGI is committed to ensuring fairness in rates between vehicle types, while also keeping Saskatchewan’s basic auto insurance rates among the lowest in Canada.”