It's been a busy week for SGI as they finally wrapped up a long and ambitious project in which they mailed rebate cheques to ratepayers around the province. With that project almost in the books, they've recently undertaken another one that could also save drivers some money. 

The last rebate cheque was mailed out on Friday, so SGI expects everyone who is eligible for a cheque will have received theirs before long. Now they've submitted a new proposal to the Saskatchewan Rate Review Panel (SRRP) for revenue-neutral net balancing, which they said would ultimately save just over half of drivers money on their vehicle. 

"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.”

According to a release by SGI, the proposed changes would result in a net 0% change overall to the Auto Fund. This would result in about 52 percent of Saskatchewan vehicles seeing a rate reduction. About 48 percent of other vehicles would see a small increase, while less than one percent of vehicles would see no change at all. 

“In recent years, we have seen expenses for repairing more intricate and complicated car systems increase,” Cartmell said. “Despite that, we have been able to avoid significant increases in premiums due to a reduction in collisions, injuries and fatalities on Saskatchewan roads, thanks in part to stronger traffic laws, increased enforcement and effective awareness campaigns.”

As for the rebate cheques, the last of them was mailed out on Friday. With that in mind, if you haven't gotten yours yet, you should keep an eye out for it in the next few days. A lot of people have been showing SGI their appreciation on social media.

"They like to tell us that they got their cheque today or they got their cheque last week," said Media Relations Manager Tyler McMurchy. "It's been nice. It was a big, ambitious project resulting in putting out $285 million back into the Saskatchewan economy."