NDP rejects SGI’s proposed increases, advocates for cut rates for Sask. families at hearing

Saskatchewan NDP continued in their quest to cut driving insurance rates, rejecting SGI’s proposed increases at the Saskatchewan Rate Review Panel hearing Monday evening.

Official opposition critic for SGI Aleana Young attended the hearing in Regina to advocate for cut rates for Saskatchewan families, an NDP press release reported Tuesday.

Even after rebating $285 million back to policyholders, the NDP said more than $180 million can be returned to customers through lower insurance rates. This would still maintain SGI’s own minimum capital test requirements, according to the NDP.

Young commented that the government is playing “political games” with the rates “to try and balance their books.

“SGI is supposed to operate the Auto Fund on a break-even basis and keep rates affordable for Saskatchewan families,” Young said.

“The income generated by our crowns doesn’t belong to Premier Moe and the Sask. Party. It belongs to the people of Saskatchewan. We should be doing everything possible to put more money in peoples’ pockets.”

The 2020-21 Saskatchewan Auto Fund Annual Report shows the fund is above its internal target of 140 per cent, sitting at 168 per cent.