Saskatoon car insurance
Everything you need to know about how Saskatoon car insurance works. Find out how to customize your policy and uncover the savings.
Matt Hands, Business Director, Insurance
Saskatoon is the most populated city in Saskatchewan. It’s a great midway point between Winnipeg and Edmonton on the highway that caresses the north-eastern side of the city. Saskatoon is named after the sweet, violet-coloured Saskatoon berries that grow in the region. Saskatoon is a city known for its cuisine and has some historical resemblance in how it was built and thus earning it the nickname, the "Paris of the Prairies."
At Ratehub.ca, we help the people of Saskatoon shop for the best car insurance rates in just minutes to suit their budget and preferences.
Saskatoon drivers typically use a no-fault insurance system, which means you'll only ever deal with your insurance company, regardless of who is at fault.
However, you can opt for Tort coverage instead which allows you to sue the at-fault driver for damages beyond what is included in the standard coverage. Tort means you also opt out of the Personal Injury Protection Plan (PIPP).
Mandatory car insurance in Saskatoon
- Third-party liability - in case you injure someone or damage someone else's property (e.g. car)
- Accident benefits - Pays for injuries as a result of a traffic accident
- Uninsured automobile - If the other at-fault driver has no insurance, this covers your costs.
Optional Saskatoon insurance
The mandatory third-party liability coverage through SGI has a minimum limit of $200,000, but each driver has the option to increase their liability coverage up to $5 million. You can also increase your accident benefits. Though SGI is the sole provider of basic insurance in the province, you can still buy optional coverage from car insurance companies like CAA, Wawanesa, or RSA.
You can also add the following
- Collision - protects your personal car if you're at fault in an accident
- Comprehensive - protects your car from risks such as hail, fire, theft, wind or lightning.
- All Perils - a combination of collision and comprehensive.
If you're at fault in a collision, you'll have to pay the standard plate insurance deductible of $700 before SGI pays the rest.
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Emergency roadside assistance
How much is car insurance in Saskatoon?
The average cost of car insurance in Saskatchewan is roughly $1,200 per year, or just over $100 per month. Could you be paying less? Let's find out.
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Shop and compare
If you're buying a new car, research which cars have the best safety ratings and a low rate of collisions. Typically, minivans and trucks cost less than a sedan. Use IBC's CLEAR table to see how your car measures up.
Buy the right coverage
Your auto insurance in Saskatoon doesn't need to include the optional coverage, but buy what's right for your budget and financial situation.
Invest in safety technology
A safer car with Automatic Emergency Braking (AEB) means you could save money, if not on insurance, certainly by avoiding an accident.
Maintain a good driving record
If you’re a safe driver, obey the rules of the road and drive according to road conditions you can reduce your chances of an accident. SGI uses a safety rating scale to determine their rates.
Increase your deductible
Your deductible is the portion you pay when settling a claim before your insurer will pay the rest. If you’re willing to double your deductible, it could save you money.
Pay premiums annually, instead of monthly
Paying monthly adds administrative costs to your insurer, so if you’re able to pay in full annually you can lower your premiums.
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Matt started his professional career at CARPROOF where he honed his marketing and analytical skills for over 3 years. Matt then took his wealth of experience to Ratehub.ca’s Toronto offices, working with insurance providers, agents, and brokers to grow and expand the Insurance business unit. He is a thought leader in the community and a valuable insurance resource to respected publications like the Globe & Mail, Toronto Star, Huffington Post, Yahoo News, and 680 news radio in Toronto.
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