SGI has announced that they will be issuing a one-time rebate to customers in the province.

The amount each customer receives will vary, and it will be calculated based on a proportion of vehicle premiums paid in the previous three years. It’s expected the average rebate will be about $285 per vehicle, or approximately 26 per cent of an average annual premium in Saskatchewan.

"The Saskatchewan Auto Fund Rate Stabilization Reserve is in a very strong financial position due to very strong investment returns and – to a smaller degree – fewer collision claims due to the COVID-19 pandemic," minister responsible for SGI Don Morgan said. "As a result, SGI will pass on these earnings to the people of Saskatchewan by issuing rebates to all registered vehicle owners and by improving injury benefits."

The money will be coming from the Rate Stabilization Reserve (RSR), which is funded by the Auto Fund, which all provincial vehicle owners pay in to through their insurance premium.

After losses to the RSR in May at the start of the pandemic, the RSR experienced strong investment earnings allowing SGI to absorb the one-time cost that comes with issuing rebates.

Cheques will be mailed out in May to those who have paid auto fund premiums in the last three years. You're encouraged to go to MySGI.ca - or visit SGI in town - to verify your mailing address.

SGI has said that they will also be implementing two significant enhancements for customers who receive long-term injury benefits as a result of being hurt in a vehicle collision.

Any customer who requires assistance with daily tasks such as dressing, bathing, cooking cleaning, etc., will see the maximum payment for those services increased to reflect the current market rates. It's expected this change will impact more than 1,100 SGI customers.

Customers who have received income replacement benefits from SGI and the Canada Pension Plan will no longer have income benefits from SGI reduced by their CPP payment. It is estimated that this will impact approximately 200 people.