SGI proposes rate hike for 2026–27 could hit half-ton trucks the hardest

The NDP says proposed SGI rate increases would hit commercial half-ton truck owners hardest, with plate costs rising nearly $100 a year. Wayne Mantyka has more.

Saskatchewan drivers could see higher vehicle insurance costs starting next year, with owners of half-ton trucks potentially hit the hardest.

The Saskatchewan Government Insurance (SGI) is proposing a 3.75 per cent rate increase in June 2026, with another identical increase planned for June 2027. SGI says the hikes are needed to keep up with inflation and rising repair and replacement costs for newer vehicles.

• Download the CTV News app to get breaking news alerts sent to your device

The NDP claims that including work vehicles like half-ton pickups — will face the largest increases, paying an average of $96 more annually, compared with $51 for most personal or business-use vehicles.

“I drive a Dodge Ram 1500,” said NDP MLA Darcy Warrington.

“These are work trucks. These are trucks that people need to safely get to their jobs,” added NDP Leader Carla Beck.

SGI’s Chief Financial Officer Drew Kendel said the rate adjustments are long overdue.

“We haven’t had a rate increase in over ten years,” he said. “During that time, inflation and vehicle technology costs have risen significantly, and those factors are driving the need for this adjustment.”

SGI says the proposed increases still need approval from the provincial review panel before taking effect.