Something to look forward to in spring, at least for 49 per cent of SGI’s customers, will be a decrease in Auto Fund premiums.

However, 51 per cent will see an increase. All changes will be implemented April 1st, 2022.

SGI says this is a revenue neutral rate rebalancing. There will be no rate changes for motorcycles and taxis.

Rate increases will be capped to provide stability for vehicle owners.  The government insurance company says this will move SGI closer to rate fairness across different vehicle types.

Meantime, permit fees will be adjusted upward. SGI provides short-term auto insurance coverage through 24-hour and 8-day permits. In-transit permits and temporary insurance cards provide coverage for inter-provincial use to transport a newly acquired vehicle. Permit fees have been the same for years.

SGI says the new permit rates reflect the actual risk each vehicle represents for being involved in a claim, and the actual costs of paying that claim.

The price of a 24-hour permit will be increasing from $20 to $26. The price of an 8-day permit will increase from $48 to $73. In-transit permits will increase from $30 to $43. Temporary insurance cards will increase from $11 to $28.