Some potential good news for Saskatchewan drivers on Wednesday
The Saskatchewan Rate Review Panel is recommending the provincial government decrease auto insurance rates by 1.3 percent.
Another recommendation sees a proposed 15 percent cap for base premiums greater than $1,000 be reduced to 10 percent and that a scaled cap with reductions ranging from $25 to $100 dollars be put in place for base premiums uo to $1,000.
SGI had proposed a revenue neutral rate change, but a decision was made to adopt these recommendations after a review of the application, input from the public and new financial numbers.
Cabinet must now approve the recommendation from the panel for the decrease to take place.
