Car Insurance in Regina: How It Works, Cost, Best Plans

Car insurance in Regina, like the rest of Canada, is mandatory.

However, unlike other provinces, Regina's car insurance operates under a government-run system, spearheaded by Saskatchewan Government Insurance (SGI), ensuring a unique journey through policies and premiums. 

In this guide, we'll share everything you need to know about car insurance in Regina: Mandatory basics to optional add-ons, we'll steer you through the ins and outs, helping you make informed decisions about getting the most affordable car insurance plan.

How does car insurance work in Regina?

Saskatchewan has a government-run auto insurance system. So, basic car insurance rates are set by the Saskatchewan Government Insurance (SGI) in Regina. SGI operates to be self-sustaining, meaning rates are set to cover costs, not generate profit.

SGI provides basic insurance, often called "plate insurance," which covers essentials like:

• Third-party liability (up to $200,000)
• Accident benefits

You can also opt for additional coverage:

• Optional SGI coverage: You can add on coverage like collision and comprehensive insurance through SGI.
• Private insurance: For additional options beyond what SGI offers, you can purchase coverage from private insurance brokers in Regina.

Regina typically operates on a no-fault insurance system. This means you generally deal with your own insurance company regardless of who caused the accident. There is an option to opt out of the no-fault system and choose tort liability, but you'd also give up the Personal Injury Protection Plan (PIPP) that comes with no-fault.

Car insurance in Canada varies from one province to another. You can use our free tool below to explore car insurance options based on your province and compare free quotes.

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Car insurance Regina: What is mandatory coverage?

In Regina, Saskatchewan, mandatory auto insurance is provided through the Saskatchewan Auto Fund (SAF) administered by SGI.

Mandatory coverage in Regina typically includes:

• Third-party liability: Covers injuries and damages caused to others (people and property) if you're at fault in an accident. The minimum coverage amount is $200,000.
• Accident benefits (medical and income replacement): Helps cover medical expenses and lost income if you or a passenger in your car are injured in an accident, regardless of fault.

While mandatory coverage provides a baseline of protection, it might not be enough for everyone. The $200,000 limit for third-party liability may not cover all damages in a serious accident and additional coverage for your own vehicle might be necessary.

What optional coverage can you get for car insurance Regina policies?

Regina, Saskatchewan, offers a variety of optional coverages beyond the mandatory basic insurance provided by SGI.

Through SGI

• Collision or upset coverage: Covers damage to your vehicle caused by a collision with another object or a rollover.
• Comprehensive coverage: Protects your car from risks other than collision, such as theft, fire, hail, vandalism and weather events.
• Auto Pak: This is a package offered by SGI that combines increased third-party liability coverage with additional accident benefits. You can choose different coverage levels within the Auto Pak depending on your needs.
• Higher third-party liability limits: The mandatory coverage offers a minimum of $200,000, but you can increase this limit through SGI to get more protection in case of a serious accident.

Through private insurance companies

In addition to what SGI offers, private insurance companies in Regina can provide a wider range of optional coverages, including:

How much do car insurance Regina policies cost?

The cost for mandatory coverage is set by SGI and will vary depending on the type of vehicle you drive. The average cost of mandatory insurance in Saskatchewan is around $1,200 per year.

Here’s the general information on SGI's rate structure:

Year	% of Rate Increase or Decrease
2022	2.2 increase (with rebalancing) and a reduction of 2.1 % in the capital amount
2021	0.0
2020	0.0
2019	0.0
2018	0.0
2017	0.0
2016	0.0
2015	0.0
2014	3.4 increase (with rebalancing) plus an additional 1% capital amount
2013	1.03 increase (with rebalancing) plus 1.23% surcharge

Optional coverage cost

The cost of optional coverage will depend on the specific type and amount of coverage you choose, your driving record, age, location and the value of your vehicle.

Collision and comprehensive coverage typically add hundreds of dollars to your annual premium, while roadside assistance might only cost $50 or $100 extra.

You can use our tool below to explore car insurance coverage from Canada's best companies based on your unique needs.

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Which companies offer the best car insurance in Regina?

As we mentioned, the car insurance landscape in Regina works a little differently than most provinces in Canada. SGI Canada is the only provider of this essential coverage.

• You can purchase additional coverage beyond the mandatory SGI insurance from private insurance companies.
• National insurance companies like Intact, TD, Pafco and Aviva partner with Regina's private brokers to offer optional coverage.

These optional coverages include collision, comprehensive, or specified perils insurance. They would act as add-ons to your mandatory SGI coverage and provide extra protection for your vehicle or yourself.

We have complete reviews for each provider, discussing their pros, cons, rates, coverage, exclusions and more. Check them out for more details. You can also compare all these options and many more using our comparator.

How to save on your car insurance Regina premiums

Consider your needs first! Evaluate your risk tolerance and the value of your vehicle.

• If you drive a new car or are more risk-averse, additional coverage might be wise.
• But if your car is older and you're comfortable with some financial risk, you might save by minimizing optional coverage.

Also, traffic violations and accidents significantly increase your insurance rates. Avoiding them is the single biggest factor in keeping your premiums low.

What’s more? Consider taking approved defensive driving courses. While not mandatory for all ages, they can sometimes lead to a discount on your premium, especially for drivers over 50.

Here are some other ways that can help you save on your car insurance in Regina:

• Safety features: SGI offers discounts for vehicles with certain safety features like anti-theft devices or airbags. Consider these factors when purchasing a car.
• Fuel efficiency: SGI also offers discounts for fuel-efficient vehicles.
• Low mileage: If you drive less, you might qualify for lower premiums. Some insurers offer usage-based programs that track your driving habits and reward good drivers with discounts.
• Increase your deductible: By increasing your deductible, you can lower your premium. However, make sure you can comfortably afford the deductible if you need to make a claim.
• Pay annually: Some insurers offer a discount if you pay your premium annually instead of monthly.

For optional coverage, don't Just Stick with SGI. While SGI sets the rates for mandatory coverage, optional coverage costs can vary between brokers.