SGI proposed motorcycle insurance rate increase: Re-evaluate the proposed increase of motorcycle insurance in Saskatchewan
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There are an estimated 25,000 motorcycles registered in Saskatchewan as of 2012 and beginning late summer of 2013 SGI is proposing an insurance rate increase of an average of 73%. The highest increase being 459% increase in insurance. Many individuals cancel plates, or park their winter vehicles and ride motorcycles for increased fuel economy and decreased environmental pollution. If the rate increase goes through many riders won't be able to afford the extra insurance and will be forced to drive whatever other vehicle they have. It has been mentioned that this increase is to pay for the motorcylce accidents but by the 2010 reports they have made available to the public, motorcycles accounted for 0.65% of vehichles involved in accidents and only 2.26% of injury claims comparable to 50.6% and 49.9% respectively in passenger cars. With enough momentum we can make them rethink this increase and make it something that will work for all of us. Please sign and share with everyone you know. Thank you.
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