SGI Car Insurance Review

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By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated on March 12, 2024

Visit author page
By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated March 12, 2024

Visit author page

6 minute read

Article Contents

SGI Insurance Review

Saskatchewan Government Insurance (SGI) operates across five Canadian provinces: Alberta, British Columbia, Manitoba, Ontario, and Saskatchewan, despite its name suggesting a sole focus on Saskatchewan. As part of a Crown corporation, SGI also administers the Saskatchewan Auto Fund, the province’s mandatory public auto insurance program, with its headquarters in Regina. Employing around 2,000 staff, including 500 independent insurance brokers, SGI has been committed to providing affordable insurance solutions since its inception in 1945, following the Saskatchewan Government Insurance Act of 1944. SGI offers competitively priced standard insurance policies that include medical expenses, liability for damages to other vehicles, and coverage in hit-and-run incidents.

When customers purchase a policy online with SGI, they can expect:

  • Wide variety of product options
  • Opportunities for discounts to reduce expenses
  • Deep commitment to community service
  • Constantly accessible support line

Policyholders can tailor their coverage levels and deductibles across liability protection, personal harm protection, and hit-and-run protection, balancing between lower premiums and potential out-of-pocket expenses in the event of an accident. This approach aligns with SGI’s founding goal to offer comprehensive yet affordable insurance to Saskatchewan’s residents and now extends its services to drivers in multiple provinces.

A Brief Company History

Established in 1944 through The Saskatchewan Government Insurance Act, Saskatchewan Government Insurance (SGI Canada) was founded as a provincial Crown corporation with the mission to offer affordable insurance coverage. Over the decades, SGI has upheld its commitment to affordability, expanding its services in 1980 with amendments to The Automobile Accident Insurance Act and The Saskatchewan Government Insurance Act. These changes clarified the distinction between Saskatchewan’s compulsory vehicle insurance program (the Saskatchewan Auto Fund) and SGI’s role as a competitive insurer providing a broad range of products, including farm, business, auto, property, and casualty insurance.

Today, SGI operates in five provinces, including Ontario and Alberta, employing over 2,000 individuals and partnering with over 500 brokers. The acquisition of Coachman Insurance Company in 2001 expanded SGI’s offerings in Ontario, reinforcing its mandate to deliver comprehensive and affordable insurance solutions across Canada.

Why Choose SGI Car Insurance

SGI Canada offers an extensive and cost-effective car insurance program designed to meet the varied requirements of drivers and their families. As a public entity, SGI Canada stands out for its financial stability and adherence to Canadian government regulations, ensuring a trustworthy and reliable insurance experience. Customers have access to a range of basic damage protection options, such as collision, comprehensive, and all perils insurance, alongside the ability to cover leisure vehicles. This is further complemented by the Direct Compensation for Property Damage (DCPD) coverage under Alberta’s new car insurance legislation. SGI Canada’s public status guarantees financial reliability. It promotes a transparent and fair approach to insurance pricing and services, making it a preferred choice for many Canadian drivers seeking peace of mind. We can highlight the following features of SGI insurance:

Cost-Effective Insurance Solutions

SGI is committed to delivering affordable insurance solutions across Canada, making quality coverage accessible to a wider audience. Their dedication to cost-effectiveness does not compromise the quality or comprehensiveness of their insurance products.

Five-Star Service

The brokerage community has consistently recognized SGI as a Five-Star Carrier in the Insurance Business Canada Magazine’s surveys for 2019 and 2020, highlighting their excellence in service and reliability in the insurance industry.

Government Accountability

SGI’s operations and customer satisfaction levels are subject to annual reviews by the Canadian government, ensuring that the company adheres to high service standards and implements any mandated improvements. This government oversight guarantees that SGI remains responsive to customer needs and industry best practices.

Diverse Product Offering

SGI boasts a comprehensive range of personal insurance lines, including specialized condo coverage. They offer various discount options and coverage enhancements, adding value and customization to meet individual client requirements.

Community Support

SGI strongly emphasizes community involvement and support, resonating with clients who value contributing to their local communities. This aspect of their business model fosters a sense of mutual support and community engagement among their clientele.

Pros and Cons of Buying SGI Car Insurance

Exploring the offerings of SGI Insurance, we uncover a comprehensive suite of coverage options designed to cater to the diverse requirements of Canadian drivers. This analysis examines the advantages, limitations, and key factors when selecting SGI for your car insurance needs. By examining SGI’s unique blend of traditional and innovative insurance solutions, we aim to better understand how SGI stands compared to other providers and how it can meet the specific demands of your driving lifestyle.

  1. Family Protection Coverage: Offers up to $2 million if the at-fault driver’s liability isn’t sufficient to cover injuries to you or a family member.
  2. Accident Forgiveness: SGI will forgive your first at-fault accident, provided you’re acquitted of any significant or criminal offence.
  3. New Vehicle Waiver of Depreciation: Protects the full value of new vehicles for the first 30 months post-purchase or lease.
  4. Cost-Effective Solutions: Committed to providing affordable insurance solutions across Canada.
  5. Five-Star Service: Recognized as a Five-Star Carrier by brokers in Insurance Business Canada Magazine’s 2019 and 2020 surveys.
  6. Wide Industry Coverage: Offers business insurance for various sectors, with customizable packages that include cyber insurance and other protections.
  7. Government Accountability: The Canadian government annually reviews Customer satisfaction levels, ensuring continuous improvement.
  8. Diverse Product Offering: Features a broad range of personal insurance lines, including condo coverage, with discounts and coverage enhancements available.
  9. Community Support: Emphasizes a strong community presence, aligning with many clients’ values of supporting local communities.
  10. Extensive Insurance Products: Provides many high-quality personal property and auto insurance products, including “Value Paks.”
  11. Established History: With its roots going back to 1944, SGI Canada has decades of experience in the insurance industry, offering expertise in finding the right insurance solutions for Canadians.
  1. Geographical Limitations: Coverage is restricted to specific provinces (Alberta, British Columbia, Manitoba, Ontario, and Saskatchewan).
  2. Coverage Restrictions: Does not encompass all damages and incidents, specifically excluding agreement disputes and destruction of tangible property under $500.

SGI Auto Insurance Discounts

SGI Canada provides a variety of discounts for car insurance policyholders who meet specific criteria, enhancing the affordability of their coverage:

Policy Longevity

Discounts for policyholders who have maintained continuous insurance coverage for three or more years, either with SGI or another insurer.

SGI Brand Loyalty

Special rates for customers with a good driving record are insured exclusively under the SGI brand.

Clean Driving Record

Discounts for drivers who have not had any minor convictions in the past three years.

Multiple Vehicle Discount

SGI offers discounts for policies covering multiple vehicles.

Retiree Discount

Special rates for all retired drivers insured with SGI.

Farmer Discount

Discounts for individuals whose primary income source is farming and who reside on their farm.

New Driver Discount

Reduced rates for new drivers who advance to a higher license class without violations.

Student Discount

Parents or guardians of full-time university students living at least 100 km from home without regular vehicle access are eligible for discounts.

Winter Tire Discount

Savings for installing winter tires on your vehicle between November 30 and March 31.

Home and Auto Bundle

Additional savings for bundling home and vehicle insurance with SGI.

Anti-Theft Device Discount

Lower premiums for vehicles with approved non-factory anti-theft devices or vehicle tracking systems.

Additional Insurance Services Provided by SGI

SGI Canada provides a comprehensive suite of insurance products tailored to the diverse needs of homeowners, condo owners, renters, and businesses across Canada.

Their home insurance policies cover a broad spectrum of needs, from standard protection for your residence, personal belongings, and liability to specialized coverage for collectors’ items like wine, artwork, and antiques. They also offer unique policies for cottage owners, including coverage for watercraft and recreational vehicles.

For those concerned about environmental and unexpected damages, SGI provides overland water and sewer backup insurance, alongside coverage for underground water line repairs. They also address modern concerns with identity theft protection, offering coverage for related expenses and legal fees. Home-sharing options are available for loyal customers, and discounts are offered to reduce premiums, such as installing monitored alarm systems, being mortgage-free, increasing deductibles, and bundling policies.

Condo insurance from SGI is designed to complement the master policy of condo associations, covering personal belongings and the interior of units and offering liability protection. It includes identity theft, increased living expenses, and comprehensive glass coverage, with options to insure valuable collections and provide additional liability coverage.

Renters are not left out, with SGI offering coverage for personal items, liability, and additional living expenses in case of evacuation orders. This includes protection for improvements made to the rental unit and optional secondary home coverage.

SGI’s business insurance solutions cater to various industries, offering packaged and customizable policies that include cyber attack and data breach coverage. SGI presents a range of insurance solutions tailored for businesses of all sizes, from small contractors and retail outlets to larger, more intricate enterprises, ensuring the protection of your business assets and activities.

SGI’s range of insurance products is designed to meet the diverse needs of property owners, renters, and businesses, providing comprehensive coverage and peace of mind.

How To Submit A Claim With SGI Insurance

To file a car insurance claim with SGI Canada, you have two primary options: calling or submitting your claim online.

Email

You can contact them at anytime 24/7

Contact by phone

Feel free to contact the team by phone

Website

File a claim by visiting the SGI website

Commonly Asked Questions About SGI Insurance

Does SGI cover car rental insurance?

SGI and all car insurance companies can cover rental cars through a provincial government endorsement form. Endorsement #20 covers rental costs if your car is in the shop for an insured incident. Endorsement #27 allows you to extend your existing car insurance to a rental car, avoiding additional rental insurance fees.

Does SGI Insurance have an app?

No, SGI doesn’t have an app for car insurance policyholders. However, SGI has the SGI Safe Ride App, designed to help find safe transportation options if you’ve had too much to drink. This app is available only in Saskatchewan.

Does SGI Insurance offer ridesharing coverage?

SGI Canada provides rideshare insurance exclusively in Saskatchewan for those who meet specific requirements.

Where is SGI Insurance available?

SGI Insurance offers coverage and products in Saskatchewan, Manitoba, Alberta, British Columbia, and Ontario.

Does SGI offer flexible insurance plans?

SGI offers an annual or monthly payment plan through AutoPay, providing flexibility in how you pay for your insurance.

Is there a penalty if I cancel my policy with SGI early?

Yes, cancelling your SGI policy early will incur a cancellation fee from the provider.

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