SGI Restricted Auto Basic 3 — Questions and Answers
Question 1: Under SGI's Restricted Auto Basic, what happens to your premium if you are involved in an at-fault collision?
- Your premium decreases as a reward for reporting the incident
- Your SGI driving record may be affected, potentially increasing future premiums (Correct answer)
- Your premium stays the same regardless of fault
- You receive a one-time surcharge but no future impact
Correct answer: Your SGI driving record may be affected, potentially increasing future premiums
An at-fault collision is recorded on your SGI driving record and can result in higher premiums at renewal.
Question 2: Which of the following vehicles is eligible for Restricted Auto Basic coverage through SGI?
- A farm tractor used only on private farmland
- A privately owned passenger vehicle registered and plated in Saskatchewan (Correct answer)
- A vehicle registered in Alberta but driven in Saskatchewan
- An unregistered off-road ATV
Correct answer: A privately owned passenger vehicle registered and plated in Saskatchewan
Restricted Auto Basic applies to privately owned vehicles that are registered and plated in Saskatchewan.
Question 3: If your vehicle is declared a total loss under SGI's Restricted Auto Basic, what does SGI typically pay?
- The original purchase price of the vehicle
- The actual cash value (ACV) of the vehicle at the time of loss (Correct answer)
- The cost to replace with a brand-new vehicle of the same model
- Only the outstanding loan balance on the vehicle
Correct answer: The actual cash value (ACV) of the vehicle at the time of loss
SGI pays the actual cash value — the market value of the vehicle just before the loss — when a vehicle is totalled.
Question 4: Vandalism to a vehicle parked on a public street is covered under which component of Restricted Auto Basic?
- Collision coverage
- Comprehensive (non-collision) coverage (Correct answer)
- Liability coverage
- Accident benefits
Correct answer: Comprehensive (non-collision) coverage
Vandalism is a non-collision peril covered under the comprehensive section of Saskatchewan's basic plate insurance.
Question 5: A driver lends their vehicle to a friend, who then causes an accident. Under SGI's Restricted Auto Basic, who is primarily covered for third-party liability?
- Only the owner of the vehicle
- Only the driver (friend) at the time of the accident
- Both the owner and the licensed driver operating with permission are covered (Correct answer)
- Neither party — coverage is void when a vehicle is lent
Correct answer: Both the owner and the licensed driver operating with permission are covered
SGI's basic plate coverage follows the vehicle, extending liability protection to the owner and any licensed driver operating with permission.
Question 6: What does 'plate insurance' mean in Saskatchewan's auto insurance system?
- Coverage that only applies when the license plate is visible
- Insurance coverage that is tied to the vehicle's license plate rather than a specific driver (Correct answer)
- A special policy for commercial license plates only
- Coverage that is valid only within Saskatchewan's borders
Correct answer: Insurance coverage that is tied to the vehicle's license plate rather than a specific driver
Saskatchewan uses a plate-based insurance system, meaning coverage is purchased with the plate and stays with the vehicle regardless of who drives it.
Question 7: Under SGI's income replacement benefit, what percentage of net income can an injured claimant receive?
- 50%
- 75% (Correct answer)
- 90%
- 100%
Correct answer: 75%
SGI's no-fault injury benefits include an income replacement of 75% of the claimant's net income (pre-injury).
SGI Restricted Auto Basic 3
Under SGI's Restricted Auto Basic, what happens to your premium if you are involved in an at-fault collision?