Motorcycle riders in Saskatchewan could see a massive hike in their insurance rates in a couple of months.The province’s government-run insurance is re-jigging the rate scales in April; the rate review panel is looking at both motorcycle and auto insurance. On average, most rates will go up about two per cent, says CBC. If approved, the rates will actually come into effect in August.
However, the way things are looking right now, motorcyclists will see an average insurance hike of 73 per cent, if the proposed changes go through. That’s bad, but the news gets worse; if you’re a rider with a sport bike, or with a motor over 400 cc (which includes the majority of riders), you’re going to see an even bigger jump in rates – perhaps as much as a 331 per cent increase, in the most extreme cases.
Saskatchewan Government Insurance president Andrew Cartmell told CBC the rate hikes are coming because bike riders have relatively high insurance payouts, and the current system sees them heavily subsidized by auto users.