The Société de l’assurance automobile du Québec (SAAQ) reminds its customers that they will be entitled to a holiday from paying the insurance contribution when their driver’s license is renewed in 2022 as well as in 2023.
More than 6.4 million Quebeckers will benefit from this payment holiday, which includes the tax on insurance. In fact, when renewing their driver’s license, holders will only have to pay the fees ($ 4.90) and duties ($ 19.10) as well as, where applicable, the contribution portion of the license. insurance for demerit points entered in their file.
Savings of $ 181
Thus, for someone who holds a Class 5 driver’s license without demerit point, the fees to pay for the driver’s license in 2022 will only be $ 24. This rebate will represent a saving, over two years, of $ 184.11 for a holder of a passenger vehicle license. For holders of a driver’s license combining the auto class and the motorcycle class, the savings will total $ 338.15.
This rebate is made possible by the financial strength of the Automobile Insurance Fund and the higher investment income than anticipated over the past ten years. In addition, the improvement of the road record for the year 2020, due to the significant drop in the number of road victims and the compensation paid, also helped to solidify the financial situation of the Fund.
Rigorous management
“Thanks to its rigorous management, the Société de l’assurance automobile du Québec allows its clients to benefit from an insurance contribution payment holiday. As the holiday season dawns, I am happy to confirm this excellent news for the 6.4 million Quebecers holding a driver’s license, ”said François Bonnardel, Minister of Transport.
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$ 1.15 billion
“Thanks to the sound management of the Insurance Fund and to better than anticipated investment income, we are able to give Quebec drivers $ 1.158 billion while preserving the sustainability of the public insurance plan for drivers. people with road accidents, ”adds Nathalie Tremblay, President and CEO of the Société de l’assurance automobile du Québec
The new insurance pricing (2022-2024) will enter into force from January 2022.
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