SGI redefines antique vehicle terms

Published: January 10, 2018

Updated: July 24, 2018

Author: Luke Jones

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Saskatchewan Government Insurance (SGI) has changed its definition for classifying an antique vehicle in an effort to stop customers abusing a loophole.

Under the previous definition, SGI deemed any vehicle 30 years old or older as antique. Now, the public insurance provider says only “vehicles that are model year 1987 and older” are classified as such. The new definition has been in action since the start of the year.

“This change means that vehicles with a model year of 1988 and newer will not be eligible to be registered for antique use…this change does not impact any vehicles currently registered for antique use” said SGI media relations manager Tyler McMurchy.

There was previously a loophole that allowed an “imbalance” in the system:

“The intent of the Antique Use class, when it was originally created, was to accommodate vintage vehicles that were used infrequently – for parades or special occasions or Sunday drives,” he said. “But we’ve seen an increasing trend where antique-registered vehicles are also being used as regular use vehicles, driven daily in many cases.”

McMurchy says antique vehicles are insured for a low cost, it is hard for the coverage to fully compensate for injury and liability claims. SGI points out physical damage coverage for antique vehicles is limited to $800 dollars, with full liability and injury benefits provided.