The Société de l'assurance automobile du Québec (SAAQ) is giving Quebec drivers a two-year "vacation" from paying the insurance portion of their license renewal fees in 2022 and 2023, bringing most license renewal bills down to $23.
If you drive a passenger vehicle, like a car or van, you can expect to save $184.11. If you have a combined car and motorcycle license, expect to save $338.15.
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📢Nous remettons plus de 1 milliard $ dans les poches des Québécois en 2022 et 2023. Communiqué :… https://t.co/Q2NoTQj0gy— SAAQ (@SAAQ) 1619790893.0
Driver's license holders will only have to pay $4.75 in fees and $18.60 in charges on their license renewal, as well as the portion of the insurance contribution for demerit points on their record, if any, according to the SAAQ.
The SAAQ made the announcement on April 30, attributing it to a $1.158 billion surplus that it wants to "give back" to its customers.
The surplus, it says, comes from a higher than expected investment income over the past 10 years, and improved "road balance" in 2020 with a "significant decrease in the number of road accident victims and claims paid."