Quebec drivers get a big discount on license renewals in 2022 and you’ll pay just $ 24
Between the potholes, the countless blocked streets and the snow-clearing season, Quebec motorists may feel they deserve a break. Now they’re getting one – at least as far as the amount they’re paying for license renewals, which will cost just $ 24 for most motorists in the New Year.
Class 5 (passenger vehicle) or 6 (motorcycle) license holders who renew their license in 2022 still have to pay license fees and administrative fees, but do not have to contribute to the cost of insurance.
Without the discount, insurance would have cost these drivers $ 83.62 in 2022, according to The Quebec Automobile Insurance Company (SAAQ). That plus the license and administration fees would have totaled about $ 107.62 instead of just $ 24.
the The SAAQ announces the reduced rate in April, explaining that he would use a surplus of $ 1.158 billion to give back to his customers.
The surplus, he said, came from a combination of “higher than expected investment income” over the past 10 years and improved “road balance”. He said there had been a “significant decrease in the number of road accident victims” in 2020, which means fewer claims had to be paid.
The “insurance contribution holiday,” as the SAAQ called it, will actually apply over a two-year period, so you can expect to pay a reduced rate in 2023 as well. The SAAQ has estimated that drivers will save at least $ 184 over the two-year period.
It is important to note that the payment holiday will not affect the existing insurance plan, which remains in place, said the SAAQ.
There is, however, an exception to the “insurance contribution holiday”. If you have accumulated demerit points, you will still pay the SAAQ for insurance, albeit at a reduced rate, in addition to your license and administration fees. The insurance contribution will cost you between $ 52.29 and $ 436.89, depending on the number of demerit points you have accumulated.
The fees also vary depending on the type of license or licenses you have, so check the SAAQ insurance premiums web page for more information.
The cover image for this article is used for illustration purposes only.
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