The Financial Consumer Agency of Canada recommends comparing quotes from multiple insurers before renewal rather than accepting an automatic increase, since pricing between companies for the same property can vary meaningfully. Saskatchewan also charges PST on the insurance premium itself at closing, which is worth confirming is calculated correctly on any new policy.
Insurers price a policy against the cost to rebuild the home, not against its sale price, so Saskatoon's benchmark price of $444,700 from the latest Saskatchewan REALTORS Association report is not the number your insurer is actually using. A sump pump, a sewer backup valve or updated wiring can all lower the risk profile an insurer is pricing, sometimes enough to offset part of an increase.
Joel Dyck can point sellers and buyers toward what insurers in Saskatoon typically flag on an older home before it becomes a renewal surprise. Get your hand-reviewed valuation from Joel Dyck.