Wow, everyone is pretty passionate about this topic huh?

I'd say just go with the one that makes sense to you. Here's a quick rundown of the pros;

Savage:
-less expensive
-accutrigger is very popular and has received many good reviews
-(sorry, I don't know more about the savage and their reviews)

Tikka:
-1" or better written guaretee out of the box
-smoothest action I've ever felt
-removeable external box magazine (big selling point for me anyway)
-excellent, crisp trigger with no overtravel with factory instructions on how to adjust between 2-4 lbs. (1 allen wrench/nut adjusted).

I have read really good reviews about the newer Savage rifles so I believe they are very good too. I just don't know as I've never shot one or tested one (I do get a chance to shoot an ol' 250-3000 on occasion but that's older than I am).

Kinda comes down to what you need your rifle to do too. If money is really tight and you don't need to shoot over 200 yards the Savage might be perfect. If you need to shoot further you'll want to be aware of accuracy differences unless you handload and like dialing in the rifle with just the right load. I'm not saying the Savages aren't accurate, I'm sure they are. I just don't see it in writing and after being frustrated with my Browning A-bolt, even after sending it back to the company, I went with the Tikka. Just my personal experience though.