Stocking Stuffer: MPI to drop rates by 8.8 percent, second round of rebates on the way

Manitoba public insurance might be on the rise

Winnipeg, Manitoba – Manitoba’s Public Utilities Board (PUB) has approved a request from the province’s crown auto insurance corporation to lower rates for customers by nearly nine percent.

PUB approved Manitoba Public Insurance’s (MPI) request to adjust rates on Wednesday, clearing the way for MPI to be able to drop rates by about 8.8 percent, a savings of more than $100, starting on April 1 of next year.

MPI’s ability to return savings to its customers was dependent on the corporation meeting its target capital.

As well, PUB has also approved the second round of rebates for Manitoba drivers due to the significant decline in claims reported since the onset of the COVID-19 pandemic.

MPI plans to return about $100 to customers over the next several weeks.

It’s not good news for everyone, however, as drivers insured under the passenger vehicle-for-hire class will face a 20 percent increase in their rates for 2021-22 and a subsequent 20 percent increase for each of the following two years.

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