![MPI Rates Going Down for the First Time Since 2012 MPI Rates Going Down for the First Time Since 2012](https://i0.wp.com/live.staticflickr.com/33/58257184_c71dd64064_b.jpg?w=696&ssl=1)
For the first time since 2012, MPI has applied to decrease its premium rates.
The overall decrease will be 0.6%. If approved, 610,000 Manitoba vehicles will have lower insurance premiums. It results to about $10 less in premiums per year.
MPI originally requested a 0.1% rate increase, but due to favourable financial results as of the end of September, they changed it to a 0.6% rate decrease.
If approved, the proposed rates will come into effect March 1, 2020.