MPI Rates Going Down for the First Time Since 2012
Image by jeffmilner

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.