Home Car Scene More MPI Rebate Cheques and Rate Deductions Coming in 2022

More MPI Rebate Cheques and Rate Deductions Coming in 2022

Manitoba Public Insurance (MPI) is looking to issue $335-million worth of rebate cheques to customers in 2022. If approved, this will be the second largest rebate in corporate history. In 2011, MPI rebated ratepayers $336-million. In addition, MPI rates will see a 1.2 per cent rate decrease.

“MPI continues to demonstrate strong financial performance, which has resulted in its applying for a third consecutive rate decrease, and in time, applying for a third consecutive customer rebate,” Crown Services Minister Jeff Wharton announced. “The COVID-19 pandemic has been challenging for all Manitobans. I am pleased that Manitoba Public Insurance will once again be in a position to provide its policyholders with much needed financial relief early in the New Year.”

This will be the third rebate cheque since the COVID-19 pandemic. Rebate cheques will be mailed out in the winter of 2022. To date, customers have received a total of $179 million in COVID-19 driven rebates.

Combining the requested 1.2 per cent decrease with the surplus rebate, customers can expect an average decrease in their 2022/23 insurance year Autopac premiums of approximately 26.1 percent.

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