Lower rates next year by Manitoba public insurance
MPI made an announcement on Tuesday stating that it would lower the rates next year where a majority of the motorists will see a 6.8% cut in their auto insurance rates. This would be possible only because the theft costs and injury claims have come down. This has also increased operational efficiencies. But the rates are yet to be approved by the Public Utilities Board and after the approval the new rates will take effect on the 1st of March 2012. For a private passenger vehicle the average premium would be $836 which is $61 lesser than the last year. … (more) July 1, 2011
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