Most drivers in Manitoba can expect a discount on their auto insurance, although some classes of vehicles will see their rates increase, Manitoba Public Insurance announced Monday.
MPI is seeking an average rate decrease of 0.9 per cent in this year’s filing with the Public Utilities Board.
“By ensuring sufficient capital, we’re able to absorb any unforeseen variations in claims costs, which allows the basic compulsory rates to be kept stable, predictable and affordable as possible for all Manitoba drivers,” said Mark Giesbrecht, vice-president and chief financial officer of MPI.
Private passenger registrations will decrease by 0.4 per cent.
The province is also applying to extend the safety rating system, which offers drivers a discount for safe driving, to 17 levels from 16. Within the next five years, Giesbrecht said, MPI plans to increase the system to 20 levels.