On Wednesday, June 17, 2020, Manitoba Public Insurance (MPI) applied to the Public Utilities Board (PUB) for a 10.5 per cent decrease in rates. If approved this would be the largest rate decrease in three decades.

“This historic rate decrease reflects the strong recent performance and financial position of our Corporation,” said Ben Graham, President and CEO, Manitoba Public Insurance. “While many private auto insurers across Canada are asking for double-digit rate increases, Manitobans are receiving the benefits of a well-executed public auto insurance model.

The rate decrease would mean that Manitobans would pay about $130 per year less for vehicle insurance on average.

In May the public insurer rebated $110 million to Manitobans.

If approved the new rate won’t come into effect until April 1, 2021.

© News4.ca 2020