Manitoba Public Insurance (MPI) rates will be going up by 1.8% for some drivers in March of 2019 following a decision by the Public Utilities Board (PUB).
On Monday, December 3, 2018, the PUB approved the rate increase that was less than the public insurer had asked for but noted that that doesn’t mean everyone will have to pay more.
In a statement, they said “Rates paid by individual policyholders within each Major Class will be determined based on their driving record, the kind of vehicle (make and model and year) registered, the purpose for which the vehicle is driven, and the territory in which the policyholder resides. Policyholders’ premiums will also be affected by actual claims experience.”
Last year MPI was granted a 2.6% increase.
The PUB also noted in their decision that there will be no change in permit and certificate rates, vehicle premium discounts, service and transaction fees, or fleet rebates or surcharges.
© 2018 news 4
.
