Drivers in Manitoba could see a small break on their car insurance premiums next year.
The Manitoba Public Utilities Board announced that on March 1, 2020, motor vehicle premium rates will decrease by 0.6% for a 13-month period.
Although the rate is decreasing, not everyone will be affected by it. Adjustments to specific classifications of vehicles will be determined based on MPI’s rate design.
The rate that someone pays will be determined by several factors including their driving record, the make and model of their car, and what the vehicle is used for.
It will also be impacted by a person’s actual claims experience.
To find out more information on the rate decrease, go to the PUB’s website