Canadian Underwriter

Most MPI customers will pay the same for auto insurance

November 27, 2007   by Canadian Underwriter

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Most Manitoba Public Insurance (MPI) customers will pay the same, or potentially less, for auto insurance next year, MPI has announced.
All customers who paid for auto insurance in 2006-07 will receive a 10% rebate as per a ruling by the Public Utilities Board (PUB), according to an MPI release.
This is the ninth year in 10 that MPI has reduced or held the line on Autopac rates without reducing customer service or coverage, the company reports. This latest rebate is the fourth provided in the last six years, bringing the total returned to more than Cdn$260 million.
Todays ruling confirms the strength of the public auto system, Marilyn McLaren, president and CEO of MPI, said in the release. Our record is unmatched anywhere in Canada and demonstrates our commitment to providing Manitobans with the rate stability they value so much.
MCLaren said in one decade Autopac has reduced auto insurance rates five times, held the line on rates four times and had just one small rate increase. During the same period, strong investment growth has provided the opportunity to provide four rebates, putting more than [Cdn]$260 million back into peoples pockets.
MPI says the average passenger vehicle premium next year will be Cdn$833, the same as last year, and the average vehicle owner will receive a Cdn$100 rebate to be mailed out late next spring.

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