Good news for drivers in Manitoba as they’re about to receive their third rebate from Manitoba Public Insurance since the beginning of the pandemic in March of 2020.
The Public Utilities Board released its decision on the MPI rate application for 2022-2023 on Wednesday saying it has approved a 1.57 percent decrease in rates for all policyholders which totals around 312 Million dollars.
The board said that with the drop in the total number of claims during the pandemic they would offer the rebate to MPI.
MPI also had rebates come through in April and November of 2020 and they say that rebate cheques should be expected in February of 2022. The drop in rates will translate to approximately $16 less in premiums each year.
The new rates will take effect April 1,2022, but MPI said with some drivers having staggered renewal dates they may not see the decrease until March 31, 2023.
