Manitobans could be seeing an increase with their auto insurance.
Manitoba Public Insurance said in a release today that they have asked the Public Utilities Board for a 2% increase to Basic Autopac rates.
If approved, the increase will result in the average passenger vehicle owner paying about $17 more in premium.
MPI says last year was “unprecedented” in terms of claims.
They say there was a 68 per cent spike in claims costs and hail claims in particular more than tripled from the year before.
The average premium for the private passenger vehicle class will be $1,018.
|
Major Use |
Applied for Rate Changes |
|
Private passenger |
1.7% |
|
Commercial |
5.4% |
|
Public |
3.7% |
|
Motorcycles |
-1.7% |
|
Trailers |
11.1% |
|
Off-road Vehicles |
0.0% |
|
Overall (applied for) |
2.0% |
The proposed rates will be effective March 1, 2017 if approved.
