For a second year in a row, Manitoba drivers will receive a rebate on their car insurance.
In a decision released Monday, the Public Utilities Board has ordered Manitoba Public Insurance to give all registered vehicle owners a 10-per-cent rebate on their premiums.
"We know that Manitobans want that stability and they want that predictability in their auto insurance," MPI spokesman John Douglas said.
"It helps families on an everyday basis be able to budget from paycheque to paycheque, and that kind of rate stability helps all families out."
The utilities board cited MPI's better-than-expected financial returns as the reason behind its decision.
In 2005, the utilities board forced MPI to refund $58 million to drivers. The insurer had asked to put some of its surplus into a reserve fund used to stabilize Autopac rates over time.
Premium rates to change in 2007
The board has also decreed that premiums for private passenger vehicles in the 2007-2008 year will go down about three per cent on average.
The new rates go into effect next March, and drivers can expect rebate cheques about a month later. The rebates will be based on basic premiums paid in the 2005-2006 year.
Average premiums on commercial vehicles will rise 5.4 per cent in 2007, while motorcycles will see an increase of around five per cent.
Trailers will see the sharpest premium drop, about 14 per cent on average. Owners of public service vehicles can expect an average 2.4 per cent premium drop, while off-road vehicles will be unchanged.
Related
Internal Links
MORE MANITOBA HEADLINES »
- Winnipeg council agrees to plunge $7M into water-park project
- Winnipeg city councillors gave the green light Wednesday to spending $7 million to leverage enough private investment to build a privately owned and operated water park in the city.
- 'Le Cordon Bleu' restaurant bids au revoir to name
- A small family restaurant in Manitoba is changing its name, after being threatened legal action by the famed Le Cordon Bleu International Academy of Culinary Arts.
- Murder charges laid in Interlake death
- First-degree murder charges have been laid against three Winnipeg men in the beating death of a former wrestler in the Interlake last fall.
- Curlers honour Don Wittman
- All players participating in the Masters of Curling, which began Thursday night in Saskatoon, are wearing a crest on their uniforms honouring legendary CBC Sports broadcaster Don Wittman, who passed away last week.
- Fires destroy 2 homes in central Winnipeg
- Two families in Winnipeg's West End neighbourhood were left homeless after separate fires destroyed their homes Tuesday.
Canada Features
Blog Watch
Most Blogged about CBC.ca Articles
Note: CBC does not endorse and is not responsible for the content of external sites - link will open in new window
