The Government of Manitoba has announced a five percent reduction in auto insurance rates for the upcoming year.
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The city of Winnipeg, Manitoba The Manitoba government declared on Tuesday that all mandatory auto insurance premiums will see a five percent rate reduction.
The Public Utilities Board of the province issued this directive, which will take effect on April 1, 2024, and last until 2025.
The Board denied Manitoba Public Insurance’s (MPI) request to have no general rate changes for the upcoming year, which led to the rate change.
Justice Minister Matt Wiebe, who oversees Manitoba Public Insurance, declared on Tuesday that “today’s announcement is a win for Manitobans trying to make ends meet.” “This economy is among the hardest that we have seen in recent memory.”
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