MPI requesting 2 per cent rate increase

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Manitoba Public Insurance (MPI) is requesting a 2.07 per cent increase to basic rates for the 2026/27 insurance year.

On Wednesday, the Crown corporation announced it filed its general rate application and is asking for approval from the Public Utilities Board (PUB).

If the hike is approved, Manitobans would see an annual increase of $21 for the average private passenger vehicle policy, which comes to about $1.75 a month.

In a news release, MPI explained the rate hike is attributed to the fact that it’s facing higher claim costs because modern cars are “more complex, contain advanced technologies and are more expensive to repair.”

MPI added it’s also applying to the PUB to expand its Driver Safety Rating scale to include a level 20. If approved, level 20 drivers would save 53 per cent of the cost of their automobile and driver insurance.

The 2026/27 insurance year begins on April 1, 2026.