Drivers in Manitoba see more savings coming their way.

Manitoba Public Insurance has filed a request for a one-time rebate cheque equivalent to a rate reduction of approximately 15 per cent - roughly $150-$200 per average policy holder. The Crown corporation is also proposing to decrease rates by 2.8 per cent moving forward.

"I am pleased that our team continues to focus on putting the interest of Manitobans at the forefront and we are able to deliver on our promise of maintaining stable and predictable rates which remain among the most affordable in Canada while providing exceptional coverage and service to Manitobans," says Eric Herbelin, President & CEO, Manitoba Public Insurance. "Combining the 2.8 per cent decrease in cost of break-even policies, in addition to other financial adjustments, the average net impact on customer premium for the 2022/23 insurance year would equal a total approximate average of 13 per cent reduction in Autopac premium."

This marks the third year in a row MPI has requested a rate decrease in its annual general rate application and third rebate in little more than a year. So far, customers have received a total of $179 million in rebates.

"The financial strength of MPI has allowed us to make a request to give back to our customers in the form of A one-time rebate," said Herbelin. "The benefit to customers is reflective of the strength of the public auto insurance model."

If approved, the rebate would be returned to its customers through a one-time rebate cheque in early 2022. The proposed rates would be effective April 1, 2022, but because renewal dates are staggered, some vehicle owners won’t pay their new rates until March 31, 2023.