Manitoba's Cheapest Vehicle To Insure

Car insurance in Manitoba is provided by a provincial agency, Manitoba Public Insurance (MPI), meaning that private auto insurance companies do not operate in the province. While this means that Manitoba drivers cannot shop around for the best rates, MPI's car insurance calculator tool can help drivers estimate their insurance costs.

Factors that affect the cost of car insurance in Manitoba include where you live, how you use your vehicle, and the type of car you drive.

According to Ratehub.ca, the 10 cheapest used cars to insure in Canada in 2021 include the 2009 Dodge Journey SXT 4-door 2WD, the 2011 Ford F150 XLT SuperCrew 4WD, and the 2010 Toyota Matrix Wagon.

Car insurance in Manitoba is provided by a provincial agency

The basic car insurance coverage provided by MPI is called Autopac, and it includes third-party liability insurance, all perils coverage, and personal injury protection. Third-party liability insurance covers you if you injure other people or damage property with your vehicle, while all perils coverage insures your vehicle and any permanently attached equipment against accidental loss or damage in Canada or the US. Personal injury protection compensates Manitobans for losses or injuries they incur from an automobile accident, regardless of who was at fault.

In addition to the basic Autopac coverage, MPI also offers extension coverage plans and services such as lower deductibles, increased liability, auto loss of use, and rental car coverage. You can also buy specific extensions to your coverage through MPI, such as rental vehicle insurance, new or leased replacement car insurance, or ridesharing coverage.

To get car insurance in Manitoba, you need to contact an independent Autopac broker. There are more than 300 car insurance brokers in Manitoba who are licensed to sell Autopac coverage. You can find a broker near you using the tool on the MPI website.

MPI provides car insurance quotes to Manitoba drivers through its car insurance calculator tool. This tool helps Manitoba drivers estimate their insurance costs and get an idea of how much they can expect to pay for car insurance.

Manitoba Public Insurance (MPI) has a car insurance calculator tool

To get an estimate of the price of car insurance in Manitoba, you can use MPI's car insurance calculator tool. This tool will give you a preview of your insurance costs, which can help you understand how much you will need to budget for car insurance.

The calculator takes into account various factors that determine the cost of car insurance in Manitoba. These factors include:

• Where you live (MPI divides Manitoba into four territories)
• How you use your vehicle (occasionally or daily for commuting)
• The type of car you drive (its make, model, and safety features)
• Your driving record
• Your driving experience
• Your driver's licence level (Class 5L, 5I, 5F)

It is important to note that, unlike in other provinces, age, gender, and employment status do not affect insurance rates in Manitoba. However, young drivers without an extensive insurance history may pay more for car insurance.

In addition to the calculator tool, MPI also provides a way for drivers who own multiple cars to save on car insurance. MPI advises insuring the car that costs the most to insure with all-purpose insurance and the others with cheaper pleasure insurance (low annual mileage insurance).

By using the MPI car insurance calculator tool and understanding the factors that affect insurance rates, Manitoba drivers can make informed decisions about their car insurance and find ways to reduce their costs.

Auto insurance is mandatory in Manitoba

Basic auto insurance is mandatory in Manitoba and must be purchased through Manitoba Public Insurance (MPI). This is the only source of mandatory coverage in the province, and it is a crime to operate a vehicle that is not registered through MPI. All licensed drivers in Manitoba must pay a basic insurance premium and carry third-party liability, even if they don't own a vehicle. This ensures that they are covered for a minimum of $500,000 in the event of a collision while driving an uninsured vehicle.

The MPI basic personal policy includes protection in the event of loss or damage to your vehicle, such as collision, vandalism, theft, hail, and fire. It also provides a Personal Injury Protection Plan (PIPP), which covers all Manitobans in the event of injury or death, regardless of who was at fault in the accident.

In addition to this basic mandatory coverage, there are many optional, extended coverages that can be added, such as lowering your deductible and increasing liability. You can also choose to add extra protection to your policy, such as increased third-party liability limits of up to $10 million, excess value coverage for vehicles worth more than $50,000, and new vehicle protection.

The cost of car insurance in Manitoba is determined by several factors, including the number of years a person has had a driver's license, their driver's license level, the amount of optional protection selected, their deductible amount, where they live, how they use their vehicle, their vehicle type, and their driving record.

To get a quote for car insurance in Manitoba, individuals must provide information about their driving history, automobile, and other required information. The quote will include both basic and optional insurance coverages, as MPI is the sole provider of car insurance in the province.

MPI provides mandatory and optional insurance coverage packages

In Manitoba, car insurance is provided by the provincial agency Manitoba Public Insurance (MPI). MPI offers both mandatory and optional insurance coverage packages.

Mandatory Coverage

The mandatory insurance coverage in Manitoba is mostly about protecting you from damage you may cause to others and their property. This includes:

• Third-party liability insurance: This is mandatory with a minimum limit of $200,000, but you can increase your liability coverage up to $10 million through MPI or a private insurer.
• Accident benefits: Covers resulting medical costs and financial help following an accident.
• Uninsured Motorist: Protects against injuries you suffer from a driver without insurance.

Optional Coverage

The following coverages are optional and can be added to your MPI package:

• Collision: Protects your car if you're at fault in an accident.
• Comprehensive: Protects your car from vandalism, theft, and inclement weather.
• All perils: Collision, comprehensive, and protection from someone you know stealing your car.
• Specified perils: Covers financial losses from specific risks like fire, theft, or flooding.
• Emergency roadside assistance: Covers you for roadside callouts in emergencies.

In addition to these standard options, MPI also offers specific extensions to your coverage, such as rental vehicle insurance, new or leased replacement car insurance, or ridesharing coverage.

Cost of Car Insurance in Manitoba

According to the Insurance Bureau of Canada, Manitoba has the fourth-highest car insurance rates in the country. The average yearly cost of car insurance in Manitoba is around $1,140, which equates to a monthly cost of approximately $117. However, MPI has taken steps to reduce rates, such as requesting an overall decrease of 10.5% in 2020, which amounted to an average savings of $130 per year for drivers.

MPI filed for an overall decrease of 10.5% in insurance rates in 2020

In 2020, Manitoba Public Insurance (MPI) filed for an overall decrease of 10.5% in insurance rates, which would be the largest rate decrease in 30 years. The average passenger vehicle owner would pay about $130 less in premiums per year. This would be the second year in a row that Manitobans received a rate decrease from the public auto insurer.

The rate decrease was attributed to MPI's "multi-pronged strategy focusing on insurance fundamentals such as fiscal prudence of managing claims and MPI expenses, changes made to our product suite, implementation of a better reinsurance strategy aimed at reducing volatility, enhanced investment management strategy and building an industry acceptable level of reserves to absorb rate shocks."

In May 2020, MPI customers also benefited from a $110 million rebate, with $58 million attributed to fewer claims during the COVID period and $52 million through prudent company management from year-end financial results.

The Public Utilities Board (PUB) hearings typically begin in October, with the proposed rates coming into effect the following April. However, because renewal dates are staggered, some vehicle owners might not pay their new rates until March of the following year.

While MPI filed for an overall rate decrease, it's important to note that insurance rates in Manitoba are determined by various factors, including an individual's driving record, location, vehicle type, and coverage choices. Additionally, MPI's rates are set by the PUB, an arm's-length government entity, which may order a different rate decrease or increase than what was initially requested.

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