Wednesday, December 31, 2008

Auto insurance rates to dip slightly in Manitoba next year

WINNIPEG — Automobile insurance rates in Manitoba will dip slightly next year.

Manitoba Public Insurance has received approval from the Public Utilities Board to cut the average premium by one per cent.

The board has also ruled that there will be no premium rebate in 2009.

Rebates worth dozens of dollars to the average car owner have been issued in recent years, but the board says the depressed investment markets make such rebates unfeasible.

source

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