Autopac rates are going up next year for close to half the vehicles on Manitoba roads, with private passenger vehicle fees rising an average of one per cent.
The Public Utilities Board issued its ruling this morning on Manitoba Public Insurance’s rate application for 2014.
MPI had asked for an overall increase of 1.8 per cent, but the PUB, citing the need for the public insurer to control its costs, gave it only half of what it wanted. Compulsory fees will rise by only 0.9 per cent overall.
Of the more than one million vehicles in the province, 49.2 per cent will be more expensive to insure in 2014, 42.9 per cent will be less expensive and 7.9 per cent will remain the same.
The biggest rate swings next year will be for owners of off-road vehicles (down 12.5 per cent), motorcycles (down 6.1 per cent) and taxis (up $300 or more per vehicle).
In a press release this morning, the PUB said it continues to have "significant concerns" about MPI’s operating expenses. It says the corporation must do more to control its costs.