We believe in doing what’s right – which includes being open and transparent with you about what you are paying for when you insure your vehicle.
More information for customers
To be more accountable to you, we have introduced graphics on the front of our annual statements of account and renewal notices that feature a full breakdown of where your premium dollars go for both Basic and Optional Autopac, based on an average passenger vehicle policy.
Below is the information customers will receive:
You can find more details about this graphic below. Please note that all figures are rounded to the nearest one per cent for ease of reading.
Basic Autopac
There are three areas your Basic Autopac insurance premiums contribute to: damage claims, injury claims and expenses.
Damage claims
Damage claims pay costs to customers arising from collision, comprehensive (vandalism, theft, hail, etc.), and third-party liability claims (coverage for claims others may make against you).
Injury claims
The injury claims section represents payments related to Personal Injury Protection Plan (PIPP) claims. PIPP guarantees that any Manitoban injured in an automobile collision anywhere in Canada or the U.S. receives comprehensive and world-class injury and economic loss coverage. Learn more.
Expenses
Running a business, including public auto insurance, includes expenses. To ensure that we are able to continue to deliver exceptional coverage and service, affordable rates and safer roads to you, our expenses include:
Operating expenses: This includes all of the expenses related to processing your claims. It also covers all non-claims related expenses, such as employee compensation, regulatory, and reinsurance costs. Note that operating expenses are net of any services fees collected (such as late payment fees, financing fees, etc.)
Commissions: Brokers receive a commission from MPI when performing transactions on MPI products and services.
Premium taxes: A three per cent provincial tax is charged on all premiums.
Road safety: As a key part of our mission, we are committed to increasing public awareness about risky driving behaviours and to providing more opportunities for Manitobans to enhance their driving skills. We do this through supporting community-based programming with our stakeholders and partners that promotes road safety awareness and education, developing and managing awareness and education initiatives as well as conducting research and analysis to better understand road safety issues. Learn more.