Author: Randell Mauricio
|650 thousand policy holders with Manitoba Public Insurance may soon be saving dollars on car insurance premiums.
That's if an application to reduce premiums by two-point-six per cent is approved by the Public Utilities Board.
MPI spokesperson Brian Smiley feels the insurer is and will be in good shape for the cut. They've received strong investment returns and are forecasting a reduction in auto-theft.
The forecasted drop in auto-theft will directly be affected by the participation levels in the free immobilizer program -- MPI has a rate goal of 90 per cent.
If the application goes through more than half of Manitoba's policy holders will save atleast 20 dollars.