ANOTHER REASON TO BE A CMMG MEMBER…
(AND PASS THIS INFORMATION ON TO YOUR SKEPTICAL MOTORCYCLE FRIENDS WHO ARE NOT)
In addition to getting favourable adjustments for wildlife and livestock claims for 2011, the Public Utilities Board has just issued a revised order to increase this year’s rebate to 45% for all vehicle premiums paid (including motorcycles) in the 2009/10 premium year. This rebate results from CMMG’s (as well as other interveners) intervention at Public Utilities Board hearings.
Our solicitor emails as follows: “Unbelievable “45% rebate” this is unprecedented in the country! Following on the great gains we made last fall in getting wildlife/livestock losses spread across all vehicle classes & the loss transfer issue we won, this should be a huge coup to motorcyclists.”
See a copy of the PUB order here; however, the last paragraph says it all:
IT IS THEREFORE ORDERED THAT:
1. Order 122/10 is hereby varied, such that MPI shall issue a 45% rebate of 2009/10 vehicle premiums in 2011, and by no later than May 31, 2011, upon production to the Board of its audited 2010/11 financial statements.
THE PUBLIC UTILITIES BOARD
“GRAHAM LANE, C.A.” Chairman “HOLLIS SINGH” Secretary
The corporation has requested a 10.3 per cent overall average decrease to motorcycle rates. Motorcycles see a larger average decrease than other vehicles because a greater proportion of their rate is for injury claims. In total, 9,342 motorcycle owners will see a decrease in their premium. Of the motorcycles increasing in rate, most are mopeds which will see their average rate increase from $204 to $249.
The proposed rates would be effective March 1, 2012, but because renewal dates are staggered, some vehicle owners wouldn’t pay the new rates until February 28, 2013.
New Manitoba insurance option for motorcycles.
Manitoba motorcycle owners will have more options when they purchase insurance, Manitoba Public Insurance announced today.
Available Monday, May 4, motorcycle owners will be able to purchase the following new products from their Autopac agent:
- Rental Vehicle Insurance
- Extension Loss of Use
- Excess Value Coverage
- New and Leased Vehicle Protection Extension Insurance
CMMG President Brian Segal said today’s announcement is a positive step forward for all motorcycle owners. “Our advocacy efforts are once again showing results,” said Segal. “Motorcyclists will now have extension insurance products on par with those of automobiles. CMMG is pleased to have been instrumental in making them available for motorcyclists.”
Manitoba Motorcycle Insurance Rate Drops 7.6% in 2016
The PUB has recently approved of a Manitoba motorcycle insurance rate drop of 7.6% effective March 2016. Combined with the rate drop in 2015 this means that the CMMG has helped Manitoba motorcyclists reduce their insurance premiums by 15% in just the last 2 years and close to 30% in the last 5. This is a significant achievement and the CMMG has worked hard to get this done to the benefit of all riders.