Don’t miss your due date
Make your online payment two to three days in advance of your due date to ensure it is processed in time. This will prevent the risk of late fees being applied, which may occur if the payment is processed after the due date. (Manitoba Public Insurance will reverse the $20 late fee if you bring a copy of your receipt that includes a reference number and time of remittance, or proof of payment from your financial institution (with a time stamp indicating payment was made before midnight on the due date) to an Autopac agent.)
Interest, penalties and other costs
Interest charges and an administrative fee are built into your pre-authorized monthly payments. The interest depends on current rates and the total amount being financed, which is your insurance premium plus your vehicle registration fee. The total interest and the $4 annual administration fee (per policy, per year) are divided evenly over all your payments.
NSF charges. We will charge you a $20 penalty for each cheque we can’t cash. This includes NSF cheques, unsigned cheques and incorrectly dated cheques.
Late payments. A penalty of $20 (on each insured vehicle) will apply for every late payment under the four-payment plan, and for each defaulted instalment under the 12-payment plan. Payments due on a Sunday or a statutory holiday can be paid on the next business day without penalty.
Missed payments
Missing a payment may lead to your registration and insurance being suspended. Serious consequences can result from driving a vehicle with suspended registration and insurance. You’re responsible for paying all of your instalments on time. We take action right away if we don’t receive a payment from you on time, if one of your monthly payments defaults or if we can’t cash your cheque. We’ll send you a notice warning you that we’ll suspend your insurance coverage and/or your driver’s licence if we don’t receive your payment. Even if you haven’t received a notice from us, Section 92 of The Drivers and Vehicle Act gives us the right to suspend your insurance and/or driver’s licence when you haven’t paid on time.
If we suspend your insurance and/or driver’s licence because you’ve missed a payment, you can’t pay by instalments until your next anniversary day. If you’re suspended for a second missed payment within three years, you can’t pay by instalments until one year after your next anniversary day.
