The Portage La Prairie Mutual Insurance Company started operations as early as 1884 as a 100% mutual insurance company owned by Canadians. This company started as a fire insurance company by the efforts of 7 men who settled in the Portage Plains. Then they diversified into farm insurance and offered coverage exclusively for about 50 years and the value of total risks insured was just $61000. Today Portage Mutual has over 500 insurance agents spread over Canada and offers personal, residential, retail, automobile, commercial, and agricultural business insurance. They offer auto insurance for farm, personal and commercial vehicles. Overall they serve more than 150000 policyholders and have assets worth $435 million and premiums worth $202 million. The head office is located in Portage la Prairie, Manitoba.
Portage Mutual underwrites auto policies in Ontario, Alberta, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland provinces. In Saskatchewan, they offer the auto extension. Portage has branches and service offices in Edmonton, Bedford, St. Catharines, Brandon, Dauphin, Winnipeg, and Saskatoon. They also offer coverage for snowmobiles, all-terrain vehicles, and motorcycles in many provinces. Though Portage Mutual started by selling farm insurance, as of today farm insurance is only 1/3rd of its current business.
| Portage La Prairie Mutual Insurance Company Market Share | Quarter | Year |
| 0.27% | Q1 | 2016 |
| 0.27% | Q3 | 2015 |
| 0.27% | Q1 | 2015 |
| 0.27% | Q3 | 2013 |
| 0.27% | Q2 | 2013 |
| 0.26% | Q2 | 2012 |
| 0.25% | Q3 | 2011 |
| 0.22% | Q2 | 2010 |
| 0.19% | Q1 | 2010 |
Portage Mutual did not have any rate filings in the 3rd and 4th quarters of 2010. The market share was 0.19% in the 1st quarter of 2010. This marginally increased to 0.22% in the 2nd quarter of 2010. They did not have any rate filings in the 1st, 2nd, and 4th quarters of 2011. Their market share marginally increased to 0.25% in the 3rd quarter of 2011.
They did not have any rate filings in the 1st, 3rd, and 4th quarters of 2012. Their market share rose to 0.26% in the 2nd quarter of 2012. Portage Mutual did not have any rate filings in the 1st and 4th quarters of 2013. The market share marginally rose to 0.27% in the 2nd quarter of 2013 and was stable at 0.27% in the 3rd quarter of 2013. They did not have any rate filings in 2014.
The market share stayed stable at 0.27% in the 1st and 3rd quarters of 2015. They did not have any rate filings in the 2nd and 4th quarters of 2015. Their market share continued to stay stable at 0.27% in the 1st quarter of 2016. Portage Mutual did not have any rate filings in the 2nd and 3rd quarters of 2016. The data for the 4th quarter of 2016 is not available.
Portage La Prairie Mutual Car Insurance Rate Changes Review
| Quarter | Year | Portage La Prairie Mutual Insurance Company Rate Change Approved % |
| Q1 | 2016 | -7.87% |
| Q3 | 2015 | -2.55% |
| Q1 | 2015 | -1.10% |
| Q3 | 2013 | -1.13% |
| Q2 | 2013 | 0.04% |
| Q2 | 2012 | 0.00% |
| Q3 | 2011 | 2.04% |
| Q2 | 2010 | 0.22% |
| Q1 | 2010 | 0.00% |
2010 – 2011 Rate Change Review
Portage Mutual did not file for rate changes with FSCO in the 3rd and 4th quarters of 2010. There was no change in rates in the 1st quarter of 2010. The rate change approved in the 2nd quarter of 2010 increased by 0.22%. They did not file for rate changes in the 1st, 2nd, and 4th quarters of 2011. There was an increase in the rate change approved by 2.04% in the 3rd quarter of 2011.
2012 – 2014 Rate Change Review
They did not file for a rate change in the 1st, 3rd, and 4th quarters of 2012. There was no change in rates in the 2nd quarter of 2012. There was a marginal increase in the rate change approved by 0.04% in the 2nd quarter of 2013. Their rate change approved in the 3rd quarter of 2013 declined by 1.13%. In 2014 they did not file for any rate changes.
2015 – 2016 Rate Change Review
There were no rate change approvals in the 2nd and 4th quarters of 2015. The rate change approved in the 1st quarter of 2015 decreased by 1.10% in the 1st quarter of 2015. In this quarter around 39 insurance companies filed for a rate change. They represented 73.48% of the insurance market. Their rate change approved in the 3rd quarter of 2015 declined by 2.55%. About 40 insurance companies filed for a rate change. They were representing 77.45% of the industry.
In the 2nd and 3rd quarters of 2016, they did not file for rate changes. The rate change approved by FSCO decreased by 7.87% in the 1st quarter of 2016. That quarter saw 50 insurance companies file for rate change approval. They represented 83.36% of the insurance industry.
Portage La Prairie Mutual Auto Insurance Discounts
Portage Mutual offers discounts on car insurance policies as per individual profiles of the vehicle and the driver. They calculate savings based on several criteria.
Optional Coverage You May Consider Buying With Portage La Prairie Mutual
Portage Mutual offers mandatory car insurance as per law regulated in the respective province. They also offer optional coverage and special endorsements to get more protection. You may also adjust your coverage limits and deductibles as required.
Portage La Prairie Mutual Car Insurance Cancellation Policy
If you wish to cancel your car insurance policy then you may inform your broker first. They will help you with the cancellation process. You may also directly contact Portage Mutual by writing a cancellation request or calling one of their branches. As per the term remaining on your policy they may issue a refund to you. Usually, they issue a refund if you overpaid or requested to cancel the policy.
Making Portage La Prairie Mutual Car Insurance Claim
Portage Mutual offers claims support 24/7 to all policyholders. If you wish to submit a claim you may first contact your local broker. In case your damage or loss is not an emergency and it is after business hours then you may contact them the next business day. If your claim is an emergency then you may call the below after-hours claims service numbers.
- Head office (Saskatchewan & Manitoba): 1800.567.7721 or 204.857.3415.
- Edmonton branch (Alberta & BC): 1800.661.3625 or 780.423.3102.
- St. Catharines branch (Ontario): 1800.340.2439 or 905.937.0100.
- Halifax branch (Nova Scotia, PEI, Newfoundland, New Brunswick): 1800.565.1000 or 902.835.1054.
How Can I Get Portage La Prairie Mutual Car Insurance Quote
You may contact your local broker to get a car insurance quote. They may help you with a personalized quote for your coverage.
Contact Methods For Portage La Prairie Mutual Insurance
The following are different contact methods you may choose to get in touch with Portage Mutual for your insurance requirements.
Head office: The head office is located at 749 Saskatchewan Avenue East
P.O. Box 340, Portage la Prairie, Manitoba R1N 3B8.
Broker: You may search for your local broker on the website. There is an option to search for a broker with a postal code or broker name.
In-Person: The office location to visit in person for your queries is 749 Saskatchewan Avenue East, Portage la Prairie, Manitoba R1N 0L3.
Phone: The contact number you may call to reach Portage Mutual is 204.857.3415 and 1800.567.7721.
Fax: You may fax your documents to 204.239.6655 and for claims, you may fax to 1866.345.1770.
Mail: The mailing address to write to Portage Mutual is P.O. Box 340
Portage la Prairie, Manitoba R1N 3B8.
Accounts: For any billing queries about your accounts you may call 1800.567.7721 to speak to the Accounts Department. You may choose different types of payment plans to pay your insurance premiums. If you wish to change the payment plan then you may do so only at renewal and not at midterm. To change the payment plan midterm you may pay your remaining premiums till the policy end term in full and then at renewal choose another payment plan. For all these options you may contact your local broker.
Email: On the website, there is also an option to send an email about your query.
Complaints: If you are not happy with the service then you may contact the regional branches at the below phone numbers. You may address your concern to the branch manager by calling these numbers.
- Maritimes: 1800.565.1000
- Ontario: 1800.263.7262
- Manitoba or Saskatchewan: 1800.567.7721
- Alberta or BC: 1800.661.3625.
Disclaimer
We are not affiliated and make no representations warranties, recommendations, or endorsements of Portage La Prairie Mutual Insurance. This article is our review of Portage La Prairie Mutual Insurance for information purposes only. The logos, trademarks, and copyrights mentioned in this article belong to the Portage La Prairie Mutual Insurance.
About the Author: Valerie D. Hahn
