Red River Mutual Condo Insurance in MB (2026)
MB provincial championPolicyholder-owned since 1875, financially solid
Red River Mutual is a MB provincial champion: Policyholder-owned since 1875, financially solid. Red River Mutual is Manitoba’s hometown mutual (founded 1875). In EV insurance comparisons it averages $112/month vs MPI $124 and Wawanesa $117 (2026). Its 2025 annual report confirms AM Best A- (stable) and premiums approaching $200 million.
Red River Mutual Condo Insurance estimates
Key discounts
- +Lowest EV average in MB comparison ($112 vs MPI $124)
- +AM Best A- (Stable) with solid 2025 results
- +150-year local history & policyholder ownership
- −Manitoba-focused footprint
- −Broker-only distribution
- −Smaller scale than national carriers
What the data says
FAQ
How is Red River Mutual different from MPI?
MPI (Autopac) provides Manitoba’s mandatory basic auto; Red River is a private mutual competing for extension coverage, home and business lines.
Can I buy Red River Mutual outside Manitoba?
Its core footprint is Manitoba and surrounding western Canada markets through brokers.
Price ranges are rate-table estimates based on public industry data and regulatory approval trends; final premiums are subject to carrier underwriting.