Why does my premium increase every year even though the value of my car is depreciating?
Unless you have chosen otherwise, your car is not only covered for the theft but also for the repair in the event of an accident. The labour cost of repairing your vehicle and parts used increase every year with the unfortunate consequence of your premium increasing in line with these costs.
Car Insurance Additional Information
MiWay offers flexible car insurance to cover losses primarily due to an accident or theft.
In addition to accident or theft, comprehensive car insurance in South Africa covers losses due to fire and explosion, natural disasters like hail and floods and damage to the vehicle’s glass.
Additional options such as car hire and cover for non-standard sound systems and car accessories can also be added to your car insurance policy.
Car Insurance is sometimes referred to as Vehicle Insurance or Motor Insurance.
