Cheap car insurance doesn’t have to mean you don’t get the coverage you need. At MiWay, You can have your vehicle insured for its retail, market, or a specially agreed value. You can get insurance for your private vehicle or for a vehicle you use in a professional or business capacity. You also have the option between comprehensive and limited car insurance, depending on your individual circumstances. With comprehensive car insurance, you will get the widest range of coverage including that for theft, hijacking, damages due to an accident, fire or explosion and natural disasters like hail and floods. It will also include coverage for damage to the vehicle’s glass and liability to other parties as a result of an accident.
Cheap car insurance will be limited, which means the policy pays a lower price to get none of the coverage added with comprehensive. At MiWay, you will have flexible car insurance to cover losses primarily due to an accident or theft. You can also choose from additional options such as car hire and cover for non-standard sound systems and car accessories to optimize your coverage for your needs.
To be sure you qualify for cheap car insurance at MiWay, you will need to take your vehicle to one of their approved inspection centres to determine whether there is any existing damage to your vehicle. They will confirm if the immobilizer is adequate and in good working order and obtain the details of any non-standard accessories and sound equipment. This inspection is essential in avoiding any problems in the unfortunate event of needing to file a claim. In addition, MiWay also provides coverage for older vehicles even if the vehicle does not exist in their system. They will agree to a value of the vehicle with you and insure your older vehicle for that value.
To get cheap car insurance, you need to understand some of the terms used to decide what your coverage is and how this affects your premiums. The retail value of your car is a higher value than the market value and is the average price a dealer would sell the vehicle for taking its age, condition and mileage into account. Your vehicle may be covered for its retail value and allow you to replace it with a similar vehicle if it is stolen or hijacked. This will probably be a higher price for the better coverage. Market value is lower than the retail value and you will get cheap car insurance when your coverage is based on the market value rather than the retail value.
When you pay a higher excess on your insurance, you can get cheap car insurance and lower your premiums. An excess is an amount of money that you agree to pay in the event that you have an insurance claim. If you have an excess of R3,000.00 and damages in the amount of R50,000.00, MiWay will pay the remaining R47,000.00 once you have paid your excess to the repairer. To learn more about how to get cheap car insurance, visit www.miway.co.za!
