Car insurance your budget will love!

Everyone likes a good deal - but is cheaper always better?

Before you start cutting the wrong costs and chasing after cheaper insurance deals, consider the options below on how you can get the right insurance for your needs and still stay within your budget.

If you have any questions about how to get the most out of your budget, insurance is something that can be adjusted! Get an obligation-free quote from MiWay today. Remember, cheap doesn’t always mean best!

Adjust your excess to decrease your monthly premium:

With car insurance from MiWay, you can choose an excess that suits your budget. The excess you choose influences the premium you pay. Choosing to pay a higher excess can significantly reduce your premium. However, it is important to consider if you will really be able to afford that amount should the time come when you need to cover the excess at claims stage. Select an excess amount knowing you can realistically afford it – as a MiWay client, you can do this on MiXpress, and instantly see the difference it would make to your premium.

Ensure your vehicle is insured at the correct value:

  • Retail value (the recommended insured value - the current selling price on the dealer’s floor as per the TransUnion Dealers' Guide)
  • Market value (the average between the vehicle's retail and trade values)
  • Trade value (the average price that a motor dealer will pay you for the vehicle as per the TransUnion Dealers' Guide)
  • Special agreed value (which applies to unlisted, vintage and collectors' vehicles, caravans and trailers where a valuation is given by an appropriate approved source)

Choose the level of insurance cover for your vehicle:

  • "Comprehensive" cover provides the widest insurance and covers theft and hijacking, damages due to an accident, fire or explosion, and natural disasters like hail and floods. Comprehensive insurance cover also includes damage to the vehicle’s windows and liability to other parties as a result of an accident, as well as intentional damage to your vehicle.
  • "Third-Party, Fire and Theft" cover provides insurance cover for your car against theft, fire-related damages, and damages you may have caused to another person's vehicle during an accident.
  • "Third-Party Only" cover provides liability cover for any damage you may cause to the property of another person. Damage or loss to your own vehicle is not covered.
  • "Total Loss" provides cover to clients for the total loss of their vehicles only due to write-offs, t, as well as limited third-part liability. Accidental damage that does not result in a total loss is not covered.