If like most of us your money runs out before the month does, why not save on your short term car insurance? By following a few simple guidelines, you could potentially save a few bucks each month, and even more when calculated over a year. Car insurance doesn't have to be complicated to understand and because contracts are month-to-month, often without a notice period, why not start saving right away! Here are our top tips that you may wish to consider:
- Shop around - shopping around and comparing quotes from different insurers could be well worth your time and effort. Use the Internet to find insurers in your market
- Use online comparison website - search the Internet for websites that will gather and compare insure quotes on your behalf. Thereby saving not only time but also effort and money.
- Online insurance - various insurers offer a special discount when buying or requesting an online quote.
- Look for special offers - with more and more companies entering the short term insurance market, competition is forcing premiums downwards and insurers will have special offers from time to time or on specific products.
- Find a niche insurer - if you belong to a particular group such as a pilot, a woman or your professional, look out for insurers that offer specialist products and pricing for your group.
- Additional safety features - simply adding additional safety features to your car such as a tracking device or anti-hijacking device could make insuring your vehicle cheaper in the long term. Weigh-up the cost of installing the device vs the saving in premium.
- Consider a higher voluntary excess - most car insurance companies will give you a discount when opting for a higher excess.
- And lastly - when next buying a car, consider the colour and make of the car you choose. The bigger the engine capacity, the darker the colour and imported vehicles are all more expensive to insure.
With most car insurance companies claiming to offer cheaper car insurance, it's difficult to know where the real savings are. The trick is to not only compare price but to make sure you compare the benefits offered. Also carefully read the small print and consider how claims are handled by prospective insurers.
MiWay is the first company in the South African insurance industry to dedicate a page for Compliments & Complaints on their website. The website is renowned for being transparent, as we publish all comments made by clients and potential clients alike. We view negative feedback as valuable, and appreciate the opportunity to get things going your way again quickly and efficiently.
MiWay offers competitive premiums on car insurance, home contents insurance, all risk insurance, buildings insurance, credit life and motor warranty products. For more information visit MiWay
