6 ways to save on car insurance

If you’re thinking of taking out car insurance or changing your insurance plan, there are plenty of ways you can save a few extra rands…but don’t think about ditching it!

When it comes to owning a car, comprehensive car insurance is a must. It’s a necessary expense that will not only cover you for minor accidental damage, but could also be a relief financially should you find yourself in a major accident. The financial drain of paying for insurance monthly may seem overwhelming, however, there are ways to lessen the blow.

Here are great ways to save on your car insurance:

• Practice safe driving
  Having a good driving history, with no previous recorded incidents may have a positive effect on your monthly premiums and possibly save you some extra cash. You might qualify for a discount or reward after you have had a claims-free year with your insurance.
• Relook your parking area
  A safer parking spot could guarantee you a lower monthly premium. Some insurance companies give discounts if your car is parked in a garage or behind locked gates during the night.
• Compare
  Before making that switch or accepting your new cover with an insurer, you may want to compare your apples with other apples on offer. Comparing the types of covers available to you will help you pick the best one for your pocket – you can even get a broker to assist you, but keep in mind that you may need to pay them a fee.

• Relook your excess
  The excess plays a part in determining the monthly premiums you pay for insurance cover. Increasing your excess payable could help you make a saving on those monthly payments. However, it is important to make sure you can afford to pay your excess in the event that you need to claim.
• Choose your car wisely
  Insurance companies often see high performance cars as a high risk, which could result in having to pay a higher premium, especially if you’re 25 years and younger.
• Negotiate
  If you’re not happy with your premium, give your insurer a call. They could possibly work out an applicable discount based on your updated risk profile.

Having car insurance is the best thing you can ever do for your car and pocket. Make sure you’re covered accordingly and enjoy the benefits of #financialfreedom. If you’re not covered, get an online insurance quote today using the MiWay App.