Insurance is a must-have, but our savvy money-saving tips could help you pay lower premiums.
Everyone should have insurance, but those monthly premiums can really add up! Don't worry though, we've got your back with savvy money-saving tips to help you score lower insurance costs on your car, home contents, and even life insurance. This way, you can learn how to protect what matters most without breaking the bank.
How to save on car insurance
If you’re thinking about getting a new car, compare the insurance premiums before you buy it. If your vehicle is cheaper to repair, many insurers will offer you a lower premium.
If you’re already behind the wheel, consider where you park your car. You’re likely to pay a higher premium if you’re leaving it on the street at night in a high-risk area versus locking it up in a garage or behind a gate. You can also boost your car's security with a tracking device or immobiliser – insurers love that! Another way to save? If you buy your vehicle insurance from MiWay online, you’ll get one premium back after three months!
How to save on home contents insurance
Think about all the belongings you have at home – that flatscreen TV you saved up for, your precious engagement ring and your favourite comfy couch. Now imagine it’s burned to the ground in a fire. Dramatic, yes, but it can happen. If there’s anything you’d want to get back ASAP, but couldn’t afford to replace it immediately, you’re going to want to insure it.
If you choose MiWay’s Home Contents Insurance, you’ll already be paying an affordable premium with a low flat excess. However, did you know that you might pay even less by improving your home’s security with things like burglar bars, a security system or a smoke alarm? Becoming more savvy about home security is always a smart move. Not only would you be protecting your home from a potential robbery or fire, but insurers are more likely to offer you a low premium.
How to save on life insurance
Want to save big on life insurance? Buy it today! The younger and healthier you are when you purchase life insurance, the lower your premiums will be. Also, there’s a reason why life insurance companies ask you about your health – it’s to ascertain your risk. Those who lead a healthy lifestyle by maintaining their weight, managing chronic conditions and choosing not to smoke typically enjoy lower premiums.
Another way to save? Look out for insurers that give you more benefits for your buck. At MiWayLife, all our life insurance policies are 4-in-1. They include funeral cover for you and the option to include your extended family members as well as an accelerated Terminal Illness Benefit – all for one low monthly premium. Many think life insurance is expensive, but they’d be wrong. At MiWayLife, you can get R500 000 in life cover from just R164 per month!
The Bottom Line
Many people consider insurance a grudge purchase but, more often than not, it's actually a smart way to save money in the long run. Better yet, you don’t have to pay a high premium to get the coverage you need and can even use our tips to reduce them further. So, why not get a quick quotes from MiWayLife and let us surprise you with our great service and affordable premiums?
Did you know:
You can now take out life cover with us online in a few simple steps. No calls and no agents! Make sure to take care of those you love today by buying MiWayLife cover online.
