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MiWay is not just for grannies

Who cares that it’s a granny, it’s cool because it’s animated. Right? The “rewards your way” insurer decided to do things a little differently to other direct short-term insurers, by allowing them to purchase and manage their car and home insurance policies online. What’s more, the MiRewards programme guarantees insureds a bonus even if they claim. Insureds get paid a premium refund when they turn out to be a better risk than originally assumed.

MiWay Vehicle Insurance

Unlike other insurers, who base your premiums on demographics and averages (which assumes your like everyone else your age), MiWay enables you to lower your premiums by monitoring your driving style with the MyDriveStyle product. A device installed on your vehicle monitors kilometres spent on the road, driving speeds, as well as braking and accelerating behaviour to more accurately measure your risk to them.

What’s more, MiWay’s car insurance guarantees fixed premiums for three years. Insurers increase insurance premiums year on year to keep up with costs of inflation. Fixed premiums eliminate this hassle.

MiWay Home Insurance

MiWay buildings insurance protects the structure of your home and outbuildings, such as driveways, domestic quarters, swimming pools and other fixtures on the same property as the home. This cover protects the home from perils such as fire, floods, lightning, burst geysers and other risks to permanent structures. MiWay’s home insurance can be taken out for thatched roofed homes, provided the premises are fitted with an SABS approved lightning conductor.

Miway Contents Insurance

Even if your home does not have adequate security, Miway still provides home contents insurance by means of their extended theft cover. This cover also protects those homeowners who travel frequently, leaving the home unoccupied for 60 consecutive days. The contents cover may also include personal liability insurance, indemnifying against damages to the value of R5 million suffered by third parties.

Miway Possessions Insurance

An unspecified All Risk cover option may be taken out for all portable possessions under the value of R1,500. For those possessions of higher value, a Specified All Risks insurance policy can be opted in for.

Miway insurance is not one of insurance.co.za‘s insurance suppliers. We cannot offer you quotes from them.