MiWay Car Insurance Review 2023

Published by
Lethabo Ntsoane

MiWay car insurance is vehicle insurance with monthly premiums starting at R547.00. The MiWay car insurance includes a cash back benefit, with up to 50% of premiums returned in cash with MiWay Blink. There are several types of car insurance policies to choose from which include:

  • Comprehensive insurance cover;
  • Third-party, Fire and Theft;
  • Third-party Only; and
  • Total loss insurance cover.

MiWay Car insurance allows clients to choose the values that they want to insurance their vehicles for. Clients can insure their car for the following values:

  • Retail value.
  • Market value.
  • Trade value.
  • Special agreed value.

MiWay is well-known for its fast quoting and excellent service, and the MiWay Car Insurance solutions are no different. With an increase in car hijackings, accidents, and theft, it is more important than ever to find a reputable car insurer. Hellopeter ranks the company as one of South Africa’s top insurers. MiWay has a 4.5/5 rating based on 88,900 customer reviews on Hellopeter.

Since claims and quotation requests are handled quickly, the company’s trust index is quite high. MiWay is South Africa’s first direct insurance provider to offer online short-term policy purchasing and administration.  Customers can now purchase car insurance through the Miway their website.

To help you better understand the MiWay Car Insurance, we’ve broken it down into sections below.

MiWay Car Insurance Covers

MiWay Comprehensive Car Insurance

The MiWay Comprehensive car insurance provides the most comprehensive coverage. The product covers theft and hijacking, as well as damage from an accident, fire and explosion, and natural disasters. Comprehensive car insurance also covers damage to the vehicle’s windows and liability to third parties in the event of an accident.

Intentional damage to one’s motor vehicle is covered by MiWay’s comprehensive cover.  Intentional damage may consist of one or more of the following:

  • Dent by a third party,
  • Damage to the car or its accessories by bypasses,
  • Car getting damaged by a protestor,
  • Car getting hit by another car intentionally and more.

MiWay comprehensive car Insurance is not like any other comprehensive car insurance product. The cover offers customers the following:

Insurance premiums that are affordable and fit into one’s budget. You will not go over budget or become over-indebted.
Policyholders can manage their policies online via the MiWay customer portal, which is accessible through the MiWay website or the MiWay App.
Constant communication about one’s vehicle insurance policy.
The car insurance products include an easy-to-understand excess claims structure.
By purchasing comprehensive car insurance, policyholders receive free 24-hour roadside assistance in emergency situations.
MiWay’s take me home driver service is available to policyholders.
The claim process is simple and can be completed via the MiWay website or the MiWay mobile App.

MiWay Third-Party, Fire and theft car insurance

MiWay third-party, fire, and theft car insurance is designed for customers who require less coverage than comprehensive car insurance. Third-party, fire, and theft insurance only protects you against car theft, fire-related damages such as explosions, and damage to another person’s vehicle in the event of an accident.

MiWay’s third-party, fire, and theft car insurance does not cover accidental damage to your own vehicle. You will be responsible for repairing or replacing your own vehicle if you sustain damage in an accident. The MiWay third-party, fire, and theft car insurance has lower premiums payable when compared to the MiWay comprehensive car insurance.

MiWay Third-Party Only Car Insurance

MiWay Third Party only car insurance is a type of car insurance that protects you against third-party property damage. The coverage pays out on damaged property caused by your own vehicle to the extent that you are legally liable for the damage. The third-party only car insurance product is less expensive than the third-party, fire and theft car insurance and comprehensive car insurance. Third-party car insurance does not protect one’s own vehicle from accidental damage, nor does it protect the vehicle from damage or loss caused by natural occurrences.

MiWay Total Loss Car Insurance

MiWay total loss car insurance is a one-of-a-kind car insurance product that only covers clients for the total loss of their vehicle due to write-offs, theft or hijacking, and third-party liability. The third-party liability coverage on total loss car insurance is limited and does not cover all damages to third-party property. 

When it comes to coverage, total loss car insurance has limitations. Accidental damage that does not result in the total loss of a vehicle is not covered. As a result, a vehicle must be written off in order for a claim to be processed. This product can be combined with other products to improve coverage.

Advantages of MiWay Car Insurance

  • One can get covered fully online.
  • There are a number of covers to choose from.
  • Policyholders can get up to 50% of their premiums back with MiWay Blink
  • There is a total loss car insurance product that is not offered by many insurers.
  • Roadside assistance is available at no additional cost to the policyholder.
  • With the comprehensive cover, one doesn’t need an optional cover for window protection.
  • The cover amount can be optimised according to the policyholder’s needs.

Disadvantages of MiWay Car Insurance

  • One has to pay premiums even when an insured vehicle is parked for over a month.
  • There are a few add-ons available.

Conclusion

South Africans now have a wider range of insurance products to choose from thanks to the MiWay Car Insurance solution. The products are available to meet the needs of various South African motorists. Furthermore, they include complimentary benefits. Customers can take advantage of benefits such as take me home service and 24-hour roadside assistance at no additional cost.

MiWay is ranked as one of the top insurers on HelloPeter, and one should not underestimate the company’s tenacity and desire to provide excellent service to its customers. When customers subscribe to MiWay’s car insurance products, they can expect excellent service.

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Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo