There are many factors that determine the cost of your car insurance, such as the cost of your car, your gender, marital status, driving experience and the distance you regularly drive. But did you know that there are many other factors that also play a role?
Keletso Mpisane, head of car insurer MiWay Blink
While insurers calculate premiums based on a client’s personal risk profile, factors such as the cost of car parts, the condition of SA’s roads, and political unrest in other parts of the world can impact your motor insurance policy, too. On the positive side, exciting tech advances being employed in the car insurance industry are saving time and money, and enhancing the customer experience.
Possible increases in repair parts
Car insurance premiums are calculated based on a number of considerations, such as your driving history, age, gender, car make, paint type, and optional…
