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Pay less for car insurance - if you're a good driver and/or you don't drive much

9 August 2021 6:54 PM
Tags:
The Money Show
Bruce Whitfield
Insurance
Personal finance
car insurance
MiWay
Arabile Gumede
vehicle insurance
behaviour-based vehicle insurance
MiWay Blink
Christiaan Steyn

Arabile Gumede interviews Christiaan Steyn, Head of at MiWay Blink.

South Africa, and the world, are entering a new era of behaviour-based vehicle insurance.

The idea is to reduce dependence on generic information such as age and gender and to replace that with real-world data.

Arabile Gumede (in for The Money Show’s Bruce Whitfield) interviewed Christiaan Steyn, Head of MiWay Blink (scroll up to listen).

© liorpt/123rf.com

There are no phone calls or paperwork… you can get a car insurance quote in less than a minute.

Christiaan Steyn, Head - MiWay Blink

Consumers expect that your car insurance premium should be linked to how much you drive, and rightly so… We track your trips, and at the end of the month, based on how much you drove, you get cash back…

Christiaan Steyn, Head - MiWay Blink

It’s a fairer way to charge each individual… Behaviour-based insurance is the way the industry is going… It helps us incentivise good driving behaviour… and reduce fatalities on South Africa’s roads.

Christiaan Steyn, Head - MiWay Blink

This article first appeared on CapeTalk : Pay less for car insurance - if you're a good driver and/or you don't drive much




9 August 2021 6:54 PM
Tags:
The Money Show
Bruce Whitfield
Insurance
Personal finance
car insurance
MiWay
Arabile Gumede
vehicle insurance
behaviour-based vehicle insurance
MiWay Blink
Christiaan Steyn

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