With the petrol price having gone up again last week, you almost need another guaranteed source of income to afford to drive.

 

The petrol price was increased by R2,43 for 93 and R2,33 for 95 petrol classes, while diesel was increased by R1,07. This adds fuel to the fire as South Africans have already been paying a steep petrol price of R21.84, and R21.99 for diesel since March of this year, further pushing up the cost of living.

 

Instead of signing up your car for fast food deliveries in your spare time to raise the funds needed to keep it running, you can reduce monthly expenditure on a recurring cost that you need to have anyway if you have a car under your care. If delivering fast food or carpooling with colleagues to share travelling costs and save money are not an option, you need to look for a more practical method. Motor insurance in this day and age gives you the chance to save when you drive less.

 

Isn’t it about time your insurer looks at the kilometres you drive every month when billing you? If your insurer allows you to pay per kilometre - meaning that you pay less when you drive less - you get to save on fuel and insurance, which would most probably come in handy.

 

Head of MiWay Blink, Keletso Mpisane  says, “The pay-as-you-drive motor insurance model helps customers get better service because they pay in line with their actual risk profile. This gives them the added advantage of controlling their motor insurance budget throughout the month by monitoring their driving.”

 

With many people working from home more than ever, their mileage has gone down and consequently so has the risk of them causing an accident.

 

“We use the GPS to count the kilometres that you are driving. 'This assists us in determining how much you should be paying for your insurance premium - it reflects actual usage, rather than a set figure that applies to everyone,”  Mpisane adds.

 

She advises that if your current routine allows you to drive less, you should look into this insurance model and switch to an insurer that offers rewards for limited driving.

 

A digitally-based insurance service, such as that offered by MiWay Blink, may provide a cashback

on the premium paid if one drives less than 2 500 km per month.

 

With the world changing as rapidly as it has in the last few years, you need to acknowledge that you can’t undo the change, but you can only control what is within your powers. The amount you spend on motor insurance monthly is one of the things you can control - so look into it and make it work for you, and not the other way around.