Car Insurance South Africa
Insurance has become a necessity in South Africa. Almost 66% of
all vehicles on our roads are not insured! Therefore, even if you
are the most careful driver and are involved in an accident, chances are
good that the other vehicle is not insured. This will leave you to
foot the bill in order to repair damages to your car.
Alternatively you'd have to take legal action against the 3rd party and
hope they can pay, if you win the case.
financed your vehicle (new or used), it is a requirement of the bank or
financial institution that you insure the car comprehensively for the
duration of the agreement. Failing to meet this requirement could
have devastating consequences in case of a total loss. You will
still have to pay your monthly installment for the remainder of the
vehicle finance term, but will be without a vehicle.
car insurance, you want to ensure that you get the best cover for your
needs at the most affordable rate available. What factor has the
biggest impact on your monthly premium?
is: You, the insured.
where you live, the car you drive, your claims history (how safely you
drive) to name a few.
Comprehensive car insurance provides cover against damage to your
vehicle caused by an accident, fire, theft, hijacking, hail and
liabilities to third parties.
Cover (3rd Party, Fire & Theft) provides cover against fire and
theft as well as liabilities to third parties. Damage to your car
caused by an accident is excluded.
for 3rd Party Only cover, you are only covered for liabilities to third
How To Save on Car Insurance in South Africa
quotes from at least 3 companies or get a
broker to do
it for you.
your Motor Vehicle Excess
increasing the excess amount on your vehicle, most insurers will give you a discount on your premium. Be
sure that you can afford to pay the excess when you have to
use your car for Business Purposes
possible, insure your vehicle for private purposes only.
Business use will result in a higher monthly
premium. Most insurers will still give you a reduced
premium if you only need occasional business use.
you're not involved in any car accidents, you'll be paying a reduced
premium. After each claim-free year of insurance, you
might qualify for a discount at your current insurer. If
not, you could get a better premium at another insurance
a Low Risk Vehicle
performance vehicles are usually seen as a higher risk by
insurance companies (especially if you're under 25). The
replacement cost of parts is also more expensive.
Where Do You Live?
you live in a high risk suburb or in a city, you will pay a
higher premium on your car insurance due to the risk of your
vehicle being stolen or hijacked.
vehicle parked on the street is at higher risk of being stolen
than one parked in a locked garage. Some insurance
companies will give you a discount if your vehicle is parked in a
garage or behind locked gates at night.
an anti-hijack device, gear lock or tracking device in your
car. If your level of security is higher than the
requirement of the insurance company, you'll get a discount.
less people will be driving your car, it may result in a lower
monthly premium. This way it is easier for the insurance company
to calculate their risk.
insurers are flexible with their premiums. If
you're not entirely satisfied with the quote, ask for a
Whether you live in Johannesburg, Pretoria, Cape Town,
Bloemfontein, Durban or Putsonderwater, you can save on
Car Insurance Quotes
following form for quotes on your car insurance: