Online Services

 

  Life Insurance

 

  Car Insurance

 

  Finance + Loans
    Home Loans
    Medical Aid
    Vehicle Finance
  Flights   Book Flights
Short Term Insurance    |    Life Insurance    |    Investments    |    Medical Aid    |    Companies    |    News    |    Resources
     

Home Loan Insurance

Enables homeowners to maintain monthly bond repayments in the event of illness, disability + death. From only R80 a month.

 

How Much Life Cover?

Not having enough life cover is just as dangerous as having no life insurance at all but how much do you actually need?

     

Personal Insurance

 

Medical Insurance

Funeral Insurance

Legal Insurance

Pet Insurance

Life Assurance

Credit Life Insurance

Bond Insurance

Travel Insurance

Commercial Insurance

Financial Advice

Investments

 

 

Car Insurance

Comprehensive Cover

Limited Cover

3rd Party Only

Household Insurance

Homeowners Insurance

 

 

Multi-Prof Brokers

Find an Advisor

 

 

1Life

SANLAM

Life Insurance Calculator

No Medical Life Insurance

 

 

Complex Wills

Will & Testament

 

Hints & Tips

 

Insurance Quotes

Insurable Interest

Insurance Ombudsman

Insurance Companies

Life Insurers

Short Term Insurers

 

Explanations

 

Under Insurance

Personal Accident Cover

Personal Legal Liability

Extended Liability (PLIP)

Knock for Knock

Market Value Calculation

No-Claim-Bonus

Pro Rata Premium

Excess

SASRIA

 

 

Insurance Directory

Financial Directory

Health & Medical

Financial Services Board

Insurance Brokers Council

Insurance Fraudline

Find an Advisor

ITInews

SAIA

 

 

 

 

 

Insurance Quotes South Africa

[ Get an online quote ]  

 

When obtaining insurance quotes in South Africa for car insurance or household possessions, the following factors could have an influence on your insurance premium:

 

Household Insurance Quote (For the contents of your home)

 

Residential Area

If you live in a high risk area, insurance companies will load your premium accordingly.  You would therefore pay a higher premium for the same amount of cover than someone living in a low risk area.

 

Roof and Wall Construction

A residence with a non-standard roof (e.g. thatched roof) or walls is a higher risk than a standard residence, and will be rated accordingly by an insurance company.

 

Security Measures

Based on the area you live in, insurance companies will stipulate the minimum security measures required at your residence.  You can get a discount on your insurance quote when your security exceeds the minimum requirement.

 

Type of Cover

Generally, your house contents are covered against fire, theft, water, wind and storm damage.  In order to reduce the rate on your insurance quote, you can exclude burglary and theft cover, or exclude flood damage (not recommended though).

 

No Claim Bonus (Claim-free Years)

Your insurance history will also have an influence on your insurance quote.  First-time insurers pay more for insurance cover compared to someone with proof of insurance.  The discount is calculated in accordance with the claim-free years you've been insured.

 

Voluntary Excess

With most insurance companies, you can increase your excess in order to reduce your monthly premium.  A voluntary excess refers to an additional amount you're willing to pay when a claim arise.  This amount will be added to the basic excess of the policy when you submit a claim.  A higher voluntary excess will result in a lower insurance premium.

 

Car Insurance Quote

 

Residential Area

As with household insurance, your premium will be calculated based on the area you live in.  Based on statistics compiled by insurance companies over many years, certain areas are at higher risk for theft and/or hijacking of vehicles.

 

Your Vehicle

If you drive a high performance vehicle, you're a higher risk for the insurer and will end up paying more or be refused insurance cover due to the risk.  The cost and availability of parts for your car will also be reflected in your insurance quote.  You pay higher premiums on imported cars and certain makes and/or models.

 

Your Age

The age of the registered owner and/or driver play a huge role when it comes to insurance quotes.  Younger drivers tend to be involved in more accidents than older drivers.  They have less experience driving on South African roads, tend to be less responsible drivers etc.

 

Type of Cover

The cover you select for your vehicle will also have an influence on your insurance quote.  Comprehensive cover being the most expensive, then 3rd Party, Fire and Theft, and lastly 3rd Party only.

 

Use of your Car

If you use the vehicle mainly for private purposes, you'll pay less for insurance compared to someone using his/her vehicle for business purposes.

 

No Claim Bonus (Claim-free Years)

Your insurance history will also have an influence on your insurance quote.  First-time insurers pay more for insurance cover compared to someone with proof of insurance.  The discount is calculated in accordance with the claim-free years you've been insured.

 

Voluntary Excess

With most insurance companies, you can increase your excess in order to reduce your monthly premium.  A voluntary excess refers to an additional amount that you're willing to pay when a claim arise.  This amount will be added to the basic excess of the policy when you submit a claim.  A higher voluntary excess will result in a lower insurance premium.

 

Security Measures

The type of vehicle and residential area will determine what security measures are required for your car.  If your security exceed the minimum requirement of the insurance company, you could be eligible for a discount.  In general, insurance companies only give discount for immobilisers (VESA or VSS approved), gearlocks (VESA approved) and tracking devices.

 

Extras

If you have any non-standard extras on your car, you will pay an additional premium for the extras and is generally reflected on your quote.  Extras could be air-conditioning, sunroof, mag wheels, car radio/cd shuttle, leather seats, canopy etc.

 

Additional Cover

Your insurance quote would generally be based on the basic cover of the insurance company.  Additional cover can also be obtained (at a premium of course!).  Examples would be car hire, top-up cover (credit shortfall), roadside assistance, waiver of excess etc.

 

Short Term Insurance Quotes:

 

 

Insurance Newsletter

 

E-mail

 

Name

   Sign Up
 

 

Medical Fund | Netstar | Car Insurance Quotes | Life Assurance | Bond Insurance | Lewensversekering

Travel Insurance | Medical Scheme | Hospital Plan | Life Insurance | Home Loans | Motorversekering

Copyright www.insuranceza.co.za  | Insurance South Africa | All Rights Reserved       Contact us:  info [at] insurance.za.org

No material may be published or reproduced in any form whatsoever without prior written permission.

Reliance on the information contained in this site is at your own risk.

 

Terms of Use  |  Disclaimer  |  About Us

hit counter