Choosing A Car Insurance Provider

It is difficult to objectively decide which is the best car insurance provider in South Africa.

What is considered the best provider will vary from person to person depending on a number of factors. Cost, while an important factor, is not the only decider.

A motor insurer may be cheap, but do they provide the amount of cover you need? And remember that needs vary depending on the stage of life you are in. What a married person with a family requires from their car insurance provider will differ from what will suit a single person.

So clearly there’s a lot to think about besides whether your paycheck can support the monthly premiums. We have explained some of these factors here:

Checklist When Choosing a Car Insurance Provider That Meets Your Needs

Car insurance providerBudget: Most car insurance providers in the country will be able to offer you basic cover for your car. But will just an average cover meet all your needs?

The entry-level insurance cover, the cheapest currently available is the Third party cover only. As you cannot legally drive a car without insurance, many with a limited budget opt for this kind of policy.

Third party cover will only cover you in case your vehicle is involved in an accident and other people who suffer loss as a result will be compensated. However, your car will not be repaired or replaced.

Only Comprehensive cover will insure your car against all eventualities. This is obviously a more expensive cover and will mean higher premiums.

Employment: You may be wondering what your job has to do with the kind of cover you need but it let us explain.

If you work as a sales executive, you’re probably on the move all the time. If your car breaks down on your way to a client, you need a fast response. You will therefore want to deal with a car insurance firm with a reputation for quick rescue.

You will also be on the lookout for a car insurance provider who will arrange for a replacement car in case yours has been damaged in an accident and needs extensive repair.

Usage: How often do you use your car? The answer could be very rarely if you are a retiree or a housewife who works from home. Instead of going for a more costly average insurance policy you can think about getting a ‘pay as you drive’ cover such as the one offered by MiWay Insurance. This cover gives you a good range of benefits but costs less than the average car insurance cover.

Reputation: When looking for a car insurance provider you need to identify one with a trusted brand that is known for the quality of its products.

A recent survey came up with a list of the top ten car insurance firms in South Africa and here they are in no particular order: 1st for Women, AA, Auto & General, Budget, Discovery, Indwe, Mutual and Federal, Outsurance, Santam and Virgin Money.

It’s your choice at the end of the day, get online quotes and choose!

To get your own car insurance quote complete and send the form on this page

All info was correct at time of publishing October 1, 2018