Affordable Car Insurances for South Africans

When looking at affordable car insurances, there are a few factors to consider to help you pick the best option.

Look at the quotes

The most important part in finding the affordable car insurance in South Africa is to get as many car insurance quotes as possible. When you look at the quotes you need to look further than just the cost of the premium; some companies may have hidden or higher admin and finance costs than others.

Research the company

In your hunt for affordable car insurances, it is also necessary to study or research the car insurance companies. Looking at the car insurance companies and their performance will give you a clear indication if you are searching for a company that will care for your needs. Bigger companies sometimes offer lower premiums because they have a wider client base with changing risk profiles. This difference in risk profiles often gives them the opening to give you more affordable car insurance.

Study the minimum requirements

Every insurance company has requirements as part of their policies; some only require immobilisers while others may require smash and grab window covers or even a tracking system. To get cheapest car insurance, you need to ensure that you comply with these requirements. Another way to lessen costs is to pick insurance that has the minimum extra needs.

affordable car insurances

Look at the claims payout percentage

To ensure that you choose affordable car insurances it is also vital to look at the insurer’s payout ratio. The payout ratio is a good sign that you are making the right choice. A lot of cheap car insurance comes from companies with a weak claim payout percentage; which means you pay for the insurance but when it comes to paying your claims they search for reasons not to pay it.

Are there any bonuses?

Some of the companies that provide affordable car insurance quotes also offer added extras like cash back on your fuel spend, cash bonuses or even GPS systems. If you look at our high fuel price; getting cash back on your fuel spend might just help you get through the month more easily. A free GPS system might just help you to reach your endpoint faster and safer, which in turn will save you money too.

Heed the words of others

It is always wise to look at reviews of the companies on websites like Hello Peter. There you will find comments both good and bad. Using this form of media while you are looking for affordable car insurances is a good way to ensure that you land the best deal. The companies that received the most negative comments were online cheap car insurance companies; whereas the bigger, more mature companies got the most positive feedback.

Conclusions about affordable car insurances

When you want to ensure that you receive the most affordable car insurances, it is important to look at all aspects of the insurer, not just the quote. Only picking the cheapest quote might land you in the hot water when you want to claim.

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All info was correct at time of publishing June 18, 2018