Last Updated: 14 Nov 2018
Apart from some obvious ways of reducing your car insurance premiums, such as insuring your car for Market Value instead of Trade Value – you could simply switch to one of the cheap car insurance companies in South Africa. Most car insurance companies will offer you an improved premium on the initial quoting phase and if you are lucky, they should only increase your premiums if you make a claim or once a year in-line with inflation.
N.B. Your information is confidential, and will never be sold or rented to anyone. It is only used to provide you with the best possible insurance quote based on your personal criteria.
If you have been unfortunate, and find that your premium has increased to an amount that you find unacceptable, then you might want to consider shopping around for cheap car insurance quotes from a few different insurers in South Africa. Obviously you are one of those pro active people who is making an effort to find cheaper alternatives – but for many, the process of having to find new quotes is unbearable. And car insurance companies know this and too often people pay far higher premiums than they should be paying.
You’ll have noticed the cost of your car insurance increasing every year. In most cases the increase is far higher than an inflationary increase and in some cases it is as high as 20%. When questioned about this increase, the insurance companies representatives explained that it was due to a weakened Rand and the repair and/or replacement costs for accident damaged vehicle is therefore higher as the cost of replacing crash damaged parts is high.
Thankfully we can provide at least a few of the cheap car insurance quotes to you by leaving your details in the form below.
South Africans are wishing for cheaper car insurance quotes
Car insurance, or vehicle cover as some call it, is something you need if you own a car. It can save you a lot of time and frustration if you ever find yourself in a car accident. If you’re looking for a cheap car insurance quote, you can fill out your details here.
South African motorists are at the mercy of the economy when it comes to finding cheap car insurance because a lot of manufacturers import their car parts. This fact hits home when you realise the Rand has depreciated over 50% in the past 2-3 years. This pushes parts prices sky high, along with your car insurance premium. It’s a ripple effect that carries on through from tow truck services to having your car repaired.
Are you looking for affordable car insurance?
It can be difficult and tedious to get car insurance quotes from several insurers. You have to speak to each insurer individually and spend up to an hour on the phone giving them your personal details and negotiating the price of your monthly premium and excess. The truth is, the economy is no where near as great as it used to be and car insurance companies need to reinvent what car insurance is all about. The industry needs cheap car insurance that real people can afford on the very real tight budgets that the economy has put them in.
Cheap car insurance is essential for drivers being put under mounting financial pressure
It’s becoming abundantly clear that South Africans need cheap car insurance. The cost of ownership of a car for an average middle-income earner can range anywhere between R4500 to R6000, which is a big sum considering that’s between a quarter and a third of the earner’s salary. This includes petrol which has been increasing more and more each year to the point where petrol is now over R16 a litre. This is the most expensive petrol has ever been in the history of South Africa. In addition to this, the government has increased the fuel levy for the first time in years, compounding the issue.
Car maintenance is another big hurdle involved in the cost of vehicle ownership. Servicing and the cost of replacement parts can be anywhere from R1000 or more depending on where you get your car serviced. Doing it through the dealer you bought your car from will always be more expensive because you’re paying for original parts. You’re essentially paying for the name in the same way you pay more for branded clothing versus non-branded clothing. Servicing your car at an independent service centre is the equivalent of non-branded clothing. Just be sure to check that you’re servicing your car at a reputable independent service centre because there are some that try to make a quick buck by replacing parts with older parts.
Car insurance is the most varied cost in the whole car ownership equation. Comprehensive car insurers use something called risk profiling when giving a person a car insurance quote. This risk profiling takes into consideration so many details such as where you live, how old you are, whether you’re married or not, where the car is parked (day or night), how much security is involved in keeping the car safe and how long you’ve been driving for…just to name a few. It’s a system that isn’t fair to poorer motorists since a lot of the requirements, such as security and where you live, require earning a higher salary and since less security is a bigger risk, comprehensive car insurers charge poorer motorists a higher premium.
Can cheap car insurance offset the effects of South Africa’s poor road maintenance
Many of South Africa’s roads are poorly maintained by the government, leading to an average of 13 000 – 14 000 deaths on our roads a year. The culprits behind increased car insurance claims are potholes, faded road markings and signs, and faulty or broken traffic lights. In addition to this, many motorists believe the rules of the road don’t apply to them. Coupled with ineffective policing, this further compounds the issue. Comprehensive car insurers need to tackle this issue by providing a cheaper car insurance package that adds real value and protection to motorists and their cars.
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