In South Africa, car insurance is an extra cost carried by the driver or owner of every motor vehicle – whether it’s bikes or cars, trucks or scooters. This additional cost is only mandatory in instances where vehicles are ordered through A financing house – there are not any other rules stipulating a driver must certanly be in possession of current insurance when driving your own motor vehicle.
In places such as the USA, however, motor insurance is a component and parcel of driving or owning any vehicle. Being caught driving a vehicle without valid and current insurance is a punishable offence.
While us South Africans might consider ourselves “lucky” for the reason that valid insurance is certainly not a pre-requisite, we must remember the implications of not actually having insurance (LINK).
That being said, motor vehicle insurance is certainly not always cheap, nor affordable. That’s why we’ve looked around to locate a few of our countries’ cheapest car insurance companies.
While this is not the state ranking, it is safe to express that these companies can and likely will offer you you an aggressive quote.
If you’re not feeling up to needing to undergo the questions, tedious confirmations and safety checks. Another option to consider when trying to spend less on your monthly motor insurance, is to choose to work through an insurance coverage broker. They are independent bodies who will source and negotiate the greatest costs for you – they’re the guys that do the dirty work.
Without further ado, here’s our range of South Africa’s most budget-friendly car insurance companies!
Cheap Motor Insurance Companies South Africa
Prime Meridian Direct
What do they have to say?
“South African motorists need innovative, tailored car insurance items that are affordable and cost-effective. However, you describe it, car insurance similar to this could help an incredible number of South African motorists. The South African Rand has depreciated by more than 60% within the last few three to four years. Consequently, the price of imported vehicle parts has sky rocketed, steeply pushing up the price of vehicle repairs plus the average car insurance claim amount along with it. In addition, the price tag on vehicle recovery and salvage has risen dramatically too with as much as 40% associated with average R20 000 claim visiting the cost of having the vehicle from the site for the accident to your repairer.”
MiWay Car Insurance
The thing that makes MiWay get noticed?
“Affordable premiums. An easy-to-understand excess structure. Great customer support – and also the capacity to manage your policy yourself online. A hassle-free claims process – claim online or via our App. Free roadside emergency assistance *. Free WeDrive (MiWay’s take-me-home service) trips *”
King Price Insurance
So what does KingPrice have to give?
“We realize that auto insurance is a grudge purchase but, with 10 million cars on the highway in South Africa, it’s important. So, we you will need to make the “eina” from your insurance options. You’ll discover that we don’t take ourselves too seriously but we take everything we do very seriously… Like offering the same comprehensive insurance policy as everybody else, just at our cheapest possible price, and always with your own special make of award-winning royal service. You can expect value-for-money and service with a smile. So just why pay more??”
Old Mutual iWyze
What do they have to say about themselves?
“You have high standards with regards to your car or truck, so choose Old Mutual iWYZE as the wise and experienced insurance partner to help keep you into the winning league with reliable car insurance at affordable premiums, real benefits and a fantastic Cash Back Bonus. Whether you drive a car or truck, bakkie or 4X4, ride a motorcycle, or travel with a trailer and caravan, stay on the road to success with iWYZE as your trusted travel companion.”
“Our auto insurance product provides you with more than that which you bargained for! Car insurance cover comes standard with a selection of benefits, such as for example a fixed excess, 12-month guaranteed premiums, fast claims settlement and a cash OUTbonus of 10% of the paid premiums back after three claim-free years. We also cover hail damage as standard and you can get free Help@OUT roadside emergency assistance, 24/7, whether you’re stuck with a flat tyre or you’ve run out of fuel.”
Whether you’re still considering insurance overall, or looking around – make sure you will get at least 3 quotes from various insurers. Compare each insurer’s quote to see what they will certainly offer in comparison to just how much they will charge a fee, and decide only after that what is going to work for you best. For connecting with insurance brokers, and why don’t we do the hard work for you, click here to obtain in contact! The opinions reflected when you look at the article are not too associated with the publisher. There is absolutely no official ranking associated with the cheapest insurer. No official research was conducted when compiling this list. We usually do not accept responsibility from any issues arising from any quotations accepted, predicated on this informative article.