Cheap Car Insurance in South Africa - Top Strategies for Getting It

Cheap car insurance premiums in South Africa continue to be unattainable for most households. As if this was not enough, car insurance premium increases have been way above the inflation rates. There is no doubt therefore that car insurance premiums have become one of the biggest expenses for most households in South Africa and this will continue to be so for years to come. In this article, l want to discuss three very effective strategies that any household can use to bring its auto insurance premiums to reasonable levels.

Most of you may be aware that female drivers in South Africa get cheap car insurance premiums, sometimes, up to 40 percent cheaper than what a male driver would pay under similar circumstances. The strategy here is a very simple one. The female partner must be specified on the vehicle policy as the regular driver of the vehicle especially where the vehicle is driven by both partners on an equal basis. It doesn't matter whether you are legally married or just living together. You must however be careful not to do anything that may mislead the insurance company and ultimately invalidate your cover.

Secondly, emphasise your no claim bonus discounts properely if you want to get cheap car insurance premiums. For each year that you have been driving without claims while comprehensively insured, an insurance company will give you a discount known as a "no claim bonus" discount or NCB in short. Where most people miss it, is that they think that an NCB discount will only be given to them for policies that were in their names. This is far from the truth. Infact, whether you were driving a company car, parent's car, government vehicle or even a vehicle belonging to a non governmental organisation, you still qualify for NCB discounts if you were the regular driver of the vehicle.

You also easily get cheap car insurance premiums in South Africa if you take a higher excess. An excess is the uninsured amount that you have to pay everytime you submit a claim. Since one of the reasons behind having an excess is to make the premiums affordable, there is no doubt that you will get a low premium as you increase your excess. You however need to be careful and ensure that you can always afford the excess amount you have chosen. It is not always advisable to increase your risk unnecessarily.

Several strategies are taken into account when considering reducing premiums and l have mentioned just three of the most effective ones. These strategies have the greatest impact on premiums and with a proper implementation, you will in no time enjoy cheap car insurance premiums in South Africa.

by Khumbulani Phiri


Check Out the Related Article : Auto Insurance For Teens