In South Africa, car insurance is yet another cost carried by the driver or owner of any motor vehicle – whether it is bikes or cars, trucks or scooters. This additional cost is only mandatory in instances where vehicles are ordered through A financing house – there aren’t any other rules stipulating a driver must certanly be in possession of current insurance when driving your own motor vehicle.
In places including the USA, however, motor insurance is part and parcel of driving or owning any vehicle. Being caught driving a car without valid and current insurance is a punishable offence.
While us South Africans might consider ourselves “lucky” in that valid insurance is not a pre-requisite, we need to recall the implications of failing to have insurance (LINK).
That being said, motor vehicle insurance is not always cheap, nor affordable. That’s why we’ve looked around to find a few of our countries’ cheapest motor insurance companies.
While this is certainly not the state ranking, it is safe to state that these companies can and likely will offer you a competitive quote.
If you’re not feeling as much as having to undergo the questions, tedious confirmations and safety checks. An alternative choice to take into account when attempting to spend less on your own monthly auto insurance, is always to prefer to function with an insurance coverage broker. These are generally independent bodies that will source and negotiate the most effective costs for you – they’re the inventors that do the dirty work.
Without further ado, here’s our range of South Africa’s most budget-friendly motor insurance companies!
Cheap Car Insurance Companies South Africa
Prime Meridian Direct
What do they should say?
“South African motorists need innovative, tailored motor insurance products which are affordable and cost-effective. However, you describe it, car insurance such as this could help millions of South African motorists. The South African Rand has depreciated by significantly more than 60% within the last few 3 to 4 years. Consequently, the price tag on imported vehicle parts has sky rocketed, steeply pushing up the cost of vehicle repairs as well as the average auto insurance claim amount along with it. In addition, the price tag on vehicle recovery and salvage has risen dramatically too with up to 40% for the average R20 000 claim visiting the price of obtaining the vehicle from the site associated with accident to the repairer.”
MiWay Car Insurance
What makes MiWay stand out?
“Affordable premiums. An easy-to-understand excess structure. Great customer service – and also the capability 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
What does KingPrice have to give you?
“We realize that car insurance is a grudge purchase but, with 10 million cars on your way in South Africa, it’s important. So, we make an effort to use the “eina” out of your insurance options. You’ll find that we don’t take ourselves too seriously but we take everything we do very seriously… Like offering the same comprehensive insurance cover as everybody else, just at our cheapest possible price, and always with this own special make of award-winning royal service. We offer value-for-money and service with a smile. So why pay more??”
Old Mutual iWyze
What do they have to say about themselves?
“You have high standards when it comes to your vehicle, so choose Old Mutual iWYZE as your wise and experienced insurance partner to keep you within the winning league with reliable auto insurance at affordable premiums, real benefits and a great Cash Back Bonus. Whether you drive a car, 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 gives you a lot more than everything you bargained for! Motor insurance cover comes standard with a range of benefits, such as for example a hard and fast 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 get free Help@OUT roadside emergency assistance, 24/7, whether you’re stuck with a flat tyre or perhaps you’ve come to an end of fuel.”
Whether you’re still considering insurance overall, or shopping around – make sure you will get at least 3 quotes from various insurers. Compare each insurer’s quote to see just what they will certainly offer in comparison with exactly how much they will charge you, and decide only from there what will suit YOUR needs best. For connecting with insurance brokers, and why don’t we perform some hard work for you personally, just click here to get in contact! The opinions reflected when you look at the article are not that of this publisher. There’s no official ranking of this cheapest insurer. No official research was conducted when compiling this list. We usually do not accept responsibility from any issues as a result of any quotations accepted, based on this short article.