With the rising cost of living it’s becoming more challenging to keep abreast of expenses. Having car insurance is something that shouldn’t be taken for granted. Just over a third of cars on South African roads are insured, while there are over 10 million cars on the roads. This is another factor that continues to drive car insurance costs up. For this reason, more people are looking for as many ways as possible to save.
Here are a few things you can do to get cheap car insurance:
- Drive a low-risk car
Driving a new car will mean that you will need to get comprehensive insurance. This is the most expensive type of insurance. By driving a low-risk car you will also be regarded as less likely to be a risk for car theft.
- Drive Less often
A simple effort to lower your annual mileage could save you hundreds of Rands. Remember that an insurance underwriter is concerned with just one question: How likely are you to cause an accident and cost them a lot of money?
When you’re not in your car, you’re not a risk to your insurance company. Consider “Pay-As-You-Drive” insurance options if you drive less often.
- Improve your credit score
People who have higher credit scores tend to be more careful with their money, so it correlates that they will also be more careful on the road. This means that they are less likely to cause an accident. This may result in you getting cheap car insurance.
- Shop for a better rate annually
Remember to do this every year. Consider any major life changes that will affect your premium. Compare three providers to save considerably.
- Request every discount possible
There are discounts that you can qualify for, such as occupational discount, paperless statement discount and even a garage parking discount.
