If you are looking to get cheap auto insurance you need to consider making a few changes which could save you a significant amount of money. Even though this type of insurance in South Africa doesn’t really come cheap, there are ways to work around it and to save quite a bit.
Most motorists in South Africa are driving around without any form of auto insurance. This is one of the reasons that getting this insurance can be quite expensive.
Here are a few tips on how to get cheap auto insurance:
Limit the number of people allowed to drive the car
The more people who are covered by a policy, the more it’s likely to cost. Young drivers are particularly expensive to insure. It may actually be better to add the name of an older, more experienced driver to your policy.
Request a higher excess
This could result in a reduced premium. If you choose to pay a higher excess amount you could end up paying a lower insurance amount.
Avoid having to pay a brokers’ commission.
By using intermediaries you could end up paying up to 30% more. You can take advantage of the online opportunities made available by various insurance providers.
Cars worth less have smaller engines qualify for lower insurance costs. If you drive a high performance car you are more likely to pay much higher. This is mainly because expensive cars cost more to repair so the insurance company will regard you as a high-risk individual.
Park your car in a garage
If you park your car in a garage you can save up to 10% off your premium
Don’t assume that Third Party Cover is cheaper
This may not always be cheaper than Comprehensive Cover.
Pay a lump sum
By paying an annual lump sum you could save more.