How car insurance premiums are determined:

  • Vehicle type and age
  • Your age
  • How long you’ve been driving
  • Where you park your car
  • What you use your car for
  • Where you live
  • Your job
  • How often you drive the car

These factors, along with your credit record, your affordability and also the type of cover you get are also used to determine the premiums for which you are quoted.

How much car insurance cover do I need?

It’s important to make sure that you are adequately covered. You need to make sure that the type of cover you get is suited to your individual needs and that you can afford to keep up with premiums.

New cars are usually covered based on retail value. If you are financing your car through a bank or through another financial institution, you will probably be required to get comprehensive insurance cover.

Used cars are usually insured based on market value.

Where can you get car insurance quotations?

South Africa has a number of reputable insurance providers, such as:

  • Auto & General
  • Budget
  • Dial Direct
  • 1st For Women
  • Hollard
  • King Price
  • MiWay
  • Momentum
  • OUTsurance
  • Santam
  • Virgin Money

How you can get the most from car insurance quotations:

Make sure that you read the fine print carefully.

Be clear about the type of cover you are getting so that you have adequate covering for your specific individual needs.

Make sure that you submit your claim within the stipulated time period so your claim is paid.

Make sure that you compare more than 3 quotations.

What are the benefits of getting an online car insurance quotation instead of getting one from a broker?

  • It’s easier to obtain
  • There is less paperwork
  • It’s a faster process and it’s much more convenient