Car Insurance in South Africa
Which Company Gives Cheapest Car Insurance in South Africa?
Finding the cheapest car insurance in South Africa can be a difficult task for you, in light of the number of insurance companies in South Africa. Below we list some of the best car insurers in South Africa. It should be noted that offers change from time to time between these companies. Therefore, using an aggregator service such as Hippo.co.za can prove invaluable. Listed are the Top 10 Car Insurance Companies in South Africa
- Discovery Car Insurance
- Outsurance Car Insurance
- MiWay Car Insurance
- Dotsure Car Insurance
- Iwyze Car Insurance
- Santam Car Insurance
- Absa Car Insurance
- Momentum Car Insurance
- Old Mutual Car Insurance
- Budget Car Insurance
What is the Best Car Insurance in South Africa?
In South Africa, one of the best car insurers you can get is Discovery Insurance. It should be noted that it isn’t the cheapest car insurance. However, they provide a wide array of services at competitive market premiums.
Why Can’t I get Car Insurance in South Africa?
A car insurance application focuses on three main requirements, these are your driving history, location, and other personal information. To be denied an insurance application means the car insurance provider didn’t find satisfactory information on your driving history or previous policy. In the event that your former insurance policy provider cancels your policy, your new application with another firm may get rejected, depending on the reasons for policy cancellation. Circumstances such as bankruptcy can also hinder your application.
How Much is Car Insurance Per Month in South Africa?
Generally speaking, a car insurance quote costs about R1,300 per month in South Africa. This however depends on the vehicle type or policy of choice and the car insurance provider of choice. The cheapest policy is the Third Party Policy and the often more expensive policy is the comprehensive car insurance policy. Always compare quotes before settling on a provider.
How to Cancel Car Insurance in South Africa?
The cancellation process is relatively straightforward and simple. Contact the insurance provider on their customer care lines or phone numbers. Provide all necessary details for verification to commence the cancellation process. There is often no need to visit the firm in person as everything can be done online.
What are the Types of Car Insurance Coverage?
Car insurance coverage generally comes in three types, these are Liability Coverage, Collision Coverage, and Comprehensive Coverage.
Liability coverage protects you in situations where you are liable for the damage caused to another person’s car or injury sustained as a result of an error on your part. This coverage pays towards the repair of the victim’s car and/or medical bills. The exact amount is determined in the policy.
Collision Coverage protects you when you damage your car, irrespective of who the cause is. So in the situation of an accident, the insurance provider pays for the repair of your car. The exact amount depends on the policy of choice.
Comprehensive Coverage is often the most versatile car insurance coverage, providing protection against theft, loss, damage and diverse occurrences.
