First thing’s first – Why do you need car insurance?
To some, it may be obvious, but research shows that 70% of vehicles are whizzing around on S.A.’s roads, totally uninsured.
So, I’m here to break it down for you.
There are 10 million registered vehicles in S.A. and 1 million car accidents are reported every year. It’s simple math, Mzansi- you have a good chance of being involved in an accident.
Now… just imagine having to cover those costs- even if the accident wasn’t your fault! Not lekker. Not only that, but breakdowns and vehicle theft are a thing in our country, and often happen when we least expect it.
How would you be able to afford the costs of repairing or replacing your car, or covering the damages done to someone else’s car? Car insurance is what’s going to carry you through, tjom.
It has you covered in the following situations:
- If you injure someone or cause damage to their vehicle.
- If your vehicle is stolen or destroyed.
- If you are the person responsible for an accident.
We understand that most South Africans think that insurance is a luxury that they simply cannot afford. The cold, hard truth is that you cannot afford to not afford it… The last thing we want is for you to get stuck in a sticky financial situation.
With the immense financial pressure placed on our South African economy, especially in light of the COVID-19 pandemic, finding ways to save money to provide for yourself and your family is more important than ever before. Small changes to your monthly budget can be make-or-break at this point!
One smart way to save your hard-earned cash is by finding cheaper car insurance.
Here are 5 tips that will help you score the best deal possible on your car insurance:
1. Compare
Theodore Roosevelt once said, “Comparison is the thief of all joy.” Not in this case, folks! Back in the day, when I was a young lad, finding out which insurer offered the most affordable prices was a lot trickier. Nowadays, you have brands like *ahem* RoadSave, that let you compare cheap car insurance premiums side-by-side. It’s like car insurance Tinder. What’s not to love? Simply click here to compare the cheapest car insurance quotes now.
2. Change the Value of Your Insurance
Your vehicle can be insured for different values, and the lower the value, the cheaper your insurance will be. You can insure your car for:
- Retail Value
- Trade-In Value
- Market Value (an average of the retail and trade-in values)
All of the above can be adjusted, based on the condition and mileage on your car. Bear in mind that if your car is either stolen or destroyed, your payout will also be lower if you have insured it for a lower value.
3. Reduce Risk
If the insurers think you are at a higher risk of falling victim to car theft or accidents, your monthly premium will be higher. While you can’t change your age or how long you have had your driver’s license form you can:
- Take an advanced driving course
- Park your car in a locked garage
- Build up a squeaky-clean driver safety reputation
- Move closer to work (less time driving = less chance of an accident)
4. Combine Your Policies
You’ll find that insurers will offer you discounts if you insure more than one item, such as your house and your car cover.
5. Up Your Credit Score
I’m sure the word “credit score” sends shivers down many people’s spines but having a healthy credit score can benefit you in many ways. It basically measures your ability to use credit wisely. If you are responsible with your credit, you will pay much lower car insurance premiums.
See ya on the flip side, RoadSavers.
Cheers!
Jono
P.S. Click here to compare the cheapest car insurance quotes now. Get up to 10 quotes in just 90 seconds.
