The best way to get a good insurance quote is to shop around and not to fall for the first insurance quote you get. As consumers, we do not want to spend more on insurance premiums than what is necessary. But how do we get affordable car insurance quotes, and where do we start?
With so many insurance companies out there, it is always challenging to choose the right one. Most car insurance companies have something attractive to offer or have a better deal than the other. This can be very confusing if you do not understand all the terms and conditions and that some deals could be “too good to be true”.
Let’s have a look at 8 ways you can get the best rate with the best cover.
Perhaps don’t be fixated on just one company being affordable
There are large insurance companies that spend a lot of money on commercials to sell their insurance and to make you think that they offer the best and lowest insurance. There isn’t an insurance company that is leading the industry with the lowest price. Remember what might be cheap for 1 person may be expensive for another. To get the best and lowest insurance cover is to compare different insurance quotes with one another.
- Don’t forget the smaller car insurance companies
There are a few insurance companies that dominate more than half of the insurance business in South Africa. Don’t forget about the smaller companies as they might provide surprisingly better rates and better customer satisfaction than the larger insurers.
- Don’t be afraid to ask for discounts
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You can get bundle car insurance with your other insurance policies. You could combine house and car insurance, which can save you money.
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You can insure multiple cars on one policy.
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Have a claim-free and clean driving record.
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You could save by paying your premiums upfront for 6 months to a year.
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Have a paperless trail by receiving documents online.
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Fit your car with anti-theft products.
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Be part of specific professional organisations or affiliated groups.
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Don’t be swayed by just one insurer, compare multiple insurers’ rates.
- Pay your accounts on time
Make sure that all your accounts are paid on time each month. This could have a considerable impact on your insurance premium. Some insurance companies also rate you on how well you pay your other accounts.
- Cost of insurance on a new car
Check what your insurance will cost before purchasing a new car. Most consumers only take fuel efficiency and monthly car instalments into account when buying a new car.
- When is comprehensive and collision cover necessary?
Collision cover will cover your car if it is damaged by another vehicle or object. Comprehensive cover will repair your car from all sorts of damage that may occur. This kind of maximum cover is limited by the value of the vehicle that has been damaged or stolen. If your car is old, it might be better to look at third-party fire and theft cover than high premium comprehensive cover.
- Higher excess
When you buy comprehensive cover, you can save money by raising the excess. When it comes to liability insurance, there may be are no excesses when it comes to damage caused to others by you.
- Pay-per kilometre or usage insurance
If you are a motorist that doesn’t rack up a lot of kilometres and you are a safe driver, you might be able to consider a usage-based insurance policy. If you allow this kind of insurance, your insurance company is then allowed to track the usage of your vehicle for you to receive the discounts on this policy.
Are you looking for affordable car insurance? Affordable car insurance with unique benefits such as fixed premiums* and a reduce to zero excess* is at your fingertips with Prime South Africa.
Disclaimer
Please get financial advice from a certified financial advisor before you purchase any car insurance products. Please note that this article is for informational purposes only.
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