Cheap car insurance that’s reliable in South Africa

Car insurance is an absolute necessity for all South African motorists, especially because 70% of the 11 million motorists had no cover in 2021.¹ However, the availability of cheap car insurance has become even more crucial because of the devastating effect of the pandemic on household budgets. But cheap car insurance is not necessarily of good quality. Your car insurance should be reliable. This article provides you with a summary of the current economic climate, how to reduce insurance costs and an appealing perspective of affordable car insurance products, as provided by Prime South Africa.^2,3,4,5,6,7

We all need car insurance, but what if we can’t afford it? Fortunately, there are several ways to reduce its cost.⁵

1. Defensive driving

Despite the many aggressive drivers on South African roads, you can choose to drive carefully and defensively.⁵ Not only will this reduce your risk of having an accident, but it will also positively influence your driver profile or the way you consistently drive.⁵ Good, accident-free driving poses less risk to an insurer, resulting in lower premiums.⁵

2. Insure all your vehicles with one insurer

Why not take advantage of discounted premiums by insuring all your vehicles with one insurance company?⁵ In this win-win situation, you pay less, while the insurer enjoys more business.⁵

3. Carpooling to work

This is one way to minimise the daily use of your car for going to work.⁵ Perhaps you can arrange with your employer to work from home a few days a week, thus saving further transport costs.⁵

4. Compare online quotes

Go online and compare quotes from reputable car insurance companies.⁵ Find out from an online consumer platform such as Hellopeter how well a company satisfies client needs.⁵

5. Increase your excess

The higher the excess, the lower your premium will be. Ensure you have sufficient cash available should you have an accident.⁵

6. Do you need a large car?

Your situation may have changed, with children having left home.⁵ So, instead of keeping a large family car, buy a smaller one, which uses less fuel and costs less to insure.⁵

7. Where do you park your car?

If you live in a high-crime suburb and have no protection for your house, such as electric fencing, the risk to the car insurer of parking your car there may be quite high.⁵ Negotiate with your insurer what protective measures you can undertake to reduce the premium.⁵

8. Installing anti-theft devices

Fortunately, most modern cars already have such devices.⁵ Ask your insurer what discount he will give you for installing a tracking device.⁵

9. Talk to your insurer

It is essential to connect with your insurer and work out a solution for the best car insurance deal to suit your financial and car insurance needs.⁵

An overview of Prime and its affordable products

Prime South Africa is a financial services provider, specialising in providing affordable car insurance products.⁶ As early as 2009, Prime concluded that there is a dire need in South Africa for affordable car insurance, which can help millions of uninsured motorists.⁶After re-examining their product range in 2018, Prime developed their successful Prime Motor range with different products to cater for every budget.⁶

1. Comprehensive car insurance

This comprehensive car insurance cover has fixed premiums* and reduce to zero excess* T’s and C’s apply.⁶ It protects you from theft, hijacking, natural fire and disaster, write-off, and accident cover.⁶ Other benefits are third-party vehicle liability protection for up to R1 million per incident, car cover up to 100% of its retail value, R10 000 free accidental death cover, 24-hour roadside assistance and towing, and hail damage and glass cover.⁶ Finally, the policy covers vehicles up to 15 years old.⁶

2. Customised car insurance cover

This policy provides with you a chance to customise the benefits and cover to your liking.

Prime Motor Customised covers your car when it is totally lost through accidental write-off.⁶ It has fixed premiums*and reduce to zero excess* T’s and C’s apply.⁶ It covers theft, hijacking, natural fire and disaster, and a growing cover contributing to the cost of repairing a car in an accident.⁶ Other benefits are third-party vehicle liability protection for up to R500 000 per incident, cover up to 100% of its market value, and 24-hour roadside assistance and towing.⁶ The policy covers vehicles up to 15 years old.⁶

3. Third-party PLUS car insurance

Third-party protection cover PLUS more!

This policy includes a growing cover benefit that pays towards the cost of repair when your car has been in an accident.⁶ Other benefits include third-party vehicle liability protection for up to R500 000 per incident and cover up to 100% of its trade value for vehicles of any age.⁶ Also, you get fixed premiums* with this car insurance cover. T’s and C’s apply.⁶

Client reviews

Car insurance companies may advertise amazing products but, in the end, it comes down to delivery and customer satisfaction. Prime has officially had 12 months in a row of hitting 10 out of 10 on the Hellopeter Trust Index, rating very high in the car insurance category, based on 5 September, 2022.⁷ Client reviews on hellopeter.com could be helpful for South African motorists because these reviews are genuine. Clients are free to provide a review of their experience via hellopeter.com.⁷

Disclaimer

This article consists only of information because of the complexity of car insurance. If you wish to buy car insurance, you must first consult a certified financial advisor for professional advice.

Sources:

1. 1. 70% of South African motorists have no insurance
   2. The cost of living in South Africa is going up – what you should know
   3. RESERVE BANK HIKES REPO RATE BY 75 BASIS POINTS TO 5.5%
   4. Food price shocker – South Africa’s middle class at risk of shrinking
   5. 15 Tips and Ideas for Cutting Car Insurance Costs
   6. Affordable car insurance products to suit every budget
   7. Compare reviews for Best Car insurance
   8. Prime Meridian Direct is an authorised financial services provider (FSP41040), underwritten by Santam Structured Insurance (FSP1027).