How can motorists find the best car insurance in South Africa in 2021?

Did you know that only one-third of the estimated 12 million South African motorists have car insurance?1 This means that seven out of every ten cars on the road are not insured —all the more reason to obtain the best car insurance to adequately cover you for any accident. Read on and find out how you, as a motorist, can find the best car insurance in South Africa in 2021.

Firstly, you need to know about the different types of car insurance available in South Africa.2,3 We start with the most expensive one, followed by cheaper options.

Top of the range – comprehensive car insurance 2,3

This car insurance option completely covers your car in the event of accidents, natural fire and disaster, theft, and hijacking. It also provides third-party liability cover, full retail value cover, 24-hour roadside assistance, hail damage and glass cover. There may be other optional benefits that could be selected as well.

Customised car insurance 2,3

This type of car insurance is different from comprehensive car insurance in that it is a specific risk cover. This means that only those incidents identified in the policy terms and conditions will be covered. Optional benefits may be available.

Third-party car insurance 2,3

This is the cheapest car insurance option, which may include growing cover for your car in the event of smaller accidents, hail damage and third-party damage. You could possibly also add optional benefits to enhance your cover.

Are you sufficiently prepared? 2

It may be best to research your options before you shop online or over the phone for car insurance. You don’t want to end up buying the wrong car insurance.

Only select car insurers of good repute 2

Online research is the best way to discover which car insurance companies are of a high standard and are licensed. Contact the South African Car Insurance Association (SAIA) to confirm your findings.

Don’t ignore the small print 2

It is best for motorists to read the small print of the insurance contract before you sign. Ask the insurer for clarification on any matter that may concern you so that you understand what you are buying. For instance, confirm who else may drive your car to avoid risking a rejected claim.

As a final check, you can consult your family or friends who have car insurance experience for their input.

Comprehensive cover and premiums 2

A lower monthly premium could be an indication that the excess payable should you claim, could be high. Excess is the self-insured portion of any claim that you have to pay before the claim can be finalised. Make sure you know what the excess is when shopping for insurance and that you can afford this excess.

How efficient is the claiming process? 2

Refer to online reviews about the insurer. It may reveal serious obstacles you would not like to experience.

Disclaimer

Because car insurance is a complicated matter, this article must only be viewed as information. Please contact a certified, financial advisor for professional advice should you wish to purchase any car insurance product.

Sources:

1. 1. ’12-million cars in SA, 70% uninsured’ – AA
   2. How to get the Best Car Insurance Deal
   3. Comprehensive Car insurance