December 17, 2020
Having car insurance with a particular insurer doesn’t necessarily mean you have the best cover. If you find out another insurer provides a much better policy, you can choose to move to another insurance company. Learn more about how to switch your car insurance to another car insurance company in South Africa.
Your aim, as the insured, is to get the best value for what you pay each month. Perhaps you have found a car insurance company who provides you with a lower premium and improved level of service. Should you wish to switch your car insurance with another company, there is no need to stress, provided you follow a few simple steps.
After you have decided what you wish to get out of a car insurance policy, you can obtain and compare quotes provided by various companies. This should give you a good indication of which reputable car insurer could best serve your interests.
1. Locating a new car insurance policy1
A comparison tool can help you find a car insurance policy to replace your current one. You can specify all the requirements that will best serve your interests.
2. Examine the comparison tool results1
It would be best if you read through each policy once the comparison tool has provided you with all the results. You need to understand exactly the degree of cover, any exclusions in place, as well as the cost of the premium. If you need additional professional advice, contact the candidate car insurer to find out more about the policy. This is important because motorists don’t deal with car insurance policies every day.
3. Purchase your policy1
Once you have decided to choose the company and the policy, you can purchase the new car insurance policy online or by visiting the nearest office of the insurer. Keep a hard copy of the insurance policy for yourself.
4. Has your new policy been activated? 1
You need to first establish if your new policy is active before cancelling your old car insurance policy. Record the date when the new policy cover commences.
5. Cancel your old policy1
Once you have verified that your new policy is active, contact your old car insurer and cancel your policy. Different companies follow different procedures and may require a signed cancellation letter from you.
Having read the above article provides you with at least some basic steps you can follow to switch car insurance policies. It is important not to rush through anything and make sure your choice is correct. Are you thinking of changing your car insurance provider? Why not contact PMD and find out more about affordable car insurance?
Please note that this article is not providing any financial advice. Car Insurance is complex, and for this reason, this article only provides information. If you want to purchase a car insurance product, you should contact a certified, financial advisor for professional advice.
May 12, 2022