Get Insurance Quotes in 3 Steps

Industry experts say that one way to keep premiums down is to check the market value of the car against the insured amount and then compare quotes from different top South African insurers to find the most affordable comprehensive insurance to meet your budget. 

With mifinance.co.za you can get a quote within minutes to see how much money you could save.

While gender, age, lifestyle, car model and price are huge premium influencers, another key to a lower monthly rate is to drive a comfortably affordable car. Providers also look at insurance history. Similar to medical cover, car insurance providers dislike insurance gaps, and they are equally cautious of those with negative credit reports.

Consistency is important to providers as research shows that consumers who effectively manage their credit responsibly have fewer claims. This means that South African drivers can reduce their monthly premiums by their paying bills on time and by nurturing their credit reputation.

Where we live, the theft risk in the area and our personal history of claims all have an effect on our premium. To reduce premiums, clean out the garage and get the car securely parked in it, rather than on the pavement. Don’t have a garage? Install extra safety and anti-theft devices because a safer car = less risk = lower premium.

Once installed, inform the insurer of any changes to the policy, and request a revised quote. Not only will a vehicle tracking device lower the comprehensive car insurance premiums, but it will also help police recover the car if stolen.

Not all car insurance policies are equal. Whereas some come with added services and benefits at no extra cost, others charge for the same service. Before you sign the dotted line, ask yourself whether one needs all those add-ons as this will affect the premium. Also, many insurers offer a reduction for policies that cover several types of insurance, like having both household and car insurance. You may also receive a discount if you have more than one car insured with the same provider.

One could ask why no one has told South African drivers about this and about sites like mifinance.co.za…

Do not let high car insurance premiums force you to cancel your insurance like many others have had to do in recent times. South Africans who have had a loss of income have not only had to give up their cars, but have also lost all the money paid to their insurance provider over the years, before cancelling their policies. If people had known that they could have reduced their rates by following a few of the above simple actions, they would not have to rely on public transport or friends and family to get around.

Are you ready to save money? Then put mifinance.co.za to the test.