HOW much it costs to insure South Africa’s best selling cars
It’s not illegal to drive uninsured, but it is frowned upon, and here’s how much it’ll cost to insure South Africa’s most in demand cars.
How much does it cost to insure South Africa’s most popular cars? Well, we’d like the question answered because anyone buying a cheap car often forgets to factor in that particular cost. Unlike most first-world countries, it’s not illegal to drive a car in Mzansi without insurance.
However, most inexperienced buyers forget one important thing. For the period you’re paying off your car, guess what, you don’t technically own it, the bank/financial entity does. And that’s why they want to know their investment is protected with car insurance.
INSURE SOUTH AFRICA’S MOST POPULAR CARS
So, TopAuto, with the help of King Price Insurance, looked at how much it costs to insure South Africa’s most popular cars. Now, of course, there is no one-price-fits-all solution when it comes to car insurance. Your age, risk profile, the car your own, the cover you want, and a dozen other factors go into the calculation. Nevertheless, King Price has generated some useful averages with its data on Mzansi’s most popular rides.
Therefore, to comprehensively insure the below cars, for a 30-year-old driver, will cost:
- Suzuki S-Presso – R732 per month.
- Renault Kwid – R750 per month.
- VW Polo Vivo – R950 per month.
- Toyota Yaris – R1 500 per month.
- Toyota Corolla – R2 000 per month.
King Price says, “These premiums are simply average calculations. You may be a 42-year old with a clean driving record and zero claims history. Or a 22-year old with several accidents under your belt. These factors matter a great deal in changing your profile.”
HOW CAN YOU SAVE ON INSURANCE?
So, use the above figures as a benchmark to see if in all likelihood you’re being over- or under-quoted. Moreover, the figures above are for comprehensive cover. Plans for theft, write-off or third-party liability only will be cheaper.
King Price suggests, to save money, you should avoid lodging a claim every time something happens to your vehicle. So, to avoid pushing up your monthly insurance spend, rather fix minor damage like dings and scratches personally. And only involve your insurer, “when something serious happens.”