Home Group Step-By-Step Guide to Affordable Car Insurance in South Africa

Step-By-Step Guide to Affordable Car Insurance in South Africa

As fun as it is, driving involves certain risks, and the drivers themselves have specific requirements they need to fill before they sit behind the wheel. Having car insurance is one of them.

Seeing how insuring a car can be a bit overwhelming, we have made this guide for you – a list of some great and affordable insurance companies that will help you get out on the road safely.

Payment Options

There are several types of car insurance in South Africa that you can consider. You can find both cheap and expensive car insurance as well. One type is comprehensive car insurance. It will cover you for any damage taken place in an accident and also loss through fire and theft. It includes a wide range of damages, but as you can imagine, it is not the cheapest type. If you are looking for something more affordable, you can consider the so-called third party, fire and theft car insurance which is a competitive alternative to comprehensive cover. There is also a third party car insurance, which is popularly called basic cover. This is the most economical type of car insurance. 

Bundling Your Insurances

Generally speaking, you can ‘bundle’ or combine your insurances, and you can get appealing benefits. Usually, insurance companies will provide coverage for parts that are temporarily removed from your car for service, restoration or repair purposes. They cover your car for imported parts that may need to be replaced. You may also have a ‘salvage on classic cars’ option. If your car is damaged a ‘total loss’, the company may offer you the option to buy the salvage (any parts of the car that can be saved and reused). 

Age is important!

Another factor which influences the cost of your car insurance is the age of your car and yours. Insurance companies will ask you to certificate the age of your car, the year, and model. If your car is an older one, the insurance premium should be cheaper. Your age will be considered too. The older you are, the better it is in the eyes of insurance companies because you will have gained many years of driving experience.

But pay attention not to choose insurance just because the premiums are lower. First, you will need to examine that the cover provided fits your risk profile. 

Insurance Companies With A Reputation

The safest way for you to get quality coverage is to go by reviews. We have sifted through many car insurance companies’ reports and selected the five with the best comments out there currently.

  • AA

AA offers each three chief types of car insurance. Their premiums are affordable, and they provide particularly for elders over the age of 60 with a package composed just for them.

  • OUTsurance

OUTsurance offers two types of plans: Comprehensive and Essential. They consider themselves the cheapest insurance company in South Africa. If a future customer finds a more affordable quote than theirs, they will receive a cash incentive.

  • Discovery

Discovery has a broader diversity of insurance types to pick from. You can also find a lot of value-added products as well as all three types of insurance. Their comprehensive insurance includes different plans.

  • Momentum

Momentum has all three types of insurance as well. They offer optional extras that can be combined with your cover. You will find no hidden costs and guaranteed premiums for 12 months, even if you claim. You can benefit from their Momentum Explorer package if you travel abroad with your car. 

  • MiWay

MiWay is perfect for those who like customizing their car insurance plans. They offer the three traditional three types of insurance, and they also have a product called Total Loss. This type gives cover to clients for the total loss of their car. 

Like anything, it’s always a good idea to be aware of recent company reviews. We recommend comparing at least 3 or 4 options before making a decision. Online research is typically an efficient and effective way to discover all the pros and cons you need to keep in mind.


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