If you’re a motorist and owner of a vehicle, not having insurance coverage on your car is like playing on the devil’s lawn. With the way the roads and streets are in South Africa, you already know that not having an insurance plan set up may cause you financial ruin. Not only do you want to be protected in case of a crash or accident, you also have to be protected in the event of a theft or hijacking, as this is taking place more and more on the streets today. Being under-insured is also not an option. Under-insurance happens when the amount for which the property is covered, is lower than the value of the property. You have to insure your property for its replacement value and not for the purchase amount, except if it is brand new property. When searching for cheap insurance for cars, you have to make sure that you know precisely what exactly you need covered and what not. Under-insurance as well as over-insurance isn’t an option. Before you decide to walk into the insurance provider or broker’s office, make sure you know what eventually determines your insurance premium. They are:
- Looking around: Do not merely accept the second best quotation you find. If you’re unhappy with the premium they are offering, do not accept it; as easy as that.
- Purchase a low risk vehicle: high performance vehicles are more expensive to insurance, for apparent reasons. If you’re looking for a less expensive premium, trade in your Subaru for a VW Polo or something similar. You will save lots. If you are under the age of 25, a male and you drive a performance vehicle, you definitely want to look at swopping your car; you should be paying a king’s ransom!
- Raise your excess: you have probably by now heard of this trick. By increasing your excess amount on the vehicle, your monthly premium will automatically be lower. Just be sure that you will be capable of paying the excess when you need to claim, so don’t go too high.
- Security: A vehicle that is parked on the street or in the driveway will obviously cost more to insure than when it’s parked in a secure garage. And if the car itself is fitted with an alarm system and immobilizer system, your premium will also be reduced. An anti-hijacking system, tracking device and gearlock may also lower your premium considerably. Should you live in a high-risk, high crime area, moving is probably the smartest choice to lower your premium.

When you are looking for cheap insurance for cars, make sure you speak to your broker about any discount rates they provide and if you qualify for them, as they will usually not inform you of the discounts on their own and you could lose out on a great deal.

Finding cheap insurance for cars may be challenging, but reducing your premium is not and is most likely the better alternative. Just make sure that you know what you need protected and what not to avoid being over- or under-insured.

For more information about cheap insurance for cars visit the website http://www.cheapinsurancecars.co.za