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Car Insurance Quotes in South Africa |
1st for Women is also 1st for Men...well at least for me - they get my vote as the top car insurer in South Africa.
May 2012. I first eliminated any car insurer whose ratio of complaints to compliments was more than 50% on Hellopeter. I have ranked the remaining insurers by the price they quoted me. Interestingly, the 2 insurers with the best prices also had the least discrepancy between their online & telephonic quotes.
1st for Women |
Virgin Money |
Woolworths |
Vir Seker |
Budget |
Auto & General |
ibuyeco |
Amsure |
MiWay |
Dial Direct |
AA |
|
Excess |
R5550*** |
R5000** |
R5050 |
R3550 |
R3800 |
R3550 |
R3550 |
R3550 |
R5000 |
R3550 |
R3550 |
Car Hire Benefit (15 days) |
R24 |
R32 |
R31 |
R32 |
R25 |
R31 |
R45 |
R30 (27 days) |
R275 (20 days) |
R23 |
R30 |
Telephonic quote (including car hire) |
R258 |
R270 |
R275 |
R294 |
R302 |
R324 |
R325 |
R325 |
R331**** |
R338 |
R338 |
Online* |
R277 |
R270 |
R280 |
No online |
R268 |
R260 |
No online |
No online |
R282 |
R279 |
R341 |
* the online quote didn't give me a chance to fill in SASRIA cover, car hire or hail cover
** if the damages are more than R5000 then Virgin pay the full amount
*** Quote is R20 higher if I reduce the excess to R3550
**** MiWay phoned me up a week later to say that they were running super specials for a 2 hour period (I wonder whether they do this as standard practice for people who won't take up their initial quotes?)
Obviously the price above will differ for you, and even the terms the various insurers offer differ. I did this on 19 May 2012, and I'm sure prices will change over time. This is for car insurance alone - it's possible that if you mix it with household insurance you can get a better quote with other insurers.
Type of Insurance |
Comprehensive car insurance |
Year of car |
2006 |
Make of car |
Toyota Yaris T3 Spirit 5DR, manual |
Sound system |
Value of R10,000; Factory Fitted (Budget Insurance said that the factory-fitted was R1,400; so used that rate; Amsure said that they would insure the sound system as part of the vehicle rather than as R10,000) |
Colour |
White |
Tracking device |
No tracking device on vehicle |
Vehicle is used for private use only (not business) |
|
Central locking is on the key |
|
Engine hasn't been upgraded |
|
Suburb |
Pinelands (7405) |
Overnight parking |
In Yard - with locked gates |
Driver's marital status |
Married |
Driver's occupation |
Self-employed (working for a private company) |
Driver's gender |
Male |
Driver's date of getting licence |
January 1990, new card first issued in March 1999 (initially in the online quotes I filled in the date I got my licence, but in the telephonic calls I realise they wanted the date on my card). Budget says that full discount is if you have a licence for more than 5 years. |
Driver's age |
40 |
Driver's type of licence |
RSA Drivers Licence (B - motor & trailer) |
Driver's claim free years |
5 Years with Comprehensive motor insurance. Have never claimed for a stolen vehicle. Last claim in October 2006. |
Total years comprehensive insurance |
17 years uninterrupted comprehensive motor insurance |
| Driver has no adverse financial information to disclose relating to him or any business entities he has an interest in (this includes judgments, defaults, liquidations, sequestrations or administration orders). A MiWay question. |
|
Driver has never had any insurance cancelled or been refused renewal of insurance by an insurance company, broker or insurance administrator (MiWay question). |
|
Driver is not a Woolworths Staff member (as asked by Woolworths) |
|
Driver does have a MySchool Card (as asked by Woolworths) |
|
Vehicle is not under finance, it's fully paid off. |
|
Driver is a member of the AA (as asked by AA Insurance) |
|
No other vehicle or home to be insured |
|
No tracking system or anti-hijacking system |
|
Include SASRIA cover |
|
Include hail cover |
|
Market, trade or retail - chose market value cover |
|
Current insurer is Santam, 17 years uninterruped. Currently paying R291/month. |
|
Out of those with a statistically significant number of replies, Vir Seker have the highest percentage compliments - they're a niche player catering for Afrikaans customers. The highest ranked car insurer catering for the broader market is MiWay, which is Santam's direct insurer (a smart way of moving into the direct market without annoying their broker force too much). The worst ranked is Hollard Insurance. Overall, I'm quite impressed how much better clients rate auto insurers than those participating in the personal loans industry.
The following insurers had a compliments to complaints ratio greater than 50%, and used the info I submitted online, when they called me back:
Amsure car insurance |
A friend told me that they were the cheapest, so I decided to check them out. |
Amsure insurees |
Vir Seker |
"Jou versekering, jou mense, jou taal". I could understand why they get so many compliments, as they were super-friendly on the telephone. |
Vir Seker Insurance |
MiWay car insurance |
You can fix your premiums for 36 months. Asks for your car registration number to generate a quote. R220 joining fee in addition to the premium. Also cover in Botswana & a number of other African countries (but not business use outside South Africa). |
MiWay insuree feedback |
1st for Women |
Maintains that women are more responsible & safer drivers than men. Free Roadside assistance (pink BMWs on the road are theirs). Offers a cash-back option for an additional premium. Premium is guaranteed for 12 months. |
First for Women insurees |
Woolworths car insurance |
Your 13th month premium is paid back to you (T&Cs). Get Roadside assistance. |
Woolworths Insurance feedback |
AA Motor Insurance |
AA Tip #3 "Tell us all about your previous insurance claims". Can install a tracking device. Get 40% discount on AA Membership. |
AA Insurance |
Virgin Money Insurance |
"Better deal, great service, awesome rewards". Premium guaranteed for 2 years. |
Virgin Insurance |
Dial Direct car insurance |
Pays your first year's premiums back in cash even if you make certain claims (T&Cs). 24 hour roadside assistance. Will tow free of charge. Bucksback Bonus - if you don't claim after every 48 months, you get the first year's premiums back. |
Dial Direct insuree feedback |
These insurers do offer online quotes, but they didn't know the details of it when I chatted to them on the phone, and couldn't explain why their telephonic quote was difference.
ibuyeco |
2% of premium goes into an eco trust, to reduce your carbon footprint. Head Office & call centre in Johannesburg. |
100% compliments (only 2) |
Auto & General vehicle cover |
Have a comprehensive off-road vehicle policy, which includes R5000 cover for medical expenses from an accident while driving, and Auto & General install a tracking device. Free roadside assistance. If you have 4 years claim free you get a cashback bonus. |
Auto & General insurees |
Budget Car Insurance |
We know about Budget Car Hire, but there's also a Budget Car Insurance. Buget offer a high excess and normal excess option. |
Budget Insurance Brokers |
Outsurance car insurance |
No broker fees as they always deal directly with the customer |
Outsturance insuree feedback |
Autopedigree insurance |
Provide "Free Insurance Quotations"...just like everybody else! |
Autopedigree feedback |
iWYZE Car Insurance |
Old Mutual Motor Vehicle Insurance |
iWYZE insuree feedback |
Unity Vehicle Cover |
Dedicated Personal Portfolio Consultant. |
Unity insuree feedback |
Prosper |
Consultants speak isiXhosa & Zulu, as well as English & Afrikaans. |
|
Oakhurst Vehicle Cover |
Oakhurst's Pay Per K insurance allows you to pay less if you drive less. |
Oakhurst Insurance feedback |
Liquid Capital Car Insurance |
Part of the Imperial Group, who also run Europcar & Tempest Car Rental |
Liquid Capital insuree feedback |
Santam car insurance |
Includes extensions for the 4x4 owner |
Santam insurees |
Discovery Insure |
Advanced telematics measure your Driver Quotient™, and you are rewarded for driving well. |
Discovery Insure - insuree feedback |
FNB Vehicle Insurance |
Keys & Locks cover if you lose your car keys. |
FNB Insurance Brokers |
"By combining your household contents insurance with your car insurance you could save up to 30%" |
Regent Insurance |
|
Mutual & Federal |
No online forms to fill in |
Mutual & Federal insurees |
Hollard Pay as you Drive |
"If you drive less - you pay less" |
Hollard Insurance insurees |
Pro tip - if you're interested in finding out the market value of your vehicle, navigate to the Pay as you Drive quotations page, and fill in the year, make & model of your car - it'll then show you. |
||
Hippo car insurance |
Fully automated online quotes from Pay per K, Regent, Budget Insurance Brokers, Dial Direct, Vir Seker, Auto & General, Hollard, ibuyeco, AA Insurance, 1st for Women, Virgin Money, Woolworths Financial Services, Oakhurst Focused Vehicle Cover, Unity & Llody's. |
Hippo insuree feedback |
Sniffs around for the best car insurance quotes. I got a phone call from Dial Direct after I filled in a form with them. |
Insurance Hound |
Typical information required for a car insurance quote is:
Do you require comprehensive cover (accidental damage to your vehicle or theft of your car, as well as damage to other parties & their property), third party cover (cover for damage to other parties & their property) or third party fire & theft cover (cover for specified damage to your vehicle or theft thereof, as well as damage to other parties & their property)?
Year of vehicle, make of vehicle & model of vehicle (used to calculate the market value of your vehicle)
Who is the regular driver
Gender
Marital status
Age
How many uninterrupted claim free years of comprehensive car insurance have you experienced?
In the last 3 years have you or anybody else to be covered in the policy had any claims, losses or incidents?
Type of drivers licence:
Car or car & trailer
Small truck or bus
Car & caravan
Medium truck or bus
Small truck & trailer
Large truck or bus & trailer
South African drivers licence, SA learners licence or commonwealth, neighbouring state or international drivers licence?
How long have you been driving for?
Was the sound system in the car factory fitted or fitted in the aftermarket? What is the value of the sound system?
Approximate monthly distance travelled
Vehicle tracking unit (Bandit, Cartrack, C-Track, Matrix, Netstar, Tracetec, Skytrack)
In what suburb is your car parked overnight?
Where is your car parked overnight:
in a locked garage
in the street or on the pavement
in the yard with no locked gates
in the yard with locked gates
in an open parking lot
in a basement with electronic access
in a basement with no electronic access
in an access controlled area
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