Car owners in South Africa should be aware that fully comprehensive motor vehicle insurance is not as expensive as they might think, if you know where to look. So how do you go about searching for the best car insurance quote?
Joyride Terminus (Photo credit: IntangibleArts)
When it comes to motor vehicle insurance, searching for a policy that suits both your needs and your budget can seem a bit daunting. There are a few things that you will need to think about when it comes to searching for car insurance quotes online.
Firstly, you will need to take your time and do not opt for the first tempting car insurance quote that you come across. Using a website that allows you to compare quotes from a number of different companies is a good place to start, as they will list the outline details of what each insurance company has to offer, all on one page. Once you have found one or two insurance quotes that catch your eye, then you can click on the link that will take you to a page that will list the full details of what that particular insurance company has to offer.
Motor vehicle insurance companies will offer differing quotes and some companies will offer the same policies for less money. Furthermore, there are companies that will allow you to pay your monthly premiums via the internet. This can help you to avoid the unnecessary cancellation of your policy due to your latest payment getting lost in the post.
When searching for car insurance quotes on the internet you will probably be surprised by just how much each company’s policies differ from one another. Some will offer discounts for having more than one car on the same policy whilst others will reward older or safer drivers with a lower premium.
If you have a poor driving record or are below a certain age (typically 25) you may find that most of the motor vehicle insurance quotes you receive will be quite high. Insurance companies do this in order to offset the risk of paying out on a premium, which for someone who is a careless or inexperienced driver is likely to happen. Insurance companies do not like to pay out, but they are more than happy to take your money. If they think that there is a high risk of them having to pay out on an insurance premium in the future, you can expect to be paying a lot more money than an older safer driver.
If you already have a fully comprehensive motor vehicle insurance policy with an insurer, and it is up for renewal, then you may find that you can negotiate a lower monthly premium if you have been with them a long time and not made a claim. Of course, they are under no obligation to provide you with a cheaper monthly premium, and it is for that reason that you should be prepared to look elsewhere in order to save yourself some money.
