Top car insurance tips
1. A good credit rating can save you money? Studies have indicated that those with
a good credit rating are generally more stable than those who tend to skip payments
(making them a better risk) – Insurance Companies use this information to create
your insurance risk score, and this can determine your car insurance rate. Our suggestion
to everyone is to make cleaning up your credit situation your number 1 priority.
2. Is your model insurance friendly? In South Africa certain cars are higher targets
for hi-jacking and theft than others, often these cars have a higher premium even
though they are not a luxury range vehicle. Sports cars and SUVs also cost more
to insure. Make sure you do your research to make an informed decision about the
type of car you drive. If you are buying a car, find out which makes and models
these are before you purchase.
- Drive safely!
The more claims you make, the higher your premium will climb. This is why so many
insurers offer a no claims bonus as a reward. Your car insurance cost is a factor
of your risk profile. All your prior claims are taken into account and it all adds
up at the end of the month.
- Lock down!
Installing a security system, alarm and anti-theft devices will positively affect
your risk profile. If you make your car safer, it will be less at risk of theft
and it will be cheaper to insure. Let your insurance company know if any safety
devices are installed in your car.
Do you need more than one insurance policy? For example, insuring your fleet with
us or all of your family’s vehicles may qualify you for a loyalty discount.
- Work or Play?
If possible, insure your car for private purposes only. Business use of your vehicle
will result in a higher monthly premium. Most insurers will still give you a reduced
premium if you only need occasional business use.