Need to compare the best car insurance in South Africa for an accurate comparison of the costs and coverage? You’re in the right place.
Accidents happen all the time on South African roads, from minor fender-benders to severe crashes. We all hope that we won’t ever be in the middle of such an incident, but the truth is that accidents do happen, and most of the time, when you least expect it. While the accident itself is a terrible ordeal, having to manage the aftermath can be just as daunting.
Costs accumulate quickly when it comes to vehicle damage. From small scratches and dents to major panel beating work, everything adds up. The worst scenario to find yourself in would be your car being damaged or even stolen and you not being able to cope financially.
Luckily, that’s where insurance companies are your saving grace; and that is why having car insurance is so very important. However, finding the best vehicle insurance companies in South Africa is no easy feat considering the wealth of options on your hands.
So, before you get an online car insurance quote, we’ve shared some of the top choices for vehicle insurance in South Africa.
There are many fantastic vehicle insurance companies in South Africa, each offering its own pros and cons. These are the ones we have found to offer the best cover for the most competitive premiums.
King Price is fast becoming a leader in all insurance types, and they’re doing pretty well with their car cover.
A significant reason for their sudden growth in popularity is the fact their premium costs decrease as the value of your car decreases. This is something that not all insurers offer.
King Price insurance benefits include:
AA offers all three main types of car insurance, as well as a list of value-added products that you can add to your insurance package. Their premiums are affordable, and they cater specifically for seniors over the age of 60 with a package designed just for them.
AA car insurance benefits include:
Extra products include:
Momentum has all three types of insurance, as well as optional extras that can be added to extend your coverage. They offer no hidden costs and guaranteed premiums for 12 months – whether you claim or not. For those who travel outside the country with their vehicles, they offer Momentum Explorer as well.
Momentum car insurance benefits:
Top Tip: Momentum is also rated one of the top medical aid companies in South Africa.
Discovery has a wider variety of insurance types to choose from. They also offer a range of value-added products. They offer all three types of insurance, with their comprehensive insurance being divided into different plans.
Discovery’s comprehensive plans are called:
Discovery car insurance benefits:
Optional motor insurance features:
MiWay offers car insurance that is customizable according to their customer. In addition to the common three types of insurance, MiWay has Total Loss, which provides cover to clients for the total loss of their vehicles only due to write-offs, theft or hijacking.
They also also offer cover for limited third-party liability. Accidental damage that does not result in a total loss is not covered. They also offer a cash-back initiative, so the less you drive, the more money you save.
With MiWay, you can insure your vehicle for one of the following values:
MiWay’s comprehensive car insurance offers you:
OUTsurance separates its plan into two types – Comprehensive and Essential. They pride themselves on being the most affordable insurance company, offering a cash incentive for potential customers who are able to find a quote cheaper than theirs.
OUTsurance comprehensive car insurance offers you:
OUTsurance essential car insurance offers you:
1st For Women is an insurance company putting the safety of women first, ensuring their unique needs are met when on the road. They offer the three main types of car insurance policies. Depending on how much and how well you drive, you can even save up to R399 per month on your insurance policy.
Included in the standard insurance policy is the 24/7 accident and roadside assistance programme known as Guardian Angel. This fantastic feature includes the following:
1st For Women also offers the following benefits:
As one of the insurance companies in South Africa, Sanlam has a fantastic track record with its clientele. They offer three main types of insurance, including comprehensive cover, limited cover, and third-party cover.
While third-party cover offers the best rates, it only covers your vehicle. Possibly the biggest benefit of opting for Sanlam is the rewards they offer to clients. The company rewards you for financial responsibility and safe behaviour through tier points. The more points you earn, the higher your discounts become. Tier points can be earned for the following:
When looking for the right insurance for your car, there are a few factors that you should keep in mind.
To help you make the choice, here’s a breakdown of what each insurance type offers you.
This type of insurance will cover your car against almost anything that can happen when driving in South Africa. Theft, damage from attempted theft or a break-in, accidental damage caused by you, damage caused by natural disasters, damage caused by a third party, and damage you cause to a third party. Due to the extended cover, this type of insurance is the most expensive of the three.
This type of insurance means you are covered against theft, damage due to attempted theft or break-ins, fire and accidental damage caused by a third party. However, you won’t be covered against any damage you cause to a third party, nor will you be covered against damage caused by natural disasters. This insurance type is more affordable than comprehensive insurance, although you have less coverage.
Third-party-only insurance is the cheapest option out of all three types. This insurance covers the cost of damage you cause to someone else’s car and nothing else. This helps prevent you from paying exorbitant amounts of money for a third-party car if you get into an accident.
You may still have a few questions that need answering. Here are some automobile insurance FAQs to put your mind at ease.
According to the South African Customer Satisfaction Index (SAcsi), Santam has the highest customer rating.
It depends on the type of services you would like. If you would like a hassle-free and more personalised experience with one-on-one communication, then a broker is a great choice. However, buying insurance directly from the company is also fairly easy and usually slightly cheaper.
The one upside of a broker is they make claims a much easier process for you.
According to the Ombudsman’s annual report, Oakhurst Insurance receives the highest ratio of 5.7 complaints per 1,000 claims.
Yes, you definitely can, and most insurers will offer discounted rates when you register two or more vehicles to be covered by the same policy.
This largely depends on the insurance policy you look to take out, the car’s condition, and your personal age. Every insurer tries to offer the most affordable policy out there, so the easiest way to find the best price for you is with a comparison quote.
There are many companies for you to choose from when looking for car insurance. You are bound to do a lot of shopping around before you find the insurance plan that fits you perfectly.
Remember to keep in mind what it is that you need from the insurance company and how much you can afford in premiums.
While looking for insurance can sometimes be quite stressful, once you are covered, you can drive with the peaceful knowledge that you will not be left financially stranded if something unfortunate happens.
If you’re new to the insurance world, find out if you can stay on your parent’s car insurance after moving out.
