Insurance Companies

Choosing insurance can be a very tedious and time consuming activity.

1: What bonuses does the company offer?

2: Do they have a good payout history?

3: Are you going to subsidise high risk people?

These are all questions you need to ask yourself before you take out short term insurance. We have a few bigger companies in South Africa but the catch comes in with all the smaller companies that are underwritten by the major insurers. Sometimes though, a really good deal can be found when they have schemes for people of a certain profession or income bracket. If you can find something like that, you may have a winner. If you are going to use a quote comparison company to get quotes for you, make sure they know their products. As far as insurance companies that offer comparative quotes go, this one did the trick for me. They were efficient and got me the best deal for my personal situation.

Wherever possible, try to have your car, house contents and any additional cars, all on the same policy. You may be able to get a lower rate if you do that. Sometimes though, especially with high risk vehicles, it may be beneficial for you to keep them at a different company. At the end of the day the onus is on you to find the most affordable and suitable insurance premium.