The risk of an accident is quite considerable for car owners in South Africa. So, car owners need excellent car insurance companies in South Africa to protect their cars from accidents.
According to Road and Traffic Management Corporation (RTMC) data, 1,451 people died on South African roads during the 2022/23 public holidays. This indicates that car owners in South Africa highly-need insurance companies. Here are the recommendations of the best car insurance companies in South Africa.
10 Car Insurance Companies in South Africa You Should Consider
Auto insurance is essential for successful financial planning if you own a car. Without vehicle coverage, you could face financial hardship in the event of an accident or theft. Luckily, South Africans are spoiled for choice with so many quality insurers to choose from. Here are the 10 best car insurance companies in South Africa.
1. Santam Auto Insurance
Santam’s slogan, “Insurance is good and right,” summarizes the service you can expect from this car insurance company in South Africa. They ensure that your vehicle is paid for if it is written off or stolen. They offer their customers a free 24/7 emergency service.
Santam’s car insurance options include comprehensive coverage, which is the best option. Limited coverage for accidental loss or damage caused by fire, lightning, explosion, or attempted theft and covered only by third parties.
2. Old Mutual Automobile Insurance
Old Mutual is a comprehensive motor vehicle that covers standard and off-road vehicles. They offer coverage for theft, loss, damage, kidnapping, natural causes, third-party liability, etc.
If you want less comprehensive coverage, Old Mutual covers legal costs if you damage another vehicle or injure a third party. You can choose from only.
Optionally, you can add car rental and loan default insurance to your policy. This automatically entitles you to generous support benefits such as a key or remote control.
3. Budget Insurance Car Insurance
Budget Insurance offers several affordable auto insurance options, including Collision Damage Waiver, Third Party Liability, Fire and Theft, and Third Party Liability Only. You can also choose insurance against the vehicle’s retail, commercial, or market value.
Comprehensive plans include all necessary options for auto insurance and allow customers to claim theft, accidental damage, and damage to the vehicle or third-party property.
Budget Insurance’s liability, fire, and theft coverage will cover you if your car is stolen or if you sustain certain damage, such as a collision by fire. You can also claim damages that your vehicle causes to someone else’s property.
4. Dialdirect Auto Insurance
Dialdirect offers flexible, affordable, and comprehensive car insurance in South Africa that offers monthly cash back for good driving only if you download and register for the Dialdirect insurance app.
It also offers additional benefits, such as monthly coupons for retail partners via the app and tow trucks directly to your location via the app track feature. Claim payments are quick and processing time for specific claims is the same day. In addition to standard cars, Dialdirect also covers SUVs, motorcycles, RVs, trailers, watercraft, and golf carts.
5. Discovery Insure Auto Insurance
Discovery Insure provides a market-leading insurance company in South Africa for drivers at competitive prices. Enjoy benefits such as deductible payments for specific insurance claims and the ability to write off your vehicle for minor damage.
They also offer the opportunity to participate in Vitality Drive, a driver behavior program that rewards good driving habits. Quads, motorcycles, trailers, and personal watercraft can also be insured.
Discovery Insure has three, Classic, Purple, and Purple Plan. The Purple Plan offers discounts on rewards if you own more than one car (he can only drive one at a time). You can also increase the number of rental days from 30 to 60 and upgrade your rental car group.
6. OUTsurance Car Insurance
With OUTsurance, you get many benefits besides your standard car insurance companies in South Africa. These include a fixed deductible regardless of the claim and a fixed premium for 12 months, even if you report the claim during this period.
Enjoy fast claims payouts and a cash-out bonus that returns 10% of another premium after 3 years of no claims. Hail damage is automatically compensated, and Help@OUT roadside assistance is available in case of a fuel shortage, flat tire, or road emergency.
7. 1st for Women’s Car Insurance
1st for Women car insurance in South Africa has been developed specifically to meet the unique needs of South African women. They offer comprehensive liability, fire and theft coverage, third-party-only coverage, and BetterCar.
Their motorcycle insurance comprehensively covers damage to your bike and specific accessories. Their Off-road insurance is perfect for SUVs and 4x4s. Detailed coverage applies to these vehicles and their contents if you own trailers and caravans.
8. King Price Car Insurance
King Price is known as one the best car insurance companies in South Africa, with service providers that lower its customers’ monthly premiums as the value of their vehicles declines. But its affordability continues. Get lower monthly premiums two when you insure 2 or more cars with King Price.
You can also insure other items for as little as R1 per month and choose a deductible that fits your budget. Lower your deductible and increase your premium, or increase your deductible and lower your premium. It’s up to you.
9. Momentum Auto Insurance
With Momentum Auto Insurance, you can receive up to $30.00 in refunds and rebates from retail partners when you join the Momentum Multiply rewards program. They also offer coverage for caravans, vans, trailers, and motorcycles; auto insurance includes free roadside assistance in emergencies.
You can choose from three options: Comprehensive, Limited, and Liability Coverage. Comprehensive insurance pays for accidents, theft, kidnapping, loss, damage, towing and storage, fire, explosion, and third-party liability.
10. MiWay Car Insurance
MiWay is one of the best car insurance companies in South Africa that offers captive plans with affordable premiums, excellent customer service, and manageable deductibles.
This insurance provides the driver with free roadside assistance and six free rides on his WeDrive per year. So, it allows you to get home safely in your car when you can’t drive.
Get Your Car Insurance Now!
The point of this article was to introduce the 10 best car insurance companies in South Africa to help you to get car insurance and protect your car easily.