The number of unisured vehicles on South Africa’s roads is currently around 70% and the insurance industry has to some extent caused the inflated premiums in the past by not offering a good enough product range that is both affordable and versatile. This left the door wide open to competition in the car insurance industry and we now find that the car insurance companies are fighting each other for every policy, bringing down costs and in a joint drive, are educating people on the importance of having car insurance in an effort to get more cars covered.
What this in effect does is reduce their risk and costs when an accident does occur by being able to claim back their loss and your excess from the Car Insurance company whose customer was at fault. The overall effect of having a much higher percentage of cars on the road insured is that the risk to all of the Car insurance companies is spread even wider, which will filter down to the consumer in the form of cheaper car insurance premiums.
If you were previously unable to afford car insurance, now is the time to start looking at getting cheap car insurance by playing the different insurance companies off against one another in order to get the cheapest car insurance. The best part of it is that all you have to do is request a car insurance quote once and you will get up to nine insurance companies calling you and quoting for your business. How times have changed!
Even if you prefer to deal with the Likes of ABSA insurance, OUTsurance or any of the other well known insurance companies, you are in the position to get the best car insurance rate from them by letting them know you are shopping around for the cheapest car insurance. The very fact that these well know car insurance companies and financial institutions are advertising so competitively is reason enough to believe that they are willing to give you the cheapest car insurance to get your business.
Car insurance is very important and should not be done without, so make sure that you are getting the cheapest car insurance by getting competitive car insurance quotes. Start your path to protection by finding out what car insurance really costs right now, it costs nothing to get quotes and you could be getting the cheapest car insurance in a matter of minutes.