Car insurance is a necessary expense for South African drivers, but it doesn’t have to break the bank. When it comes to insuring your vehicle, various factors come into play, and the type of car you drive is a significant one. In this blog post, we’ll explore the top 5 cheapest cars to insure in South Africa, helping you make an informed choice that saves you money. We’ll also touch on factors affecting insurance premiums and briefly discuss the most expensive cars to insure. Plus, we’ll share some tips on finding the best insurance deals.
Factors affecting car insurance premiums in South Africa
Before we delve into the list of affordable cars to insure, it’s essential to understand the factors that influence your car insurance premiums. Insurance companies consider various aspects when determining the cost of your coverage:
- Driver profile: Your age, gender, and driving history play a significant role in premium calculation. Younger, inexperienced drivers and males often face higher premiums.
- Vehicle usage: Where and how you use your car matter. Parking in a secure area and using your vehicle primarily for personal use can lower your premium.
- Type of insurance: Comprehensive insurance covers a wide range of incidents, while third-party options offer limited coverage. Your choice affects your premium.
- Car’s age and make: Older cars with lower replacement values are typically cheaper to insure. Locally assembled cars often have readily available parts, reducing costs.
- Security measures: Features like immobilizers, alarms, and trackers can lower your premium.
Now that you know what factors affect insurance premiums, here’s a look at which cars are the cheapest to insure in South Africa.
Top 5 Cheapest Cars to Insure in South Africa
1. Renault Kwid
Starting at R160,000 to buy second hand. A Renault Kwid is one of the cheapest cars to insure in South Africa. On average a 30 year old driver will pay a R750 monthly premium.
2. Volkswagen Polo Vivo
A Volkswagen Polo Vivo is probably one of the most popular choices for South African drivers, mostly because it’s an affordable car to buy, parts are easily available and it’s light on fuel. A litre model will cost around R950 a month to insure.
3. Suzuki S-Presso
If you’re driving around the biggest cities you’ll see these everywhere on the road, that’s because a S-presso starts at retail price of R135 000. If you’d like comprehensive cover for this car you’ll be paying around R732 per month.
4. Toyota Yaris
A Toyota Yaris, is both compact and reliable, in South Africa it’s well known for its safety features, which means your insurance premiums will automatically be lower. The cost to insure a Toyota Yaris in South Africa can vary between approximately R800 to R1,500 per month
5. Toyota Corolla
A classic favourite among South African drivers, the Toyota Corolla offers affordability and dependability, resulting in lower insurance rates. On average, you can expect to pay between R1,000 to R2,000 or more per month to insure a Toyota Corolla, again depending on various factors
These cars provide cost-effective options for insurance in South Africa, whether you prefer new or used vehicles. While these cars are affordable to insure, it’s essential to consider your specific circumstances and insurance needs when choosing a vehicle.
Where can I find car insurance quotes in South Africa?
Shopping around for the best insurance deal is a smart move. You can easily compare quotes from various insurers online to find the most competitive rates. Compare car insurance offers with Hippo, the website offers a convenient way to get multiple quotes from reputable insurance companies.
If you prefer speaking to a human, most insurance providers offer the option to request a callback, where a representative will assist you in finding the right coverage for your needs.
Finding affordable car insurance in South Africa requires careful consideration of various factors, including the type of car you drive. While the list of affordable cars to insure remains relatively consistent for new and used vehicles, insurance costs may vary based on your specific circumstances. To secure the best insurance deal, compare quotes online, and keep in mind the factors that influence premium calculation. With the right choice of car and insurance provider, you can enjoy cost-effective coverage and peace of mind on the road.