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A very necessary part of buying a car, whether used or new, is understanding the running costs. Because, as we know, the true cost of a car is not just the purchase price. It’s also the cost of the fuel you’ll use, service and maintenance bills, and car insurance premiums.
When you add these amounts to your monthly car payments, you will determine if you can afford the car before you buy it. Great, right?
In our effort to help you find an affordable car, we did our due diligence and put together a list. Do you want to take a look at the 5 cheapest cars to insure in South Africa?
Of course. We’ll even give you some tips on how to keep your premiums as low as possible.
But first… These factors affect your premium
We really understand the need to know how much things cost. Seriously, who really wants to put something in their cart that they need to buy without knowing how much it’s going to cost them? Not us, that’s for sure.
So, we use our experience and do our research to bring you those average costs. However, you must first understand that all car insurance companies in South Africa will use your personal information and the details of the car you want to cover to calculate a premium that is accurate for you and only you.
Factors the king uses to create his bonus:
- Driver profile: your age, gender, driving history and claims history (when and what you have claimed over the last few years).
- Car Profile: The age, color, make and model of the car you want to cover.
- Usage: Where and how you use the car (for business only, for personal use only, or a little of both), as well as where you park it during the night and day.
- Some extras: security measures (such as immobilizers, trackers, alarms), any improvements you’ve made to the car, and what type of insurance you want.
And now let’s get into the average monthly insurance premium in 2024 for the 5 cheapest cars to insure.
the 5 Cheapest cars to insure in South Africa*
- Renault Kwid: The average 30-year-old driver could pay a monthly premium of R750 for comprehensive cover.
- Volkswagen Polo Vivo: The 1-litre model could cost around R950 a month to fully insure.
- Suzuki S-Presso: Comprehensive cover for this car could cost around R732 a month.
- Toyota Yaris – The monthly comprehensive insurance premium for this car is around R1,500, but could be as low as R800.
- Toyota Corolla – The average monthly cost to comprehensively insure this car in South Africa could cost between R1000 and R2000.
*Please note: all premiums depend on risk profile.
Don’t pay more, don’t delay
You could be paying too much for your car insurance. It’s true, and you should do something about it.
Wondering what to do? Follow these simple steps:
- Choose a car insurance option cheaper than comprehensive coverage, such as King’s Theft and Write-Off Car Insurance (covers the total loss of your car, such as if it were written off, stolen or hijacked and not recovered).
- Keep an eye out for discounts, such as the Royal Multi-Car Discount, which gives you up to 20% off your premiums depending on the number of cars you fully insure with us.
- Choose a higher (but still affordable) deductible, because a higher deductible = a lower monthly premium.
- Repair minor damages yourself instead of filing a claim (but still tell us).
The king supports you
Again, we must emphasize that the cheapest premiums listed above are simply average calculations, which do not take into account the fact that you may be a 42-year-old man, with a clean driving record and no claims history. Or maybe you are 22 years old and have 3 accidents under your belt. These details are very important and believe us, in our kingdom we care about making sure your premium is accurate for who you are and the car you want to insure.
Basically, the king has your back with simple, affordable car insurance that’s been expertly crafted so we can be there for you and your car.
Click here for a no-obligation insurance quote or you can call or WhatsApp us on 0860 50 50 50.
Psst… This blog provides general information only and does not count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums depend on risk profile and T&Cs apply. Our most up-to-date KPPD (policy drafting) can always be found here.
The T&Cs of our website can be found here.
The 5 cheapest cars to insure in South Africa
Summary
Article name
The 5 cheapest cars to insure in South Africa in 2024
Description
Are you looking for the cheapest car insurance? It is tied to the car you choose. These are the cheapest cars to insure: 1. Kwid 2. Polo 3. S-Presso 4. Yaris 5. Corolla
Author
The king
Publisher name
king price insurance
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#cheapest #cars #insure #South #Africa