8 Car Insurance Companies in South Africa & the Benefits

8-Best-Insurance-Companies-in-South-Africa-and-the-Benefits-They-Offer

Car insurance can protect car owners from financial loss caused by car accidents or car theft. To get this protection, South African car owners can contact one of the car insurance companies in South Africa.

Contacting these companies is not a big problem for them because South Africa is the home of many insurance companies. However, car owners must ensure that they only get car insurance from the best and most trusted car insurance companies in South Africa.

The Best and Most Trusted Car Insurance Companies in South Africa

Car insurance offers protection against particular financial loss. However, purchasing it from the worst insurance companies will instead give car owners higher risks of financial loss and disappointment.

Therefore, car owners must avoid these risks by purchasing insurance from trusted car insurance companies in South Africa. Below are the top South African car insurance providers car owners can trust in 2022.

1. King Price

King-Price-1

One of the most trusted car insurance companies in South Africa is King Price. This insurance company has been in the business for around ten years. Its main products are short-term insurance, such as car insurance, building insurance, and household insurance.

King Price offers various car insurance types. Therefore, South African car owners can choose the car insurance type that suits their needs.  These the car insurance types are:

  • Comprehensive insurance
  • Collectable car insurance
  • Third-party, fire, and theft
  • Theft and write-off
  • Third-party only

The car insurance products from King Price are popular among SA car owners. They like these products because King Price has many optional extra covers to customize their insurance plan. This company also offers discounts for those who insure 2 cars or more.

Most importantly, car owners love King Price’s products because the company gives them many advantages.

  • Fast and easy claim
  • Decreasing premiums
  • 24/7 emergency assist
  • The King’s Cab

2. Momentum

Momentum-2

Momentum is one of the well-established car insurance companies in South Africa. The company has been providing South Africans with car insurance, health insurance, and other insurance products since 1973.

Compared to other South African car insurance companies, Momentum is the most experienced one. Therefore, it is no wonder that many South African car owners trust Momentum as their car insurance provider.

Some benefits provided by this company are 24/7 roadside assistance and quick claim via the app. Moreover, this insurance company offers four car insurance products.

  • Momentum Select: It is affordable and basic car insurance. It covers many benefits, rewards, and innovative features.
  • Momentum Priceless: This comprehensive car insurance is customizable with extra covers. Therefore, car owners can get the protections they need by adding extra covers.
  • Momentum Envoy: It is personalized comprehensive car insurance for high-net-worth car owners. Its coverage includes all the best benefits, rewards, safety features, and conveniences.
  • Momentum 55+: This car insurance is for car owners aged 55 or more. Its coverage includes emergency assistance, no excess on extra coverage, and cashback rewards.

3. Dial Direct Car Insurance

Dial-Direct-Car-Insurance

One of the most trusted car insurance companies in South Africa is Dial Direct. This company has 19 years of experience in providing car insurance products and other insurance products.

South Africans who have car insurance from Dial Direct will get many benefits. One of them is easy access to tow truck road assistance. Via the Dial Direct app, they can get this assistance easily and quickly. The app also enables them to file insurance claims easily.

In addition, this insurance company will give insured parties 25% of the total premium or the first year’s premium when they do not file any claims in four years.

4. MiWay

MiWay

Many car insurance companies in South Africa offer a specialty in short-term insurance, such as car insurance. One of them is MiWay. Unlike other big car insurance companies in South Africa, MiWay has unique ways of valuing the assets of the insured parties.

The company allows car owners to choose to insure their cars based on their chosen values. These values are market value, special agreed value, retail value, and trade value.

Moreover, unlike other car insurance companies in South Africa, MiWay offers four coverage levels, including Total Loss. Total Loss will give the insured parties protection against financial loss caused by theft.

Having MiWay car insurance will allow car owners to get many benefits. Examples of these benefits are a hassle-free claim process, affordable premiums, and roadside emergency assistance.

5. Discovery

Discovery-1

Among the top-ranked car insurance companies in South Africa, Discovery is well experienced in providing car insurance. Discovery has 30 years of experience in the insurance business. Therefore, SA car owners will get the best insurance service from the company.

Discovery offers three types of car insurance. Its comprehensive car insurance is available in four plans. They are essential, dynamic, executive, and classic.

The insured parties will get some benefits, such as immediate emergency assistance and rewards, from discovery car insurance.

6. OUTsurance

OUTsurance

OUTsurance is one of the most trusted insurance companies in South Africa. This company has two types of car insurance, they are essential car insurance and comprehensive car insurance.

The rates of these insurance products are more affordable than the car insurance rates from most car insurance companies in South Africa. Moreover, OUTsurance also gives car owners many benefits, e.g., roadside assistance, cash bonus, and low-flat excess.

7. Old Mutual

Old-Mutual

Many  insurance companies in South Africa offer affordable rates. One of them is Old Mutual. Despite its low car insurance rates, Old Mutual is capable of delivering excellent services.

The company also offers insurance benefits similar to the others. Those benefits are emergency services, road assistance, and car hire.

8.Auto and General

Auto-and-General

Auto and General is another well-established car insurance in this country. It has three decades of experience in the insurance business. This experience has allowed the company to provide superior car insurance service and excellent benefits for the insured parties.

Tips For Choosing a South African Insurance Company

Tips-For-Choosing-a-South-African-Insurance-Company

The number of top-ranked car insurance companies in South Africa can make car owners feel bewildered in choosing where to buy car insurance. To ensure that they purchase car insurance from the best company, they must consider:

  • The company’s experience
  • User and expert reviews
  • Benefits the company offers
  • Car insurance types or plans from the company

Car insurance companies in South Africa are numerous. However, not all of them provide the same quality of services. Therefore, South African car owners must only select the best car insurance company when purchasing this insurance.

Examples of top insurance companies in the country are King Price, Momentum, Dial Direct, and MiWay. Each of them offers slightly different insurance plans and types. Therefore, car owners can get car insurance plans that suit their needs.