How to pay less for your car insurance
No one likes paying for the stuff they actually need. We all just want our Rands to go towards fun, food, holidays, new clothes, and another parrot for our jungle-themed ceramic animal collection.
But there is, admittedly, some satisfaction in paying for things like a place to live, school for your kids, and car insurance. The good news is that most of these responsibilities don’t have to be expensive. You can usually choose accommodation within your budget, opt not to send your kids to the super fancy, ridiculously expensive school, and get the king’s simple cheap car insurance.
To help you get the most out of your moola, we’ve narrowed down the 6 fairly straightforward ways that you can use to make your car insurance premiums cheaper.
- Change to cheaper car insurance cover
It’s a no-brainer. If you’re paying too much and want to pay less (like most people), then you should talk to us at King Price for a quote on your car insurance. We pride ourselves on offering simple cheap car insurance to everyone. Also, we don’t just have impressively cheap comprehensive car insurance for you… If your car’s on the older side and not hugely valuable, you should check out our cheaper cover options.
We’ve got 3 cheaper options:
- Theft and write-off insurance, which covers your car if it gets written-off, stolen, or hi-jacked.
- Third party only insurance is the most basic (and cheapest) because it covers liability for accidental damage to a third party’s
- Third party, fire and theft insurance is the 1 you want to cover theft, damage by fire, and liability for accidental damage to a third party’s property.
- Question those car insurance bonuses
You know those bonuses or rewards that are given to you for not claiming? Yeah, that cash is built into the cost of your monthly premium. Essentially, you’re paying yourself for not claiming, and that’s not necessarily a bad thing. because you can save money and watch it grow. You just need to know that you can find cheaper cover through policies without these kinds of bonuses added on, or from asking if you can remove this potential reward.
- Take those car insurance discounts
Discounts are different to bonuses and rewards in that it’s not a cash amount built into your premium, which you only *possibly* earn by not claiming. It’s a percentage that’s literally taken off your premium every month.
Take the king’s discount of up to 20% that you get when you insure multiple cars comprehensively.
- Don’t cancel your car insurance cover
We get that it’s tempting to cancel your cover, especially when you know that you won’t be driving around for a few weeks or even months, or because your car is too old and worth next to nothing.
Just think about all that cash you’d save… And then think about what you’d pay if you and your beloved 20-year-old cheap as chips ride got into an accident with something shiny from this century. You could be out literally thousands of Rands, with no cover to have your back.
The reality is that the longer you’ve had uninterrupted car insurance (and it doesn’t matter who with), the better your premium will be.
- Choose your car insurance excess
It used to be that your car insurance quote would come with an amount you pay every month (your premium) and an amount you only pay if you put in a claim (your excess). It just was what it was, take it or leave it.
But now you have more flexibility. For instance, our royal strategy for helping you save on your insurance includes giving you the freedom to change your excess so that you can influence your premium.
How it works is that if you choose a higher excess, you’ll get a lower premium (and vice versa). Just make sure that you can afford the excess, because without paying this fee, your claim won’t go forward.
- Fix little things yourself (or use a different policy)
So, having just spoken about your car insurance excess… If the damage to your car costs close to your excess amount (or less), it’s worth not filing a claim. And how does this save you cash? Well, the more you claim, the higher your premium will be, so if the damage is small enough for you to pay, then it could make more sense not to claim in the long run.
Of course, in this scenario if you have 1 of those value added product cover options, like scratch and dent insurance, you can pay the much lower excess and claim to have the damage repaired without involving your main policy. So, when you claim is related to 1 of our value added products, your main cover won’t be affected.
Here’s what the king offers:
- Scratch and dent insurance to cover minor repairs to your car’s exterior.
- Tyre and rim insurance to pay for replacements or repairs to your tyres and rims.
- Little dings and tyre things bundles our royal scratch and dent cover with tyre and rim insurance for a better price.
We hope that this info has helped and if you’re interested in getting a commitment-free car insurance quote, then WhatsApp us on 0860 50 50 50 or click here to visit our website and request a call back.
Psst… This blog provides general info only, and doesn’t count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums are risk-profile-dependent, and T’s and C’s apply. Our most up-to-date KPPD (policy wording) can always be found here.
Our website T’s and C’s can be found here.
