A very necessary part of buying a car, whether it’s second hand or new, is to understand the running costs. Because, as we know, the true cost of a car isn’t just the purchase price. It’s also the cost of fuel you’ll use, service and maintenance bills, and car insurance premiums.
When you add these amounts onto your monthly repayments for the car, you’ll work out if you can afford the car before you buy it. Nifty, right?
In our effort to help you hunt down an affordable car, we’ve done our due diligence and put together a list. Want to take a sneak peek at the 5 cheapest cars to insure in South Africa?
Of course you do. We’ll even throw in a few tips on how to keep your premiums as low as possible.
But first… These factors affect your premium
We really do understand the need to find out what things cost. Seriously, who actually wants to put something in their cart that they need to buy without knowing what it’s going to cost them? Not us, that’s for sure.
So, we’ve used our expertise and done our research to get you those average costs. First though, you need to understand that all car insurance companies in South Africa will use your personal info and the details of the car you want to cover in order to calculate a premium that’s accurate for you and only you.
Factors the king uses to create your premium:
- Driver’s profile: Your age, gender, driving history, and claims history (when and what you’ve claimed for over the past couple of years).
- Car’s profile: The age, colour, make, and model of the car you want to cover.
- Use: Where and how you use the car (for business only, personal only, or a little of both), as well as where you park it at night and during the day.
- A few extras: Security measures (like immobilisers, trackers, alarms), any upgrades you’ve made to the car, and what kind 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 in the region of R950 a month to insure comprehensively.
- Suzuki S-Presso: Comprehensive cover for this car could cost around R732 a month.
- Toyota Yaris: The monthly comprehensive insurance premium for this car sits around R1,500, but could be as little as R800.
- Toyota Corolla: The average monthly cost to comprehensively insure this car in South Africa could cost between R1,000 – R2,000.
*Please note: All premiums are risk profile dependent.
Don’t overpay, don’t delay
You could be paying way too much for your car insurance. It’s true, and you should do something about it chop-chop.
Wondering what to do? Follow these simple steps:
- Choose a cheaper car insurance option than comprehensive cover, like the king’s theft and write-off car insurance (it covers the total loss of your car, like if it’s written-off, stolen, or hi-jacked and not recovered).
- Look out for discounts, like the king’s multiple car discount which gives you a discount of up to 20% off your premiums based on the number of cars you insure comprehensively with us.
- Choose a higher (but still affordable) excess, because a higher excess = a lower monthly premium.
- Fix minor damages yourself instead of putting in a claim (but still tell us about it).
The king has your back
Again, we need to stress that the cheapest premiums listed above are simply average calculations, which don’t consider the fact that maybe you’re a 42-year-old man, with a clean driving record and zero claims history. Or perhaps you’re 22 years old and have 3 accidents under your belt. These details matter a great deal, and trust us, in our kingdom we care about making sure that your premium is accurate to who you are and the car that you want to insure.
Basically, the king’s got your back with simple cheap car insurance that’s been expertly put together so that we can be there for you and your car.
Click here for a commitment-free insurance quote or you can call or WhatsApp us on 0860 50 50 50.
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.
