The cost of living continues to rise, and many South Africans are looking for ways to stretch their rands further — including how much they pay for car insurance. While it’s essential to have cover to protect your vehicle and financial wellbeing, that doesn’t mean you should overpay for it. By making a few smart adjustments, you can secure the protection you need without straining your budget.
Here are ten practical ways to reduce your car insurance premiums this year.
1. Compare Policies Before You Commit
Insurance premiums vary widely across providers, even for similar coverage. Instead of settling for the first quote you receive, take time to compare options. Many comparison platforms make it easy to evaluate prices, benefits, and excess structures side by side so you can find out how to save on car insurance that suits your driving habits and budget.
2. Increase Your Excess — Carefully
A higher voluntary excess (the amount you pay out of pocket when claiming) can significantly reduce your monthly premium. However, it’s important to ensure that you can afford that amount in the event of an accident. Strike a balance between affordability now and preparedness later.
3. Drive Less, Pay Less
If your car spends more time in the driveway than on the road, consider pay-per-kilometre or limited mileage cover. Insurers often offer discounted premiums for low-mileage drivers because less time on the road equals less risk of accidents.
4. Install Safety and Tracking Devices
Vehicle tracking systems and anti-theft devices not only protect your car but also reduce your insurance risk profile. Many insurers reward this added security with lower premiums. Before installation, confirm with your insurer which devices qualify for discounts.
5. Park in a Secure Location
Where your car “sleeps” matters. Vehicles parked in garages or gated complexes are less likely to be stolen or vandalised. By improving your car’s security environment, you demonstrate lower risk to insurers — often leading to reduced premiums.
6. Maintain a Clean Driving Record
Your driving history plays a key role in determining your insurance cost. Safe drivers with minimal claims or traffic offences generally enjoy lower rates. Practise defensive driving, obey speed limits, and avoid distractions to keep your record clean.
7. Bundle Your Policies
If you have more than one insurance policy — such as home, life, or car insurance — consider combining them under one provider. Many insurers offer multi-policy discounts, rewarding you for your loyalty with lower overall premiums.
8. Review Your Policy Regularly
Your insurance needs change over time. You may be eligible for a lower premium if your car’s value has depreciated or if you’ve moved to a safer neighbourhood. Reviewing your policy annually ensures you’re not paying for unnecessary coverage.
9. Avoid Unnecessary Add-Ons
Extras like roadside assistance, car hire cover, or windscreen protection can be useful, but not everyone needs them. Assess whether these add-ons provide real value for your situation. Removing non-essential benefits can cut your premium costs.
10. Maintain a Good Credit Score
Many insurers use your credit profile as a measure of reliability. A strong credit score can work in your favour by qualifying you for better rates. Pay bills on time and manage debt responsibly to keep your financial profile in good standing.
Final Thoughts
Saving on car insurance doesn’t have to mean cutting corners on cover. With a little effort, strategic planning, and regular reviews, South Africans can enjoy the peace of mind that comes from being insured — without overpaying. For tailored advice and reliable coverage options, explore the benefits offered by Miway Insurance and take the first step toward smarter, more affordable protection for your vehicle.