Category Archives: Insurance Tips

Saving money on your auto insurance ?

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Times are hard at the moment, salaries are not going up or only a little, but living cost have exploded over the last few months with electricity prices yet to increase.

How can you save on auto insurance premiums ?

  • Get quotes from multiple insurance companies
  • Increase your excess (the part you will be liable for yourself if involved in accident) but make sure you can pay your excess from savings ( Tip: Start putting away the savings or part of it you are making on your auto insurance premiums)
  • If your car is paid for and it is old you might consider going only for third party cover
  • If you do only a certain amount of kilometers a year it might be a good option to go for an auto insurance where you pay for the distance you drive. (It might save you petrol as well, maybe you will think twice before you get in your car, or you start combining trips)

Pay as you Drive

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Auto Insurance is partly based on the average kilometers insured people drive. But isn’t that unfair if you drive far less as the average person because you might be a stay at home mum, your work from home etc. There can be many reasons why you drive less as the average person. Why should you pay high premiums for your auto insurance if your car is standing still most of the time. Obvious you are at a lower risk to be involved in a accident as the business person who drives 30000 Km a Year.

Here is where Pay as you Drive comes into play. Hollard’s Pay as you drive is the first personalized auto insurance in South Africa where your auto insurance premiums are directly related to the number of kilometers you drive.

Pay As You Drive – Personalised auto insurance, where auto insurance premiums are based on your monthly mileage! Click Here to visit hollard for a quote

How to save on insurance premiums

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Insurance premiums can make a substantial dent in your monthly budget. However it is very important that you have your car covered with the correct insurance and cover. Being uninsured can destroy you financially when you are involved in a car accident.

Some steps you can take to reduce your insurance premiums

  • Get quotes from several motor and car insurance companies and compare them.
  • Increase your excess (the amount you are liable for in case of an accident or damage to your car).
  • Fit an A VESA approved immobiliser and install a tracking device.
  • Before you buy a new car do your homework, some car makes and models are more expensive to insure so it might pay to buy a different make or model.
  • If you are not doing a lot of kilometers it might pay to opt for a pay as you drive insurance where your premiums are determined by the distance you drive. The less you drive the lower your monthly insurance premium.
  • Drive responsible. A no claim history is good for lower future insurance premiums and some insurance companies even pay a bonus after a couple of your no claiming.