Expensive first time car insurance

Don't get a Vivo 1.6, go through a broker, if you have to get higher excess for now to lower premium until you've got a history.
 
OP,

Rather get a 1.4, and not a VW hatchback anything.

Drive the cheaper car for a few years. Build up an insurance history. And in a few years relook the numbers.
 
Lupus said:
Don't get a Vivo 1.6, go through a broker, if you have to get higher excess for now to lower premium until you've got a history.
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I was looking at a few other options for cars (i20, rio), although I feel like you get 'more car' for the same amount of money with a Polo Vivo. Unfortunately with that comes the risk.

In any case, I've contacted two brokers, lets see what they can come up with for me.
 
fivenine said:
I was looking at a few other options for cars (i20, rio), although I feel like you get 'more car' for the same amount of money with a Polo Vivo. Unfortunately with that comes the risk.

In any case, I've contacted two brokers, lets see what they can come up with for me.
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You really don't with a Polo Vivo, you get a stripped down version of an older car.
 
Don't worry, it will come down after 5 years comprehensive with no claims. We've all been there.
 
fivenine said:
So this is my situation

I am 25 years old
I haven't had car insurance before
The car will be used for business use as well
The car I'm insuring is a VW 1.6 Polo Vivo

This seems to be the worst combination of details for car insurance, and as you can imagine, I am getting raped on premiums.

So far I've had quotes from Outsurance for R3000, Discovery for R2600, and R3500 through a broker who uses Santam. Discovery quoted an excess of R3500, the others should be similar.

In any case, does anyone have any ideas (I don't know if you allowed to insure under someone elses name) or perhaps a preferred insurer I should contact to get a better premium.

Still need to try a few, MiWay, Budget and the like. Also having a rethink if I should get the Polo Vivo. For the amounts quoted I can get a spare car on finance :erm:
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Thats a pretty bad combo.

The worst combination is actually 19 year old with a black GTI. The premiums are higher than the repayments.

What most people do is get their insurance though someone else (like mom or dad). Its a bit crap but saves money. They keep moving the goalposts on the age thing, probably the best thing is to just get insured and get some rep... don't get in to accidents.
 
Lupus said:
You really don't with a Polo Vivo, you get a stripped down version of an older car.
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namzsteve said:
Wrong.
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Well to be particular, this is a 2015 1.6 VW Polo Vivo Comfortline, 45000km, R129 900. I believe this to be a good deal, and haven't seen equivalents (figos, i20s, rios) from legit dealerships for the same price. Only these randoms in the middle of Johannesburg CBD which ask for 'cash only!!!!'.

Update on the quotes though, I've just got one for R1600 with a broker through Santam. Much better, still pricey.

Nerfherder said:
Thats a pretty bad combo.

The worst combination is actually 19 year old with a black GTI. The premiums are higher than the repayments.
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Ah, that IS a fun fact I learnt today actually. A black colour car is apparently the worst to have premium wise.
 
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The_MAC said:
Key word, "Regular Driver" - Perfectly legal and allowed

Sure, if you don't mention that you are the regular driver and they maybe check access records at your office park for example then you are in trouble. But if you state you are the regular driver, then no issue, only a difference in premium perhaps.
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I shouldn't work and reply to threads that I haven't read properly, my bad :P Saying that though, I'm sure the risk profile is based on the regular driver and not whoevers account the premium is getting debited.

reactor_sa said:
Don't worry, it will come down after 5 years comprehensive with no claims. We've all been there.
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5 years+ and still waiting. The absolute BS I've heard from my brokers brings tears to my eyes. Car insurance is really messed up if you ask me.
 
Best option is try to not get a Vivo. The amount you save on the repayment might be offset by cheaper insurance, so work it out. Also think about warranty / extended warranty. Car may be cheap but it must also be maintained.

Be absolutely certain with the information given. Make sure it is clear that you are the regular driver if it is on someone else's name. Technically this shouldn't matter as the premium is priced on the regular driver. At claim stage you must be confident all particulars given are correct. If anything changes during the policy term, update them about it quickly.

Make sure your travelling meets their definition of business use. It may be just outside of it.

Shop around a lot, you are a bad risk on paper, so insurer's will slap you a big premium because they don't want bad risks, unless they are certain they can make a big margin.

Keep in mind insurers are also aggressive on new business, meaning they will pump the premium come renewal time and see if you stay, so that R1600 now could be R2000 in a year. If you keep a clean claim history you could likely find a cheaper quote at renewal anyway (probably from another insurer--remember, aggressive on new business).

Again, shop around a lot, brokers, direct, etc. Get 10 - 20 quotes, someone will want the business. Motor insurance is competitive. Bite the bullet for now because it will come down eventually.

I haven't had a significant claim with them, but King Price has always been the best for me by far, and my profile is very similar to yours, except my car (also VW) is twice the value but my premium is lower than even your best offer. And my excess is R1500. This took a lot of work though, because my initial premium was nearly 30% higher and I was also quoted north of R3000 often.

In time it will come down.
 
I'm lucky I got my license in May 2016 bought the car the following month, Honda brio Mi Way quoted me R1270 with excess of R7500.

I moved to King Price March 2017 they quoted me, R1150 with excess fee of R4500 I'm same age group as you. Maybe like others said try to look for something, other than VW cause insurance is going to be expensive. One of my colleague he is paying R1800 with excess fee of R10500.

Where is he going to get R10500 if he is involved in an accident.
 
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