Motor insurance: Santam vs Auto & General

If a brokers book is burning they will get increases on their book and could be across the portfolio not only claimants.
 
Hemi300c said:
If a brokers book is burning they will get increases on their book and could be across the portfolio not only claimants.
Click to expand...
Interesting! Something I am sure the broker in question will try not to divulge as to why one's premiums might have increased substantially in the last re-rate evaluation!!

PP, as per Hemi's point 5, you aren't comparing apples with apples because the excesses are different. Get the excesses the same and then you will have a better comparison.
 
PostmanPot said:
I'm going through a broker and have insisted on doing everything to bring the price down. Still, 30% more than A&G (R950 vs R650).

The advice is that I should stay with Santam. Something tells me there is extra commission from them.
Click to expand...
Auto & General is 30% cheaper than Santam...and Santam is 50% more than Auto & General. :whistle:

(roughly)
 
Santam division is not doing too well financially. It seems across the board they don't pay the panelbeaters on time. Always pay months behind when they do eventually pay.
 
When my mother tried to claim from A&G they gave her the run around. From her experience I would say don't go near them. Its no good having cheaper insurance if they don't pay when you try to claim
 
Roger Moore said:
Santam division is not doing too well financially. It seems across the board they don't pay the panelbeaters on time. Always pay months behind when they do eventually pay.
Click to expand...

Actually Santam is one of the very few which made a profit for the year 2013-2014. They are in the process of going onto a new IT platform and that could be a cause. Santam is the most financially sound short term insurer in SA.
 
Beachless said:
A&G has a pretty bad record in my opinion and they run several other insurance companies.

Santam and Mutual Federal are the only ones I feel comfortable with.
Click to expand...

Same here as well. Only 2 companies I would deal with.
 
I use a broker and most (probably all) of my stuff is insured by Hollard.

My Golf GTI + Opel Corsa + House Content + Building Insurance + Triumph Street Triple all come to R1678 per month.

That's with no excess except on the bike. I don't recall example but I recall the Golf being 450 odd and the Corsa 280 or so.

Bike was about the same as the car from what I recall, but has the R2500 excess.
 
auto & general is the most useless company in the world
the only reason they dont have their own banner in sandton, is because that same anti-cellc guy obviously doesnt insure with them
 
Hemi300c said:
Actually Santam is one of the very few which made a profit for the year 2013-2014. They are in the process of going onto a new IT platform and that could be a cause. Santam is the most financially sound short term insurer in SA.
Click to expand...

I'll refrain from commenting about that. I've got a R390 cheaper quote from M and F.
 
I have had both. I have gone back to Santam.

Many of my colleagues have had Auto and general. The cheap premium is only for one year, the 2nd year it goes up to the normal premium. Santams claim rejection rates are lower.

So you could switch to A&G and then switch back to santam.
 
Please may I get your thoughts on this?

Bknn5zEl.jpg


fc3iYzml.png


Larger version of the second picture here - http://i.imgur.com/fc3iYzm.png.
 
and that R99 pm thing is most likely one of those where there is a limit ..like a scratch and they will only cover 2k

or something like that
 
PostmanPot said:
Please may I get your thoughts on this?.
Click to expand...
Me personally, I would stay away from anything offered by them. I would go through a short term broker.
They own Mi-way - enough said.
Those VAP (value added products) are very limiting and your chances of getting something worthwhile is minimal. The repairers on the list are also cr@p and basically just use mixed touch up paint. If you are not a perfectionist or if you really "love your car" then this isn't for you.
 
Hemi300c said:
Me personally, I would stay away from anything offered by them. I would go through a short term broker.
They own Mi-way - enough said.
Those VAP (value added products) are very limiting and your chances of getting something worthwhile is minimal. The repairers on the list are also cr@p and basically just use mixed touch up paint. If you are not a perfectionist or if you really "love your car" then this isn't for you.
Click to expand...

Thanks, I'll rather pocket the R99 per month and save up for minor repairs every year or so. Generally very careful though. Touching wood.
 
PostmanPot said:
Thanks, I'll rather pocket the R99 per month and save up for minor repairs every year or so. Generally very careful though. Touching wood.
Click to expand...

Much better move..

Those types of "insurance" are heavily geared towards making a profit for the company.. most people won't ever claim, they make claiming a bit of a pain etc etc...
 
PostmanPot said:
Please may I get your thoughts on this?

Bknn5zEl.jpg


fc3iYzml.png


Larger version of the second picture here - http://i.imgur.com/fc3iYzm.png.
Click to expand...
I can't comment on this as it's blocked at work, but gathering from the posts that followed it's some kind of scratch and dent policy. I took a 2 year policy from a company/product called Smart Insurance back in 2011. It was worthwhile and really easy to claim. Yes, there was a limit of around 2k per claim but that is fine when it comes to small scratches and dents.

It was about R2200 for the 2 years, paid upfront back in Feb 2011.

edit: I claimed for a couple of mag scratches and a few paint job scratches.
 
Last edited:
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X