Reducing insurance

What is everyone's take on car insurance for under 25's. I'm looking for something cheap and inexpensive but it seems that's near impossible can anyone give me advice on their points of view on car insurance also who out there is the best at the moment? PLEASE help
 
i just moved to miway recently ... for some reason they gave me a 50% discount on the premium ... which made them the cheapest so far and no one seems to be able to match or beat them .. so will stick with them for now .... they do have a weird initial fee, which no other company has ... but still makes them cheaper :)
 
I'm with Santam and I normally contact them every year to adjust the vehicles insured value, which is the retail value. They dont do this themselves, so you must contact them.
Also note that vehicles that are bought late in the year (e.g Dec) normally gets registered in the new year, so a vehicle you consider a 2008 model was actually manufactured in 2007. Your policy normally states "Year of Manufacturing", not "Year of (first)Registration" so even though you would like it to be a 2008 model, it should be insured as a 2007 model, hence lowering your premiums. In the event of an accident, the assessor will, and more than likely, pick up the correct date of manufacture and pay out accordingly i.e. the value of a 2007 and not 2008, even though you have been paying premiums on a 2008 model.
 
I'm with Outsurance and I'm also not very happy with the premium for my Cerato 2.0 (R926).
I'm just waiting for the vehicle to pass it's first birthday so that I can insure for the "depreciated retail value" instead of the "brand new retail value" of a replacement vehicle.
Most vehicles lose about 25% of their value after the first year so if your premiums don't drop by at least 20% you're getting screwed big time.

Just do a check on TransUnion ITC for the trade and retail value of vehicle (costs R30) before you call your insurer.
It always helps to have the real figures in front of you when you argue with the call center agents.
 
member2204 said:
I'm with Santam and I normally contact them every year to adjust the vehicles insured value, which is the retail value. They dont do this themselves, so you must contact them.
Also note that vehicles that are bought late in the year (e.g Dec) normally gets registered in the new year, so a vehicle you consider a 2008 model was actually manufactured in 2007. Your policy normally states "Year of Manufacturing", not "Year of (first)Registration" so even though you would like it to be a 2008 model, it should be insured as a 2007 model, hence lowering your premiums. In the event of an accident, the assessor will, and more than likely, pick up the correct date of manufacture and pay out accordingly i.e. the value of a 2007 and not 2008, even though you have been paying premiums on a 2008 model.
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I'm also with Santam, just got them to adjust values and it reduced my premium by R300. Both my cars are insured at retail value, with car hire and topup for my OPC which is still financed.
 
I just canceled my vehicle insurance policy with Outsurance to go with Santam.
Outsurance were nailing me R926 per month while Santam offered me R502.

After asking Outsurance to cancel my policy they come back with a sob story and offer me R598. That's R328 less than what I was paying!
This is after I requested them to review my policy twice earlier this year. Even if Outsurance matched Santam I'd still leave them out of principle. :mad:
 
Paul_S said:
I just canceled my vehicle insurance policy with Outsurance to go with Santam.
Outsurance were nailing me R926 per month while Santam offered me R502.

After asking Outsurance to cancel my policy they come back with a sob story and offer me R598. That's R328 less than what I was paying!
This is after I requested them to review my policy twice earlier this year. Even if Outsurance matched Santam I'd still leave them out of principle. :mad:
Click to expand...

Outsurance is scum.

Will never ever insure with them.

Very happy under my yellow umbrella. :)
 
I took out insurance for my car in September last year. When can I ask them to review it? With Dial Direct.
I got a good rate so don't think it can/will reduce much.
 
SaiyanZ said:
I took out insurance for my car in September last year. When can I ask them to review it? With Dial Direct.
I got a good rate so don't think it can/will reduce much.
Click to expand...

I'm not sure why you want to review your policy/rate? You seem happy with the deal, renewal is a few months away, so why the review?

Insurance is not only about price, but also about insuring with a company who provides comprehensive cover and who won't look for reasons not to pay. Too many claims negotiators in these companies are incentivised to minimise the claim... sometimes unethically so :(
 
McT said:
I'm not sure why you want to review your policy/rate? You seem happy with the deal, renewal is a few months away, so why the review?

Insurance is not only about price, but also about insuring with a company who provides comprehensive cover and who won't look for reasons not to pay. Too many claims negotiators in these companies are incentivised to minimise the claim... sometimes unethically so :(
Click to expand...


The value of my car would have dropped since I took out the policy. I doubt they pay me out what my car was worth 9 months ago if I write it off. So my premium should also drop by a little.
 
SaiyanZ said:
The value of my car would have dropped since I took out the policy. I doubt they pay me out what my car was worth 9 months ago if I write it off. So my premium should also drop by a little.
Click to expand...

+1
My vehicle's value dropped by 20% within one year (as most new vehicles do) but Outsurance refused to lower my premiums until I threatened to leave them two months later.
Then suddenly they're willing to drop my premium by 35%. They screwed me so I'll screw them.
If the vehicle was written off Outsurance would have paid R40000 less than what I was originally insured for. Bunch of sharks.
Insurance companies should be made by law to automatically re-evaluate your premiums every six months without having to phone and threaten them.
 
Leave OUTSurance and go to someone else. They will be more than happy to give you a better premium. Outsurance is ridiculous sometimes. I'm sure they are brilliant with service and everything, but for me they are a bit over priced
 
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