Which cars are the cheapest to insure in Gauteng?

In recent market research* for South Africa’s leading insurance and financial services comparison website Hippo.co.za, some interesting insights were presented regarding which cars are the cheapest to insure in Gauteng.

 

“The research provided us with in-depth insights, one of which is that the two most common cars owned in Gauteng are Volkswagens and Toyotas, and almost half of the cars owned were manufactured in the last five years,” says Derek Wilson, Head of Hippo.co.za, the online insurance and financial services comparison website. “Furthermore, the research concluded that on average, Peugeot drivers have the lowest monthly premiums and excess amounts, while Mercedes-Benz drivers have the highest monthly premiums, and Ford drivers the highest excess amounts.”

 

There are also other factors* that could either decrease or increase your monthly car insurance premiums:

 

  • How often and how far you drive. People who use their car for business and long-distance travelling normally pay more than those who drive less.
  • Where you live. Due to higher rates of vandalism, theft and accidents, city slickers pay more for Car Insurance than those who live in small towns or rural areas.
  • Your driving record. If you are accident-prone or have a long history of bumper bashings, you are bound to pay more than those who have been accident free for years.
  • Your age, sex and marital status. Accident rates are usually higher for drivers under the age of 25, especially young males and single males.
  • The size of your car. Larger cars are generally safer than smaller cars in an accident. Therefore, many larger cars with good safety ratings have lower premiums than smaller cars with otherwise similar ratings.
  • The colour of your car. Due to a non-visibility factor, black cars are more expensive to insure than, for example, white cars. Some cars also pose a higher risk of being stolen based on the popularity of their colour.

 

“Because every driver’s portfolio looks different, there simply cannot be a one-size-fits-all approach when it comes to Car Insurance,” concludes Derek. “For this reason, we strongly recommend comparing with Hippo.co.za before you sign up for Car Insurance. Our user-friendly website will grant you access to multiple quotes in a matter of minutes. One in two people could save hundreds of Rands per month** on their Car Insurance alone by comparing before they buy or switch insurance companies,” concludes Derek.

 

Established in 2007, Hippo.co.za is South Africa’s leading comparison website that helps consumers save money by comparing a range of South African providers across financial products such as Car Insurance, Home Insurance, Life Insurance, Medical and more. Hippo.co.za is free to use and saves consumers the time and hassle of shopping around for the best deal since the Hippo.co.za website instantly retrieves real-time quotes from the different providers using the latest Internet technology. One in two people could save hundreds of Rands per month** on their Car Insurance alone by using Hippo.co.za to compare before they buy or switch to a new provider.

 

Hippo.co.za makes money by simply charging its partners a fee when a customer chooses to find out more about their products. The results consumers see, and the order in which they are presented, are in no way influenced by the fee Hippo.co.za charges its partners or any other factors other than the price of the product being compared. 

 

For more information, visit us on www.hippo.co.za, connect with Hippo.co.za on LinkedIn, http://www.linkedin.com/company/hippo-comparative-services-pty-ltd/, like us on Facebook, www.facebook.com/HippoSA, and follow us on Twitter @Hippo_co_za and YouTube, http://www.youtube.com/user/hippocompare.

 

Hippo Comparative Services (Pty) Ltd is an authorised financial services provider (FSP number: 16357).

Terms and Conditions apply.

 

*Resource: http://www.moneycrashers.com/factors-affect-car-insurance-rates/

 

**Based on 2015 independent market research conducted by Kaufman Levin Associates.


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