Getting the best car insurance quotes South Africa insurance companies can truly provide is tricky business. While the internet has certainly simplified the process of comparing insurance package details and their prices, there are things drivers can do to make sure that the prices they are being quoted are actually the lowest.

Insurance companies are in the business of risk, and the higher the risk, the more money they can make. This of course happens in two ways: charging higher premiums to the individual driver evaluated to be at a higher risk, as well as slightly elevating the premiums of other drivers in the remaining client pool. As you can see, the negative qualities of the few can impact the prices for the rest of the group. With that said, all hope is not lost for the good driver with a diminished risk profile.

A risk profile is the evaluation most South African insurance companies make in order to get a better idea of what type of driver a potential customer is, as well as what type of risks their daily lives entail. Rural drivers face different risks than those that live in urbanized cities. Older drivers present a different set of risks than young teens, and so on and so forth. Minimizing your risks will affect the insurance quote you receive.

Now, certain risks cannot be explained away, such as age or location. But drivers looking to alter their risk profiles can do things such as take driving safety courses, or installing an alarm in their vehicle. Simple things, such as storing your vehicle in a garage, can also impact the “risk” a driver presents to an insurance company. Continue reading →