Naked Insurance offers the cheapest car insurance in South Africa, a price comparison from BusinessTech shows. <\/p>\n\n\n\n
Despite being essential in protecting your assets, getting insurance quotes is often a tedious process, with many South Africans dealing with call centre agents who try to sell you on convoluted packages. <\/p>\n\n\n\n
Thus, we decided to sacrifice our own time and contact details and compare car insurance prices. <\/p>\n\n\n\n
It should be noted that insurance quotes are highly dependent on one’s own circumstances, such as age, criminal history and prior insurance coverage. <\/p>\n\n\n\n
The car’s make, model, colour, and how it is driven are also important factors in pricing.<\/p>\n\n\n\n
What is covered is also highly important. As every insurer offers different levels of coverage per price, we only looked at the cheapest option for each insurer. <\/p>\n\n\n\n
We decided to keep the comparison as true to life as possible and acted as a consumer who is strapped for time and primarily looks at the headline figures. <\/p>\n\n\n\n
We compared quotes for a new white 2024 Toyota Starlet 1.5 Xr automatic (R339,000) for an under-25-year-old male driver. <\/p>\n\n\n\n
Although we take our jobs seriously, receiving calls from every single short-term insurer and having to explain that we don’t actually have the car would drive us insane. <\/p>\n\n\n\n
Thus, we only looked at online quotes via Hippo or, if the information wasn’t available on Hippo, through the insurer’s websites directly. <\/p>\n\n\n\n
Notably, while sticking to strictly digital means, we still received several calls from insurers\u2014some of whom were very friendly but likely annoyed by us not buying a product or even having a car to insure in the first place.<\/p>\n\n\n\n
Overall, the lowest quote offered to us was from Naked Insurance, which was R1,119 per month.<\/p>\n\n\n\n
This was R200 lower than the second-place MiWay Blink, which came out at R1,382. <\/p>\n\n\n\n
The third place was Old Mutual Iwyze, which offered insurance of R1,657.<\/p>\n\n\n\n
Old Mutal Insure was the fourth cheapest at R1,718, while Pineapple, which is underwritten by Old Mutal, came fifth at R1,740.<\/p>\n\n\n\n
On the other end of the scale, Auto & General’s Virsker was the most expensive in this case study, at R2,522. <\/p>\n\n\n\n
The prices offered to cover a white 2024 Toyota Starlet Starlet 1.5 Xr automatic can be found below: <\/p>\n\n\n\nInsurance <\/strong><\/td> Quote Per Month<\/strong><\/td> Excess<\/strong> at price<\/strong><\/td><\/tr> Naked <\/td> R1 119<\/td> R7 500<\/td><\/tr> MiWay Blink<\/td> R1 382<\/td> R7 500<\/td><\/tr> Iwyze<\/td> R1 657<\/td> R6 250<\/td><\/tr> Old Mutual Insure<\/td> R1 718<\/td> R6 250<\/td><\/tr> Pineapple<\/td> R1 740<\/td> R6 250<\/td><\/tr> Santam<\/td> R1 869<\/td> R8 000<\/td><\/tr> Discovery <\/td> R2 019<\/td> N\/A<\/td><\/tr> King Price<\/td> R2 220<\/td> R7 500<\/td><\/tr> Budget Insurance<\/td> R2 323<\/td> R8 700<\/td><\/tr> Dialdirect Insurance<\/td> R2 345<\/td> R8 500<\/td><\/tr> 1st for Women<\/td> R2 363<\/td> R8 500<\/td><\/tr> Auto & General<\/td> R2 381<\/td> R8 500<\/td><\/tr> Virseker<\/td> R2 522<\/td> R8 500<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
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