Cell C Loses Court Bid to Stop ICTU Strike Action

Cell C on Tuesday suffered another blow when the Labour Court in Johannesburg ruled that its application to interdict members of the Information Communications...

Latest Posts

Vodacom Offers Eligible Customers 6 Months of Amazon Prime Video

Vodacom has teamed up with Amazon to offer eligible customers 6 months of Amazon Prime Video. All existing and upgrading contract Vodacom customers can...

Which Are The Best Mobile Casino Games Right Now?

Online casinos are really popular among bettors because they allow them to play their favorite games without the need to visit any land-based facility....

A Few Things To Keep In Mind Before You Start Betting On Sports

Ever since online betting became so popular, many people have started placing online bets. Some of them have been following a specific team or...

Why Is Betting On Live Events Better Than Placing Pre-Match Bets

There are many reasons why online betting is as big as it is today. Apart from the fact that the famous betting operators sponsor...

How Car Insurance is Calculated

Have you asked the question, why would my car insurance premium be so expensive? I think most of us have experienced the excessive quote for car insurance and we wonder to ourselves how did the insurer get to that number! There are a few factors that impact your car insurance premium and this is why some people pay more than others when it comes to their premiums.

There are a number of risk factors considered by your insurer which create your premium so the riskier your insurer see’s you the more you will pay for car insurance. You can use this online car insurance calculator to see how your premium compares with other insurance companies, see quotes immediately:

Your car insurance premium will also fluctuate depending on what type of cover you are looking for. From most expensive to cheapest and least amount of cover there is Third-party, Third-party Fire and Theft cover and Comprehensive car insurance.

Let’s look at how your insurer will calculate your premium:

  1. Your personal profile

In your personal life there are 3 things that affect the price of your car insurance the most: your age, your gender and your marital status. Insurance companies see everyone under 25 years of age as the riskiest age bracket especially men drivers. As soon as one turns 26 or gets married your insurance premium will decrease as the insurer see’s you as less risky.

  1. Location, location, location:

One of the most important factors that affect your premium is the area that you live in, where your car is parked (e.g., in the street or garage parking) and the area that you work in. Location matters because there are more dangerous areas in South Africa than others which will increase your chances or being hijacked or being in an accident. 

  1. What your car is used for:

Your insurer will always ask you if your car is mainly used for personal use or business use or what your profession is. This is important because the more time you spend in your car driving the higher your risk of being in an accident or hijacked is. So if you have a job that requires you to drive around during the day let’s say dropping off products or going for many meetings then you will have a higher premium because you are spending more time on the road than another person that just drives to work, stays at the office and drives home at the end of the day.

  1. Your car is criticized:

There are a few car factors that have the most effect on your cars premium, you should consider these before buying a car because it can make all the difference in the price of your car insurance premium. To see these factors read the full article here.

 

Latest Posts

Vodacom Offers Eligible Customers 6 Months of Amazon Prime Video

Vodacom has teamed up with Amazon to offer eligible customers 6 months of Amazon Prime Video. All existing and upgrading contract Vodacom customers can...

Which Are The Best Mobile Casino Games Right Now?

Online casinos are really popular among bettors because they allow them to play their favorite games without the need to visit any land-based facility....

A Few Things To Keep In Mind Before You Start Betting On Sports

Ever since online betting became so popular, many people have started placing online bets. Some of them have been following a specific team or...

Why Is Betting On Live Events Better Than Placing Pre-Match Bets

There are many reasons why online betting is as big as it is today. Apart from the fact that the famous betting operators sponsor...

Don't Miss

ICTU Suspends Strike at Cell C

The Information Communications and Technology Union (ICTU) has suspended strike action by its members who work for Cell C. The nationwide strike at the embattled cellphone operator, sparked by...

Drivers Improving the Business Case for Solar

COVID-19 presented businesses across the board with the opportunity to re-evaluate both their operational models and costs. Proactive organisations found themselves navigating the wake...

Vodacom Urges Consumers to Contribute Towards the Green Economy and Recycling

A record 53.6 million metric tonnes (Mt) of electronic waste was generated worldwide in 2019, up 21 per cent in just five years, according...

Telkom Wants Competition Tribunal To Declare Vodacom, Rain Agreements a Merger

Telkom announced on Wednesday that it had approached the Competition Tribunal to declare the suite of spectrum arrangements between Vodacom and Rain as a...

Econet Group Launches #SasaiWiFiFinder Hotspots in Kenya, Uganda, Zambia and Rwanda

Econet, through its subsidiaries Liquid Telecom Group (LTG) and Cassava Fintech International (CFI) has today launched a network of #SasaiWiFiFinder hotspots in Kenya, Uganda,...

Stay in touch

To be updated with all the latest news, offers and special announcements.

%d bloggers like this: