Vehicle Insurance
Once again, I can not stress comparative shopping enough. It was valid for your personal loans and your home loans. It is even more valid for short term insurance. Whether you are insuring just a vehicle or home contents or both, it’s imperative to seek guidance from a reliable source.
Wherever possible, try and insure all your vehicles and household contents under the same policy. You will likely save quite a bit. Also, if possible, consider buying a motorcycle instead of a car. They are cheaper to run, motorcycle insurance is cheaper than car insurance and (especially in Johannesburg) bikes are great in traffic.
Research insurers online and check their bonus plans. Check on their payout records and shop around. Companies like InsuranceHound.co.za and Hippo.co.za can assist you in getting a better deal from some well known companies. Also, look at your budget. If you can’t really afford comprehensive insurance after your personal loans and home loan and grocery bills, consider getting only fire, theft and 3rd party insurance. This may save you a significant amount of money. If you are involved in an accident and it wasn’t your fault, claim directly off the other person’s insurance. That way you won’t lose your no-claim bonus and you won’t have to pay the excess.