What is Insurance?
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity that provides insurance is known as an insurer, an insurance company, an insurance carrier, or an underwriter.
Average Cost Of Car Insurance In South Africa
A driver in South Africa spends an average of R7 119 per month on motor vehicles, according to a credit provider.
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How Much Does Car Insurance Cost In Sa?
| Female | Male | |
|---|---|---|
| 18 – 24 | R13948.14 | R13671.14 |
| 25 – 29 | R12237.21 | R12807.52 |
| 30 – 44 | R10607.76 | R11031.42 |
What is the cheapest car to insure in South Africa?
The Suzuki S-Presso, which was launched in March 2020 as South Africa’s cheapest new car to drive at R135,000, is also the cheapest to insure overall.