Which cars will you pay lower insurance premiums on? We took a look at the cheapest cars to insure in the country.
Let’s face it; we could all do with saving some cash these days. With inflation skyrocketing and tax increasing, we all could do with cutting back on some costs. In light of this, we thought we would have a look at which cars you will pay less insurance for in South Africa.
Also read: What to do if you hit a pedestrian
Insurance premiums are calculated on various factors, including your personal risk profile, as well as the car you are driving. Various considerations are made about the car when working out the premium. The age of the car, the engine size, what extras are added to the car, as well as whether there is a tracking system installed are all considered. There are, however, standard cars that you will simply pay less insurance for.
Reasons For Lower Premiums
Why would some cars have a lower premium than others? If you are taking the drivers profile out of the risk assessment completely, this is what would affect your premium:
Which Cars Fall Into This Category?
Which cars are deemed sensible and considered for the lower premium? Interestingly, they are all standard makes like Toyota, VW, Honda, and Opels. All have low maintenance, are easily available, and are in the average price range. These cars include:
Others in the low to mid range include the Honda Brio, Honda Jazz, Nissan Almera, and the Kia Rio. These can, however, be slightly more than the previous models, based on the driver profile.
What Are The Most Stolen Cars?
There are, however, certain models from the standard manufacturers that do not fall into the low premium category. These have higher premiums due to the fact that they are at a higher risk of being stolen or hijacked. This, therefore, increases the risk profile of the car and, in turn, increases the premium. These cars include:
This above content was supplied by CompareGuru.
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