Insurance companies are a service provider. They sell insurance products to protect you and your assets from damage, theft and other types of risk.Different insurance companiestend to specialise in certain areas. For instance some may only provide long term insurance. Others may provide various short term insurances policies, while others may deal with only one type of short term insurance such as cheap car insurance.
Insurance companies in South Africa
There are great many insurance companies in South Africa. All of the insurance companies in South Africa fall under the supervision of the Financial Services Board (FSB). The role of the FSB is to ensure that all these insurance companies are financially sound and treat their customers fairly. As in other countries, some insurance companies deal with long term insurance and others in short term insurance.
Due to the high crime rate in South Africa, insurance against theft is an important product sold by insurance companies. When taking out car insurance, it is always a good idea to make sure that your policy will cover you if your car is stolen. If you have valuable items in your house, then you would want to consider taking out a house contents policy. There are insurance companies which specialize in home contents insurance. Such a policy can cover your valuables against a number of risks such as theft, fire or flooding.Often if you have a bond on your home your bank will offer to provide both the contents insurance and the building insurance.
List of car insurance companies
There are many car insurance companies in South Africa. Below is a list containing the names of the better known car insurance companies.All of these insurance companies have a website, and you can usually get a quote by completing and submitting the form on their website.
1st For Women
AIG South Africa
Alexander Forbes Group
Alexander Forbes Insurance
Auto & General insurance company
Budget Car Insurance
Dial Direct Insurance
Hollard Pay as You Drive
Mutual and Federal Insurance
Where to find the lowest car insurance quotes
To find the lowest car insurance available it is often simpler to contact a car insurance broker via their website. They will then be able to send you online insurance quotes. Compare Car Insurance is one such broker from whom you can get a quote by completing and submitting the form on their webpage. They will then send you up to twelve car insurance quotes from different insurance companies which you can compare to see which one fits your needs the best.
Alternatively, you can contact any of the numerous short term insurance companies directly and ask them to send you a quote. It is highly recommended however, that you obtain several insurance quotes and compare them with one another. Make sure that the policy offered by the insurance companies from whom you receive quotes covers your current needs. It is not always necessary to take out the most comprehensive and expensive policy. Decide what your needs are, and select the cheapest policy that fits your requirements.