How Much Can You Save on Car Insurance by Comparing?

How much can you save on car insurance by comparing? Based on Savvy Insurance quote data, drivers who switch through Savvy save an average of R536.31 a month, about R6,435.66 a year, and 81% of people who switch through us save money. Prices for the same driver and car can differ by up to 35% between insurers. Here is why comparing pays, and how to make it work. For the full list of ways to bring the price down, see how to lower your car insurance premium.

How much do people save by comparing car insurance?

Based on Savvy Insurance quote data, drivers who switch through Savvy save an average of R536.31 a month, which is roughly R6,435.66 a year, and 81% of switchers save money. That saving comes from one simple fact: no two insurers price the same risk the same way, so there is almost always a better price than the one you are on.

Why is the same cover cheaper at another insurer?

Because every insurer weighs risk differently. One insurer may be keen on your exact profile, car and area and quote low to win you, while another rates the same risk higher and loads the price. That is why the same driver and car can attract premiums that differ by up to 35%. You are not getting less cover for less money; you are getting the same cover from an insurer that happens to price you better.

How often should you compare car insurance?

At least once a year, at renewal, and again after any life change such as moving, buying a different car, or starting to work from home. Premiums tend to drift upward at each renewal even when nothing about your risk has changed, so comparing is how you reset the price rather than quietly paying more each year.

Does switching insurers hurt your no-claim bonus?

No. Your no-claim bonus and claims history follow you, and a new insurer recognises your record when you move. Switching mid-term may involve a notice period or cancellation terms on your current policy, so check those, but your built-up bonus is not lost by moving.

Comparing versus the other ways to save

There are several levers that lower a premium, including your excess, a tracker, secure parking, your cover level, a no-claim bonus, telematics and bundling. All of them are covered in how to lower your car insurance premium. Comparing is the one that needs no change to your car or your cover, which is why it tends to save the most for the least effort. For the step-by-step method, see how to compare car insurance quotes.

The bottom line

Comparing is the single most effective way to pay less: an average saving of R536.31 a month, with 81% of switchers saving and prices differing up to 35% between insurers. Do not simply accept your renewal. Compare car insurance quotes and see what you should actually be paying.

Figures are Savvy Insurance quote data unless a third party is named. Premiums are risk-profile dependent and paid monthly, cover depends on your policy schedule and wording, and Savvy Insurance is a comparison service. Always check your own policy documents for exactly what is and is not covered.

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