Car Insurance Guide

How to lower your car insurance premium

Written by Chloe Adams Managing Editor Reviewed by Nomsa Dlamini RE5 qualified · 12 years in short-term insurance Updated 25 July 2026 Our editorial standards →

How can you lower your car insurance premium?

To lower your car insurance premium in South Africa: increase your excess, fit an approved tracking device, park in a locked garage, keep a clean claims record, choose the right cover level for your car, consider telematics or pay-as-you-drive cover, bundle car and home policies, and compare quotes from several insurers every year.

Key takeaways

  • You control more of your premium than you think - excess and security are big levers.
  • The right cover level for your car's value avoids overpaying.
  • A clean claims record builds a no-claim bonus over time.
  • Comparing quotes every year is the single most effective habit.

1. Increase your excess

Agreeing to pay a higher excess at claim time lowers your monthly premium. Just make sure the excess is an amount you could comfortably afford if you had to claim.

2. Fit an approved tracking device

A tracker or immobiliser reduces theft risk, and most insurers reward this with a lower premium - especially for higher-theft-risk cars and areas.

3. Park securely

Where your car sleeps matters. Parking in a locked garage or secure complex overnight lowers risk and can reduce your premium compared with street parking.

4. Choose the right level of cover

Match your cover to your car's value. A newer or financed car usually needs comprehensive cover, but for an older, low-value car, third-party, fire & theft or third-party only can save money.

5. Build a no-claim bonus

Avoid claiming for small, affordable damage so you keep and grow your no-claim bonus, which rewards claim-free years with a lower premium or cash back.

6. Consider telematics or pay-as-you-drive

Telematics and pay-as-you-drive policies price you on how and how much you actually drive, which can reward safe, low-mileage drivers with meaningful savings.

7. Bundle your policies

Insuring your car and home with the same insurer often unlocks a multi-policy discount.

8. Compare quotes every year

Loyalty rarely pays. Insurers price risk differently, so comparing quotes at renewal is the most reliable way to pay less for the same cover.

Frequently asked questions

What is the fastest way to lower my car insurance?
Increasing your excess and comparing quotes are the quickest wins. Fitting an approved tracker and parking securely also reduce risk and premium.
Does a tracking device lower my premium?
Usually yes. A tracker reduces theft risk, and many insurers offer a lower premium in return - particularly for higher-risk cars and areas.
Will comparing quotes really save me money?
Often, yes. Because insurers weigh risk differently, the same car and driver can be priced very differently, so comparing at renewal frequently uncovers a better deal.

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