The Wealth Room

Tips to save money on insurance

Don’t submit small claims. The more you use your insurance, the higher your insurance premium will be. Submitting claims that exceed your excess by just a few hundred rand doesn’t make financial sense. Pay for smaller losses yourself. This will save you money over the long term.

• Don’t let other people drive your vehicle. Multiple drivers create multiple risks. More risk, more expensive insurance.

• Continue to improve your credit score.

• Before you buy a vehicle, get an insurance quote to  determine the insurance cost for that specific vehicle.

• The more security measures you have in place, the less your risk, the better your safety and the lower your insurance premium.