Average Cost Of Car Insurance In South Africa

What is Insurance?

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity that provides insurance is known as an insurer, an insurance company, an insurance carrier, or an underwriter.

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Average Cost Of Car Insurance In South Africa

A driver in South Africa spends an average of R7 119 per month on motor vehicles, according to a credit provider.

How Much Does Car Insurance Cost In Sa?

FEMALEMALE
18 – 24R13948.14R13671.14
25 – 29R12237.21R12807.52
30 – 44R10607.76R11031.42

What is the cheapest car to insure in South Africa?

The Suzuki S-Presso, which was launched in March 2020 as South Africa’s cheapest new car to drive at R135,000, is also the cheapest to insure overall.

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