Insurance Companies in South Africa

What you need to look for in insurance companies in South Africa:

You need to know your insurance company’s strength and weaknesses. 

Make sure that you research as much as you can about the company and make sure that it is a financially sound company, which means that it will be able to afford to pay-out should you needs to.

Look for car insurance company profiles online. 

As part of your research process make sure that you search for insurance companies online. You will also be able to find reviews which you could use to help you decide on the best company.

You need to have cover for home, health, life and vehicle

In South Africa, many insurance companies specialise in providing a select few insurance types. This may include:

  • Car insurance
  • Household contents insurance
  • Buildings insurance
  • Health insurance
  • Life insurance
  • Business insurance
  • Boat insurance

Look for great customer relations

A company that has a dedicated team that provided friendly service is likely to have favourable reviews form consumers.

Evaluate the level of service

A company that offers fast, efficient service will be quite attractive. The last thing you need when you submit a claim is inefficiency and bungling of your claim. You’ll want a reputable company that is reliable.

Consider pricing

Each company uses its own criteria to determine pricing, so you should evaluate pricing thoroughly.

Evaluate the quality of the product

The insurance types offered should be designed to meet your individual needs.

The company should have an efficient claims-processing system

The company should have a fast feedback/response system

The company should have competitive insurance premiums

The company should offer a variety of discounts.

Leading insurance companies in South Africa include:

  • 1st for Women
  • AIG
  • Alexander Forbes
  • Auto & General
  • Dial Direct
  • Hollard
  • FNB Insurance
  • King Price
  • MiWay
  • Regent
  • Santam
  • OUTsurance

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