I would like advice. I am 26 years old and just bought a 2009 1.4 hatch comfort-line Polo black, 5 800km mileage. The car has a tracking system, smash and grab safety film, alarm, immobiliser and so on. It’s a full house.
I recently got my driver’s licence - on April 9 - and I don't have a yard at the house where I can park my car in the evening.
I am currently paying R1 000 for my insurance premium. I know I am considered a risk, but is there any other way that I can reduce this?
Donald Kau, head: corporate affairs at Santam, responds:
Traditionally, the younger generation is considered a higher risk due to their age and lack of driving experience.
A tracking device allows a discount on your vehicle premium, but you have to ensure that it is noted on your vehicle item as a security measure.
In certain areas, however, a tracking device can be a security requirement and discount will not be applicable.
Motorists now have the opportunity to install a tracking or monitoring device with the ability to track the way you drive. Over-speeding, frequent harsh-braking and acceleration are some of the things being tracked.
By displaying good driving behaviour, you are able to influence your premium and enjoy additional discount, even though you are in a high risk segment.
You can also apply for a voluntary excess where you agree to pay a higher excess, resulting in a lower premium.
- Fin24
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