Cheap Insurance Companies with Bad Reviews
You just bought a new car or you are looking for a new insurance provider. Do you choose the cheapest insurance quote, or do you first do your own homework about the reputation of the company? Luckily we’ve done the research for you. Click below and we will show you car insurance quotes from multiple providers as well as consumer reviews…for FREE:
According to Invesp.com, 90% of consumers read online reviews before visiting a business so why wouldn’t you for this for your car insurance? The report goes on to say that a whopping 88% of consumers trust online reviews as much as they trust recommendations by their friends and family.
You Need Good Car Insurance, So Now What?
Many South Africans are feeling the financial pinch nowadays with the inflation rate forever increasing and one’s assets depreciating faster than Eskom turns the switch. However, insurance has become an essential monthly expense. Vehicles, although they depreciate the minute they are driven out of the showroom floor, are so ridiculous to repair, should they be in an accident.
It is important that you make sure that when you request a quote from an insurer that your details are the same should you request a quote from another insurer that is if you aren’t using a comparison website where you can just fill your details in once. Before requesting a quote, it is crucial that you are familiar with the various kinds of car insurance that are available for example comprehensive, 3rd party insurance etc. Once you have decided on the one that best suits you, you can do your research. However, there are so many insurance companies in South Africa how do you choose one?
The Answer: Comparative Insurance Websites
MoneyPanda is one of South Africa’s best online car insurance comparison websites, making it your one-stop quotation shop. Websites such as this one, make it easy for the layman who is just trying to find the best deal as well as the best service.
With MoneyPanda, finding the most reliable, yet affordable, insurance brand to suit your personal specs has never been easier. The reason being is because not only can you get a quote in less than 60 seconds, but you have access to hundreds of customer reviews:
This will make choosing the best brand for you even easier. Where other comparison websites give you one service namely quotes OR consumer reviews, MoneyPanda gives you both so that you can compare price and service side-by-side, smart ne!
By making use of comparative websites like MoneyPanda, you are given the chance to view reviews from previous customers who have rated the insurance company’s services. This could in fact, help you decide whether or not to choose a particular company.
According to the Invesp.com report, 72% of consumers will choose a company if they have positive reviews.
What Does A Very Low Car Insurance Premium Mean?
Although you might be offered a very low insurance premium, it is important to make sure that you are not being charged ridiculous amounts on your excess. In many cases, the monthly premium might look appealing, however, the hidden expenses associated with damage to the vehicle could really batter your pocket without warning.
With this in mind, all aspects of an insurance company should be taken into consideration. Director of Insurance for the Consumer Federation of America, Robert Hunter, outlines the importance of choosing a brand that offers its customers a competitive price and a good claims service. “Choose the company that has both a low level of customer complaints and low prices”, explains Hunter.
Hunter further reiterates the importance of requesting at least five different quotations from different insurers to compare your offerings. The Panda can you show you over 9 quotes from different providers side-by-side:
Kick Out The Complaints
“You can quickly knock out the companies with the highest number of complaints because you never want to work with an insurance company that doesn’t offer good customer service,” says Hunter.
By referring to our previous article on the Best and Worst Insurers of 2018 according to the Ombudsman for Short Term Insurance (OSTI), the most complained insurers are presented.
Some of the top insurance companies as per the latest report were:
- Santam (SAU)
- Auto & General
The report outlined the companies which received the most customer complaints. This report should confirm to customers that it is important to read reviews of previous customers before signing on the dotted lines. This is definitely made a whole lot easier with companies such as MoneyPanda, whereby the human element of personal experiences is made available as well as the efficiency of a multiple quoting system.