Car Insurance Calculator

You might ask yourself, why is it that so few websites offer a car insurance calculator?  Well the short answer is simply: it’s just not that simple to calculate car insurance by filling in a few values and deriving an accurate, or even a semi-accurate result.  I know it’s a bit of a bummer, but think about the multitude of variables that go into calculating the risks associated with insuring someone.

An eighteen year old guy who has just passed his drivers and whose dad buys him a hot hatchback (in your dreams!) is obviously a higher risk profile than a thirty year old guy who buys his own hot hatch back. This much is obvious, but then things start to get a little complicated to calculate when you ask the thirty year old if he is a graduate, and when last he claimed on his insurance policy.  Added to this if he would like combined car and home insurance – which makes it even more complicated.

The calculations are based on a broad number of variables to assess risk and would be outside of most insurance websites abilities. Clever people (like actuaries) have derived these formulas and they are closely guarded and often improved upon.

Thankfully, it’s not really all that hard to get a car insurance quote – why don’t you give it a try.  They will call you and it only takes a few minutes anyway!


If you need to finance a car, and would like to calculate what it might cost you, then this is the place to do it:
http://vehiclefinancesouthafrica.co.za/car-finance-calculator

4 comments

  1. Awesome article!!! Everyone wants to get best insurance cover for their car. Best insurance will provide best benefit. But, it is difficult to find out the best one from many. Thanks a lot for your informative post. :)

  2. It’s not all that hard finding the best quotes today, all you need to do is use one of the services on this site! I did think it would be fair to let people know that insurance calculators do not work in South Africa – unless it’s the same company offering different quotes under one network!

  3. When comparing the cheapest car insurance quotes online, also take into account how much mileage the car will do each year. If the car is old, there are no hidden accidents in the past and the driver has a clean record, then he will certainly be offered exceptional rates for cover.

  4. I agree – it’s a good idea to check on your insurance cover every year – keep it updated. As your car gets older, you should be paying insurance premiums to the value of your car.

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