Lihle Z Mtshali
Being over 25-years-old and holding a driver's licence older than two years no longer guarantees you a lower car insurance premium.
Adam Samie, chief executive of Lion of Africa Insurance Company said: "Traditionally, we have viewed younger drivers, from the age of 18 and in their early 20s, as having the greatest chance of being involved in an accident."
Now, however, South Africa's demography has changed and more people are affording cars at an older age.
"Today we find a lot of older, less experienced drivers on the road, a factor which must be factored into premium calculations."
So motorists must find other ways of saving on their car insurance premiums. Samie advises that you shop around for the best quotes. He also recommends betting on your own driving abilities by increasing your voluntary excess.
Fitting your vehicle with good security devices such as an alarm system and a tracking device will attract a discount and lower premium rates.
Motorists must build a real and personal relationship with their insurer instead of just the insurance broker. "Most people neglect this, but it's important to have a relationship with your insurer, just as you would have with your bank manager, because the better your insurer knows you, the better he will be able to service your needs," he said.
Parking your car in a locked up garage, naming the designated drivers on your policy and protecting your no claims record should also work in your favour when negotiating for a lower premium, said Samie.