i Lead Motor Cars

I lead Motor Cars recommend the following corporations to get motor car insurance:

• Hollard Pay as You Drive
• OUTsurance
• Dial Direct
• Budget
• First for Women
• Virgin Money
• MiWay

Hollard Pay as You Drive

This is a unique car insurance product aimed at people who do not drive their cars so much.  Under this policy, you only insure your car for the actual kilometres you drive in it and if you do not drive a lot, you stand to save money.  Pay a significantly lower premium if you do not drive your car a lot and still benefit from a comprehensive car insurance policy.

You start by selecting a DrivePlan option that most accurately reflect your average monthly mileage and you can save kilometres in a DriveSave Account, from which you can draw again if you happen to exceed your stipulated mileage one month.  Additionally, you can pay per kilometre for extra mileage travelled, so the plan is extremely flexible.

You can get a quick and easy online quote today on Hollard’s website.  Simply complete the online quote request form with the owner details, driver details, rating factors, vehicle details and tracking and management details and Hollard will generate a quote for you right there, online.  You can even add additional vehicles, clear the form and start over.  Alternatively, you can request a quote and a consultant from Hollard will call you.

With Pay as You Drive:

• You only pay for the distance the insured vehicle travels per month
• At inception, you receive an additional month’s “Grace Period Kilometres” as a safety net, just in case you have underestimated your monthly travel mileage
• Six different DrivePlan options are available: Drive500, Drive750, Drive1000, Drive1250, Drive1500 and DriveMax (DriveMax allows for unlimited kilometres)
• Pay as You Drive adds ten percent Bonus Kilometres to your DriveSave Account for the first twelve months of your policy
• A data collection device is installed in the vehicle to record the mileage travelled
• You receive a monthly statement of trips travelled
• Unused kilometres are retained in your DriveSave Account
• You never pay more than the DriveMax option
• You get up to R10 million Third Party Liability cover
• You get accidental death cover of R15,000
• You get cover for accident damage, medical assistance and roadside assistance too

OUTsurance

OUTsurance was launched in February 1998 with to provide vehicle and household insurance directly to South Africans with the promise “you always get something OUT”.  Outsurance is member of the Rand Merchants Insurance Holdings (RMI) Group and has also been operating in Namibia since 2007.

OUTsurance pledges:

• To do their best to save you money on your insurance
• To determine your premium according to your risk factors and yours alone
• To provide you with documents that are easy to read and understand, without hidden costs, fine print and unnecessary complication
• To cut out the middleman, so you never have to pay insurance broker commission or fees
• To offer market leading service
• To process your claim as quickly as possible, so you get get on with your life
• To provide free Help@OUT emergency home and roadside assistance, 24 hours per day and seven days per week
• To pay back ten percent of your paid premiums in hard cash after three claim-free years.  If you do not claim for another two years, you get back another set percentage of your premiums paid during those two years
• You can add R500 to your OUTbonus by getting someone to join the OUTsurance family

OUTsurance’s comprehensive car insurance product covers you when you are involved in an accident or a victim of hijacking or theft, or if your vehicle is intentionally damaged by someone else.  You are also covered against acts of nature, like floods, explosion, fire of hail damage.  If you opt for a higher excess value on your policy, this will have the effect of reducing your premium.

Dial Direct

You can save on insurance today by getting a one-minute online quotation from Dial Direct or by telephoning them directly.  The company’s easy online quoting system gives you control over what you want to insure, so use the facility to specify exactly what you want cover for.  Dial Direct provides comprehensive insurance for cars, 4x4s, motorcycles, caravans and trailers, in addition to Fire & Theft, Third Party and Third Party Only policies (the latter for older vehicles that have been fully paid off).

Middlemen like insurance brokers take up to twenty percent of your insurance premium and you stand to save a lot of money by getting your insurance directly from Dial Direct.  This means you deal with Dial Direct’s staff directly, build a relationship with them, save money and rely on consistently excellent service.

Dial Direct’s Bucks Back Bonus has been proven through independent research to be South Africa’s most preferred insurance reward programme and pays out your first year’s premium or 25 percent of all your premiums after four consecutive years of having been insured with Dial Direct.  In fact, you even get to make certain claims without forfeiting your Bucks Back Bonus.You can keep track of what is happening to your Bucks Back Bonus by registering for Dial Direct’s Online Policy Management system.

Budget

At Budget Insurance Brokers, you cut the cost, not the cover.  Select among four types of car insurance to get the one that best suit your needs:

• Comprehensive cover
• Third party, fire and theft
• Third party only
• Off-road vehicle comprehensive

Under comprehensive cover, you may claim if your vehicle is stolen or for any accident damage, as well as the damage you had caused to other parties and to their property.  You will be indemnified for the vehicle, the sound system, towing and storage, the canopy, hail damage, medical costs and car hire.  If you were liable for an accident, the other party will be indemnified on your behalf for damages and expenses.  The maximum Budget will pay under this section is R300,000 for explosion and fire or R1,000,000 for other damage.

You are not indemnified:

• If you do not have a valid driver’s licence
• If you have an endorsed licence
• If you drove under the influence
• If your vehicle is not roadworthy
• If you were using the vehicle without authorisation
• If the vehicle were used to earn income or for racing
• If the vehicle were used in the motor trade
• If the vehicle were used in certain countries outside South Africa
• For the accidental death or injury of an employee or household member
• For property in your possession and that of household members
• In case of cover under the Road Accident Fund

If you take out Third Party, Fire & Theft insurance, you can claim for certain, specified damage to your vehicle or if your vehicle is stolen, as well as for damage caused by you to other parties and their property.  However, under this policy, you cannot claim for accident damage to your vehicle.  Indemnity inclusions and exclusions are similar to that of comprehensive cover.

Under a Third Party Only policy, you can only claim for damage caused to other parties and their property.  Medical costs are covered to the tune of R500 per injured person in the vehicle and the sound system is covered.  The items you are not indemnified for are similar to those of comprehensive cover and third party, fire & theft cover.

Off-road comprehensive insurance is very similar to the normal comprehensive insurance policy, but you are indemnified for certain additional items, like the vehicle’s keys (to a maximum or R3,000 and with a R250 excess), accessories (to a maximum of R10,000), cell phone car kit, the installation of a tracking device and the spare wheel (the basic excess is R500).  The cover is also valid in Tanzania, Kenya and Zambia, as well as other geographical areas that are usually covered.

First for Women

First for Women car insurance caters for the specific needs and requirements of women.  Since the company’s inception in 2003, it has been the only local insurer to offer insurance policies tailored for the needs of South African women.  First for Women claims that women are more conservative and safer drivers than men and that their overall risk profile is more favourable, meaning that they should be able to benefit from lower insurance rates.

Research has shown that women take fewer risks on the road, stick to the speed limit more diligently and generally frown upon road rage.  On average, the cost of repairing women’s vehicle has also proven to be somewhat lower.  These factors make women a lower risk group than men and a few visionary insurance people at Telesure Investment Holdings spotted a gap in the market for women-specific insurance.

After extensive market research, these Telesure people arrived at a few conclusion, among which are the following:

• Women tend to be more brand loyal and money spent on marketing to women holds a higher retention rate per Rand
• Women ask lots of questions until they understand something fully
• Women have lots to do and little spare time, so a sales process that respects their multiple roles will go a long way towards cementing a lasting professional relationship with them
• Men want to transact and women want to establish a relationship
• Women need a product tailored to their needs and not simply a generic product in pink packaging

Telesure realised the subtle yet important differences in women’s buying styles and subsequently developed sales and advertising strategies that appeal to women.  First for Women Brokers was born in 2003 as launched in the market as a holistic lifestyle support solution and not just a generic insurance product.  The First for Women product offering takes into account modern women’s wellness requirements, which include the emotional, physical and financial ones:

• Trauma counselling
• Protection in the event of accidental exposure to HIV/AIDS
• Free handbag cover (to a value of R3,000) with home contents insurance
• Free roadside, household and medical assistance

First for Women offers women three types of car insurance:

• Comprehensive cover
• Third party, fire & theft
• Third party only

Comprehensive cover covers your car against most risks, including third party damage to other parties.  Third party, fire & theft coverage covers you car against theft and fire damage only, as well as damage caused to third parties.  Third Party Only cover cover only the damage caused to third parties’ vehicles.

MiWay

MiWay offers an extensive range of financial services and products directly to consumers.  MiWay is unique in the way it harnesses the Internet’s power and convenience to empower the consumer to purchase and manage your financial portfolio online at your convenience – or through the companies telecentres.

MiWay customers that prove to be a better-than-assumed risk are rewarded under the MiRewards programme.  Although customers are not encouraged to claim (sometimes accidents just happen), all customers are rewarded, not only those who never claim.

The customer deals with a single supplier that asks for their information only once, obviating the need for more questions and information gathering when the client wants to purchase additional products.  MiWay’s compliments and complaints forum is public and issues are handled publicly, in line with the company’s policy of transparency, honesty and openness.

MiWay’s car insurance is innovative, flexible and affordable and upon meeting certain terms and conditions – even allows customers to fix their insurance premium for up to 36 months.  The customer is encouraged to make use of MiWay’s online facilities to request an online quote and start earning rewards – while also saving on joining fees.  MiWay offers:

• Low flat excess payment
• Very affordable premiums
• Hassle-free claim process
• Top quality service
• Free roadside emergency assist
• The earning of rewards, whether you claim or not
• Buy car insurance online and save on joining fees while starting to earn rewards
• Fix your car insurance premium for 36 months

MiWay’s car insurance policies can cover cars for private or social use, business use or professional use.  ”Private use” would be classified as normal driving between your home and normal place of work.  ”Business use” would be when the car forms an integral part of the performance of any work or function, but would also include private use.  ”Professional use” would be when the car forms an integral part of the performance of any work or function, specifically as a doctor, actuary, lawyer, accountant, engineer or architect, also again including private use.

You can arrange with MiWay to insure your vehicle for its Retail Value, Trade Value, Market Value (halfway between Trade and Retail values) or a specially agreed value (for example, for unlisted cars).

 

Should you need assistance, contact iLead Motorcars for assistance: info@ileadmotorcars.co.za