The act of compensating another individual for a risk is known as insurance. Reinsurance, on the other hand, occurs when an insurance company purchases insurance to protect itself from the possibility of loss. Though they may differ in how they are used, the two ideas are extremely similar.
The Old Mutual
One unique feature of Old Mutual auto insurance is their “DriveSave” program, which uses telematics technology to promote safe driving by giving customers discounts of up to 20%. Through their “Greenlight” program, which offers policyholders who drive environmentally efficient automobiles discounts, the company further demonstrates their commitment to sustainability.
OUTsurance
Standard auto insurance with numerous perks is provided by OUTsurance. This includes 12 months of set premiums, even if you file a claim during that time, and a fixed excess regardless of the size of your claim. Additionally, policyholders benefit from a cash OUTbonus, which reimburses 10% of premiums following a three-year claim-free period.
Santam
‘Insurance excellent and proper,’ which is Santam’s slogan, encapsulates the type of service. They provide their customers free emergency services around-the-clock and promise to reimburse you in the event that your car is stolen or written off.
Pineapple
With its innovative “Insure with Friends” approach, Pineapple auto insurance upends the market by enabling policyholders to organize into groups with friends and split any unused premiums at the end of the year. From generating quotes to making policy modifications, their cutting-edge self-service platform enables clients to autonomously manage their policies.
iWYZE
iWYZE auto insurance emphasizes ease of use and openness while offering reasonably priced, all-inclusive coverage. It is an Old Mutual product that sets itself apart with its “Cash Back Plus” feature, which offers moneyback incentives for safe driving.
FNB
Pick FNB auto insurance to keep your vehicle moving. You may apply for insurance using the FNB app and receive up to 15% of your monthly premium back in eBUcks. In addition to roadside and emergency medical help, their complete plan provides a repatriation benefit in the event that you break down in any of the African nations outside of South Africa.
Discovery
Discovery provides drivers with affordable, industry-leading insurance. Benefits offered to their members include the ability to write off their vehicle at a reduced level of damage, the ability to join Vitality Drive, a driver behavior program that incentivizes safe driving practices, and the ability to pay no excess on specific claims.
Absa Bank
Absa Bank provides auto insurance in two formats: iDirect, which can be bought through their contact center, or their app-based Activate plans. They offer value-added services including mechanical breakdown warranty, scratch and dent cover, and credit shortfall cover in addition to an intuitive self-service platform.