In relation to your income in South Africa the cost of insurance is seen as one of the more expensive in the world.
The major outlay is Medical Insurance (Medical Aid); it is seen as 'compulsory' due to the state of the public hospitals.
Expect to pay upwards towards R2,000/month for Medical Aid in South Africa.
Car/vehicle insurance is equally up there in price; expect to pay upwards to R4,000.
There is of course different level of insurance you can be covered for; keep in mind that there is a high proportion of
vehicles on the road that has no insurance whatsoever! So the cheaper option of just getting 3rd party, fire and theft
could leave you in a terrible state; so the best thing is to find the best Comprehensive Insurance for you.
Another tip is to try and get roadside recovery included...
Content Insurance is one you should consider and expect to pay up to R1,000.
One advice is to not try lowering your monthly premium by giving a low estimate of replaceable items as it will only make you
fall short should you ever need to make a claim.
Other end of the scale is not advisable either as you will only be throwing away money unnecessarily.
Finding the right Insurance for you is getting easier due to the internet. It gives us the weapon to shop around the most
suitable cover at the best price. Various companies will offer competitive 'Special Insurance Campaigns' and
promotional deals throughout the year.
from flickr.com
more coming soon