This post was published on Oct 29, 2024 | Updated on Oct 29, 2025
Get your best premium - car insurance calculator
Are you thinking about revisiting your vehicle insurance? While protecting our belongings is crucial, there are ways to lower your car insurance costs. Understanding insurance can be complex, so let's dive into the details.
At iWYZE, we provide comprehensive insurance for a wide range of vehicles, ensuring South Africans can protect their most valuable assets on the road. From popular models like the Toyota Hilux, Ford Ranger, Toyota Corolla Cross, to the VW Polo Vivo—all ranked among South Africa's top 10 best-selling cars—we've got you covered. On average, comprehensive car insurance with iWYZE starts from around R800, with the exact premium based on your vehicle’s make, model, and your individual customer profile.
Here are premiums some of our customers are paying for their respective vehicles:
| Year | Make | Model | Monthly Car Insurance Premium |
| 2020 | Volkswagen | Polo Vivo 1.4 Trendline | R868.40 |
| 2021 | Toyota | Hilux 2.8 GD-6 RB A/T Raider | R1 611.25 |
| 2022 | Toyota | Urban Cruiser 1.5 Xi | R848.89 |
| 2021 | Toyota | Corolla Cross 1.8 Xi | R874.75 |
| 2022 | Toyota | Starlet 1.5 Xi | R1 019.81 |
| 2019 | Toyota | Fortuner 2.4 GD-6 | R1 058.00 |
| 2020 | Toyota | Fortuner 2.4 GD-6 | R1 250.25 |
*The premiums shared are based on specific consumer risk profiles (age, gender, marital status). *Premiums are risk profile dependent and reviewed annually. Ts&Cs apply
This, however, depends on your customer profile.
What is a customer profile?
A customer profile is a detailed description of a policyholder. It included factual info that assists insurers to determine a customer’s risk and therefore quote an insurance cover premium that is suitable for a customer’s unique needs.
What influences car insurance quoted premiums?
Insurance companies consider various factors to determine how risky it is to insure you:
- Length of time you've had your driver's license and its type
- Insurance history
- Age
- Credit score
- Services costs (Panel beaters, parts suppliers, storage facilities, etc).
- Inflation
- Area risk ratio (Where your car is parked)
Did you know? SAPS incident reports help insurers identify high and low-risk areas based on incident frequency. - Driving behaviour
- Vehicle (make, model, age)
- Vehicle usage (business or private?)
These influencing factors all connect to a broader concept that defines how insurers assess each driver — your customer profile. Insurance expert Cameron explains why it matters:
“In the world of insurance, one size doesn't fit all. Whether you’re insuring your car in Cape Town or your home in Johannesburg, your needs are unique. That’s where a customer profile comes in. But what exactly is a customer profile, and why is it important for both insurers and consumers?
Let’s break it down.
What Is a Customer Profile?
A customer profile is a detailed summary of a policyholder’s personal, financial, and behavioural characteristics. Think of it as a snapshot that helps insurance providers understand who you are, what risks you pose, and how best we can serve you. A typical customer profile in the South African insurance context may include:
Demographics: Age, gender, marital status, location
Lifestyle & habits: Driving behaviour, hobbies
Assets owned: Vehicles, homes, valuable possessions
Claims history: Past insurance claims, frequency, and severity
Risk profile: High or low risk based on multiple factors
This information allows Insurers to tailor products, pricing, and services to match your specific circumstances.
Why Customer Profiles Matter in South Africa
South Africa presents a unique and complex insurance landscape and for this reason customer profiling is important, here’s why:
- Personalised Premiums - Insurers use customer profiles to determine how much you pay for cover. A responsible driver in a low-crime area of Bloemfontein will likely pay less for car insurance than a high-risk driver in central Johannesburg. This is made possible through dynamic pricing models built on profiling.
- Better Product Fit - With a clear profile, insurers can recommend the most relevant policies. For instance, a 28-year-old freelancer in Cape Town may benefit from comprehensive vehicle insurance, while a family in Pretoria might need a comprehensive home and contents policy.
How to Benefit from Your Own Customer Profile
As a policyholder, you can use your profile to your advantage, here how:
1. Keep it updated: Notify your insurer when your circumstances change, like moving homes or buying a new car.
2. Be honest: Misrepresenting your details can lead to rejected claims.
3. Shop smart: Compare quotes based on your profile and ask insurers how they assess your risk.
4. Ask for discounts: Good driving records, no claims bonuses, or security upgrades can positively influence your profile. ” - Cameron Kavirayan, Senior Manager: Product and Underwriting
With this perspective, it becomes clear that understanding your customer profile isn’t just about numbers — it’s about aligning your cover with your lifestyle and risk level.
The best car insurance calculator is getting a car insurance quote online, as that is the most accurate premium which is based on your personal details and profile. Get a quote from iWYZE and make the wise choice to protect your vehicle.
Look at this customer profile example to showcase what a customers profile could look like …
Introducing Bob Wise*, he is 35 years old. He has a code B drivers license, since 2006. He’s been insured since 2006. He lives in Sandton and works in Fourways. With 18 years of driving experience he’s had 3 incidents that he has claimed for: 2006 he drove into his gate motor one evening, 2013 a learner driver didn’t stop at a stop street and drove into him, 2014 his wife was bumped in a shopping parking lot. The incidents speak to Bob’s driving behaviour especially since he hasn’t made a claim since 2014. He has a good driving record. Bob drives an Audi A1, 2011 model, which he uses for private use; to get to work and back. Bob’s premium reflect his profile.
*Pseudonyms and stock photo used in compliance with the OM Insure Privacy Policy.
Can you save on car insurance?
Here are some tips to help you get the best insurance premium:
Compare quotes (remember that it must be like for like)
Getting quotes from different insurers gives you the opportunity to see which car insurer gives you the best cover at the lowest rate for your situation. Remember to compare quotes and not premiums provided by online car insurance calculators!
Ask about discounts
Most insurers offer a list of possible discounts you may qualify for to help lower your premium. Asking about discounts may at times be your saving grace from paying higher car insurance premiums.
Consolidate your policies
If you bundle your policies, you’ll most likely get a discount at most insurers.
Car Insurance calculators with no personal information required is not a true reflection of a premium you should expect to pay. For the best results, use our online quote tool to get car insurance quotes and a precise figure and ensure you’re well-protected.
