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NEWSLETTERS

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Understanding the misconceptions of vehicle insurance 
DID YOU KNOW?
There are many myths surrounding vehicle insurance 
 
Myth 1: Colour choice plays a major role in premium costs
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This differs from insurer to insurer. Statistics have shown that red and black vehicles are a higher risk for accident damage than white vehicles. At Santam, colour is not considered. 
Myth 2: It costs more to be insured as the driver gets older 

False – it actually works in reverse. Younger persons or persons with a driver’s license for shorter periods of time are a higher road risk due to their perceived inexperience, which justifies a higher premium. 
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