South Africa’s most popular vehicle insurance companies are OUTsurance Holdings, the Sanlam Group, and Telesure Investment Holdings.
This is according to a survey conducted by MyBroadband, which asked readers about their vehicle insurance providers and preferences.The first question of the survey asked respondents which insurance company their primary vehicle was insured with.Sanlam was in second place, with 17.13% of the market share across its two vehicle insurance properties, Santam and MiWay.This is an excellent result for Telesure, as it is positioned as the leading contender insurance company in South Africa.
Of these respondents, 16% said they would choose OUTsurance, while 14% said they preferred a Telesure insurance company — another strong result for the contender and a good reflection on its brands.What South Africans want from their insurerWhat do you like the least about your vehicle insurer?In all three cases, the top two factors were clear: pricing and the level of cover offered.which aims to encourage constructive discussions.