Insurance Demographics: How Premiums Differ by Age, Gender, Income, and More?

Do men pay more than women for car insurance? By how much do your monthly premiums go down as you get older? What car brands are the most popular per province, and how much is it to insure them? Hippo has the answers.

In this comprehensive guide on South African car insurance premiums, we use our data to break down SA car insurance premiums by demographics—after all, comparing insurance quotes is what we’re good at. If you’ve ever searched for “car insurance premiums by age in South Africa” or “car insurance by gender,” you’ll find everything you need right here.

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SA Car Insurance by Numbers

SOURCE: HIPPO

SA Car Insurance by Numbers

Most of us know that younger drivers pay more for insurance. They have less experience, statistically higher accident rates, and tend to take more risks on the road.

The good news is that as you get older, you can expect significant reductions in your premiums. Just check out the breakdown below:

Age GroupAverage Accepted Premium
18-25 R1,672
26-29 R1,542
30-35 R1,325
36-39 R1,188
40-49 R1,115
50-59 R1,038
60-69 R892
70+ R718

FACT BOX

  • The difference in average car insurance premiums between an 18-year-old and a 70-year-old can be as high as R954, or 24%!
  • The most noticeable drop in premiums occurs after age 60, with a significant reduction to R892 for the 60-69 group and even lower to R718 for those 70+. This may show that older drivers, perhaps seen as more cautious, receive much more favourable premium rates.
  • The 40-49 and 50-59 age groups see a more gradual decline in premiums, indicating a stabilisation period where premiums are relatively moderate compared to both younger and older age groups.

 

Read here for a more detailed breakdown of premiums by age.

 

Car Insurance Premiums by Gender in South Africa

Men pay more for insurance than women, right? Wrong… According to Hippo data, women pay R277 more on average on their monthly premiums.

GenderAverage Accepted PremiumMinimum Accepted PremiumMaximum Accepted Premium
Male R1,146 R128 R61,817
Female R1,423 R130 R24,936
All Hippo Users R1,294 R128 R61,817

R61,817 per month on insurance?

The highest accepted car insurance premium recorded by Hippo was R61,817 per month. This was for a Mercedes-AMG G-Class G63.

 

SA Car Insurance Premiums by Vehicles

Which province has the most expensive car insurance? You may be guessing Gauteng, but not so! Limpopo (Polokwane) has the highest average premiums per month for the VW Polo at R1,666. They’re followed by Northwest (Mahikeng) then Gauteng (Johannesburg).

The lowest average premium among the popular vehicles is in Western Cape (Cape Town) for the Toyota Corolla at R913.

ProvinceMain CityMost Popular VehicleAverage PremiumSecond Most Popular VehicleAverage PremiumThird Most Popular VehicleAverage Premium
Eastern Cape Bhisho VW Polo Vivo R1,268 VW Polo R1,504 Ford Ranger R1,426
Free State Bloemfontein VW Polo R1,295 VW Polo Vivo R1,180 Ford Ranger R1,397
Gauteng Johannesburg VW Polo R1,632 VW Polo Vivo R1,306 Suzuki Swift R1,379
KZN Pietermaritzburg VW Polo Vivo R1,277 VW Polo R1,507 Toyota Corolla R1,126
Limpopo Polokwane VW Polo R1,666 VW Polo Vivo R1,282 Toyota Hilux R1,409
Mpumalanga Nelspruit VW Polo R1,226 VW Polo Vivo R1,534 Ford Ranger R1,541
Northwest Mahikeng VW Polo Vivo R1,313 VW Polo R1,634 Ford Ranger R1,409
Northern Cape Kimberley VW Polo Vivo R1,318 VW Polo R1,456 Ford Ranger R1,440
Western Cape Cape Town VW Polo R1,117 VW Polo Vivo R962 Toyota Corolla R913

FACT BOX

Aligning with South Africa’s most popular cars, the VW Polo, Polo Vivo, Suzuki Swift, Ford Ranger, Toyota Hilux, and Ford Ranger are the most insured cars in South Africa.

 

Read here for a more detailed breakdown of Premiums by Province.

 

Expert Tools, Tips and Guides

Welcome to our comprehensive Car Insurance Guide, where we've meticulously compiled essential information, tools, and insights designed to assist you in navigating the complex world of car insurance.

 

Here are some of our guides to help you make the best choice for you

Here are some of our tips to help you make the best choice for you

Our Guides

Our Tips

Comprehensive Cover: Offers extensive protection against financial losses from a wide array of incidents involving your vehicle.

Exploring Car Insurance Options: Understand the different levels of coverage available to suit your needs.

Third Party, Fire and Theft: Not only covers damages to others but also protects your car against theft or fire damage.

Impact of Excess on Premiums: Learn how your insurance excess can influence the cost of your premium.

Third Party Only: Safeguards against the costs of damage to other people and their property, without covering your own vehicle.

Affordable Car Insurance: Tips for finding cost-effective car insurance coverage for peace of mind.

Under 25s Car Insurance: Navigate how your age influences your risk profile and insurance premiums.

Insurance Claim Process: A straightforward guide to filing a claim with your insurer.

Vehicle Use Classification: Offers extensive protection against financial losses from a wide array of incidents involving your vehicle.

Car Guide: A great guide to South Africa's car brands, insurance premiums for those brands and more.