The Best Ways to Save Money on Insurance in 2025

Insurance is essential for financial security, but that doesn’t mean you have to overpay for coverage. In 2025, there are several ways to reduce insurance costs in Africa while still ensuring you have adequate protection. Whether you're looking for motor insurance, health insurance, or business coverage, these money-saving strategies can help.

1. Compare Insurance Providers Before Buying

Many Africans stick with the first insurance provider they find, but shopping around can lead to better rates. Use online insurance comparison tools or talk to multiple insurers to find the best deal.

Look for insurers that offer customized policies based on your needs, rather than one-size-fits-all plans.

2. Opt for Digital-Only or Insurtech-Backed Policies

With the rise of insurtech in Africa, digital-only insurance providers offer lower administrative costs, which means cheaper premiums for consumers. Many insurtech companies use AI-driven pricing models that can provide discounts based on driving behavior, health data, or payment history.

Consider WhatsApp-based insurance like Maya for flexible and low-cost coverage options.

3. Bundle Your Insurance Policies

If you have multiple insurance needs, bundling them under one provider can lead to discounts. Many insurers in Africa offer reduced rates for combining motor, health, and business insurance into a single policy.

Ask your insurer if they have multi-policy discounts or loyalty rewards.

4. Improve Your Risk Profile

Insurance premiums are based on risk assessment. The lower the risk, the lower the cost.

• For motor insurance: Install anti-theft devices or use safe driving habits. Some insurers offer usage-based insurance (UBI) that rewards careful drivers.

• For health insurance: Maintain a healthy lifestyle to qualify for lower health insurance premiums.

• For business insurance: Implement safety measures in your business to reduce liability risks.

Ask your insurer if they offer risk-reduction discounts for good behavior.

5. Choose a Higher Deductible

A deductible is the amount you pay before your insurance covers the rest. Choosing a higher deductible means lower monthly premiums—but be sure you can afford the out-of-pocket cost if you need to make a claim.

Only increase your deductible if you have an emergency fund to cover unexpected expenses.

6. Pay Your Premiums Annually Instead of Monthly

Many insurers charge extra fees for monthly payments. If you can afford to pay your premium annually, you may save money.

Ask your insurer if they offer discounts for upfront payments.

7. Take Advantage of No-Claims Bonuses

Some insurance companies in Africa reward safe drivers and policyholders who don’t make claims. The longer you go without making a claim, the more discounts you can receive when renewing your policy.

Check if your insurer offers a no-claims discount and find out how much you can save over time.

8. Use Group Insurance Plans

If you're part of an organization, cooperative, or professional association, you may qualify for group insurance discounts. Many African businesses and unions negotiate cheaper rates for members.

Ask your employer or trade association about group insurance plans that could save you money.

Saving money on insurance in Africa doesn’t mean compromising on quality. By comparing providers, using insurtech solutions, bundling policies, and improving your risk profile, you can significantly reduce your premium costs in 2025.