South African car insurance is not cheap and the crime rate is high. Vehicles are stolen and hijacked regularly. Insurers often charge lower premiums for those vehicles with a tracking device as it puts the driver in a lower risk bracket due to the fact that it will be easier to recover the vehicle in the event of a theft or hijacking.
Most car insurance providers discount your premium by just about the same rate that you pay for the monthly vehicle tracking service. It may not entirely be a major saving on car insurance but at least you can afford tracking without having to pay more above and beyond the car insurance. Remember that only certain insurance companies support discounted premiums and your device needs to be checked regularly with Matrix’s Confidence Checks feature to ensure that it is in working order for the discount to stay.
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