The ideal is to have a sensor which actually reads the conductivity of the water, no water, no conductivity, alarm goes off. Easy to construct a circuit with one transistor and a buzzer, but the only problem is that a constant voltage over 2 electrodes will quickly erode 1 of the electrodes. The only way is with the trusty 555 times ic which oscillate the positive and negative electrodes. Three stage is also a good idea, 1 to indicate full, 2nd to indicate not full but also not empty. 3rd with buzzer, no conductivity at all. If you can solder and don't mind forking out a couple R100, get the Velleman kit nr P2639, water level indicator. Next you need to make a fitting that fits into your top radiator hose with 4 elctrodes at different levels. Use a copper or simular pipe with 4 electrodes, spark plugs comes to mind but t will be ugly.

Kit - Assembly Required
Did you forget to turn off the tap? Is the washing machine leaking? Will the aquarium level go too low? Has the rain water butt overflowed? Do you have water in the cellar? Just a minor mishap, or a disaster! You can avoid all this by installing the liquid level controller in the right way and in the right place. -Level indicator: three led's are used to indicate 'LOW LEVEL', 'MEDIUM LEVEL' and 'HIGH LEVEL'. -Level controller: the relay switches automatically a pump and/or valve on and off to keep the level between 'LOW' and 'HIGH'. -Alarm : an 'alarm' signal is available to indicate 'wet' or 'dry'. Some applications may demand a siren, or perhaps a bell or a lamp may be more suitable. It is possible to replace the liquid sensors with other sensors, e.g. temperature or light dependent resistors (NTC/LDR) and thus use the device as a temperature/light controller. Computer interfacing is also possible utilising input card or interface card K8000
Specifications
* Power supply : 12 to 14 V AC/300mA min. or 16 to 18 V DC/100mA min.
* Supply current : 80 mA max.
* Relay output : 240V/3A max.
* Dimensions : P.C.B. : 104 x 60 x 29mm / sensors : 104 x 25 x 1.5mm
I bought mine from http://www.electronics123.co.za in Pretoria.
Also look at this general purpose engine monitoring system at http://www.madman.co.za/
Use it, don't use it. 😉