Car Insurance In Review
4:08 AM
The car insurers in South Africa are always designing insurance coverages to meet the needs of the different types of drivers, from the urban ones to the off-road ones.
If you don't have insurance, take stock of your situation. Can you afford to repair or replace your car in the event of an accident? Can you afford to repair or replace someone else's car or property in the event of an accident that is your fault? What if your car is stolen, hijacked or vandalized? Owning and driving a car is risky business - that's why you need car insurance.Most South Africans should have Comprehensive Cover. In reality, 65 percent of auto owners in South Africa do not have any coverage. This is a shocking number especially in light of the rising rates of fatalities and injuries on South Africa's roads.
Third Party Only covers you if you are responsible for damage to someone else's property in an auto accident. Other options include Third Party Fire and Theft Cover, which pays to replace or repair your vehicle as a result of fire, theft or attempted theft.
Motorcycling is a widely accepted form of both transportation and sport. From America, to South Africa, communities of avid motorcyclists can be found. And just as in the operation of a car, a motorcyclist needs insurance to protect themselves against loss or damage as well. Thankfully there are policies designed specifically for this growing need.
Because the great outdoors is such a large part of South African living, several products have been developed for the risks associated with outdoor travel. For off-road enthusiasts, there is Off-Road Comprehensive cover designed to cover the risks in this unique and unpredictable driving environment.
If you're considering car insurance for the fist time, you may be surprised by how expensive premiums can be . Several factors drive these rates, and you have a certain amount of control on how they affect your premium.
Your age and driving record are important factors even if you cannot do anything much about them. Time is an important factor; you will pay more if you're very young or have no history of driving. You will also pay more if you've had many accidents. On the other hand, if you've driven safely for a while, you will pay lower premiums.
If you are purchasing a new vehicle, the vehicle you are purchasing will effect your car insurance and the premiums. If you buy or own a vehicle that is expensive you will find that insurance will be more, sometimes this is due to the simple risk of theft.
Some companies have minimum safety requirements, but will discount your premiums if you exceed these minimums. Also consider where you keep your vehicle. If your car is parked in a high-crime area or even on the street overnight, you'll pay for that risk.Another way to reduce your premiums is to increase your safety measures.
Be sure to research different kinds of insurance and how they relate to your situation. Just because something is cheap doesn't mean it is right for you. Be sure to select the policy that meets your needs and is at a price you can afford.
If you don't have insurance, take stock of your situation. Can you afford to repair or replace your car in the event of an accident? Can you afford to repair or replace someone else's car or property in the event of an accident that is your fault? What if your car is stolen, hijacked or vandalized? Owning and driving a car is risky business - that's why you need car insurance.Most South Africans should have Comprehensive Cover. In reality, 65 percent of auto owners in South Africa do not have any coverage. This is a shocking number especially in light of the rising rates of fatalities and injuries on South Africa's roads.
Third Party Only covers you if you are responsible for damage to someone else's property in an auto accident. Other options include Third Party Fire and Theft Cover, which pays to replace or repair your vehicle as a result of fire, theft or attempted theft.
Motorcycling is a widely accepted form of both transportation and sport. From America, to South Africa, communities of avid motorcyclists can be found. And just as in the operation of a car, a motorcyclist needs insurance to protect themselves against loss or damage as well. Thankfully there are policies designed specifically for this growing need.
Because the great outdoors is such a large part of South African living, several products have been developed for the risks associated with outdoor travel. For off-road enthusiasts, there is Off-Road Comprehensive cover designed to cover the risks in this unique and unpredictable driving environment.
If you're considering car insurance for the fist time, you may be surprised by how expensive premiums can be . Several factors drive these rates, and you have a certain amount of control on how they affect your premium.
Your age and driving record are important factors even if you cannot do anything much about them. Time is an important factor; you will pay more if you're very young or have no history of driving. You will also pay more if you've had many accidents. On the other hand, if you've driven safely for a while, you will pay lower premiums.
If you are purchasing a new vehicle, the vehicle you are purchasing will effect your car insurance and the premiums. If you buy or own a vehicle that is expensive you will find that insurance will be more, sometimes this is due to the simple risk of theft.
Some companies have minimum safety requirements, but will discount your premiums if you exceed these minimums. Also consider where you keep your vehicle. If your car is parked in a high-crime area or even on the street overnight, you'll pay for that risk.Another way to reduce your premiums is to increase your safety measures.
Be sure to research different kinds of insurance and how they relate to your situation. Just because something is cheap doesn't mean it is right for you. Be sure to select the policy that meets your needs and is at a price you can afford.
About the Author:
Tom Martens is the syndication coordinator for Carinsurancesa.co.za. South Arica's leading car insurance portal.
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