In today's world in South Africa with the increase in hijackings, theft of motor vehicles and the high risk of accidents on our roads due to speeding, drunk driving etc., once purchasing a vehicle it is absolutely necessary to take out car inurance for it immediately. If you don't take car insurance, you run the risk of losing all what you paid for it or even worse if you just taken out a loan to purhase your car, you will be highly in debt for many years and will be ruined financially.
Car insurance is an important consideration for any vehicle owner in South Africa. It provides protection against financial losses resulting from car accidents or other types of damages to your vehicle.
There are several types of car insurance available in South Africa, including third party, third party fire and theft, and comprehensive coverage.
Third party insurance is the minimum level of car insurance in South Africa. It provides protection for damages or injuries that you may cause to another person or their property while driving your car. It does not cover damages to your own vehicle.
Third party fire and theft insurance is similar to third party insurance, but it also covers damages to your own vehicle caused by fire or theft.
Comprehensive car insurance is the highest level of car insurance available in South Africa. It provides the most comprehensive protection, covering damages to your own vehicle as well as damages or injuries that you may cause to another person or their property. It may also include additional benefits such as roadside assistance and rental car reimbursement.
When shopping for car insurance in South Africa, it's important to compare quotes from multiple insurers to ensure that you're getting the best coverage at the most affordable price. It's also a good idea to review the terms and conditions of your policy carefully to understand exactly what is and is not covered.
Overall, car insurance is an important investment for any car owner in South Africa, providing peace of mind and financial protection in the event of an accident or other unforeseen circumstances.
Fortunately, there are some affordable insurance for cars by some reputable insurance companies out there. Some of them even give you money back if you don't claim after a few years and you even get money back monthly if you drive well. Here are a few car insurance companies:
Dial Direct Car Insurance benefits include uto 75% of your premiums back in cash every month if you drive well. Additionally with their Dialdirect Payback bonus, you get 25% of your premiums back or your whole first year of premiums back in cash after four consecutive years of cover with them even if certain claims are made.
With Naked Insurance you get q quote in 60 seconds. Their premiums are very cheap as they as they used an automated self-service system. You use their app or website to get a quote or to claim.
Discovery Insurance benefits include utpo 25% of your fuel and Gautrain spend back every month.
With Outsurance you can an OUTbonus of 10% of your paid insurance premiums after three consecutive claim-free years. They also have a refer and earn program where you can earn upto R1000 for each successful referral.
There are also a few sites where you can compare insurance for cars quotes:
Some of the things to consider when taking out car insurance are:
1. Make sure that you are properly covered eg. Comprehensive insurance might be a little more expensive but covers accident, theft and 3rd party damage.
2. Make sure that you have a Tracker device installed in your vehicle. Some insurance companies won't pay you out for theft if you don't have a tracker installed.
3. Ensure that you vehicle has an alarm and immobiliser system fitted.
4. If you decide to take third party insurance because of the low premiums, remember that if you are involved in and accident, it only covers the cost of damage to the other person's vehicle. In come cases it also covers your vehicle for theft though. So, it might be worthwhile if you can't afford comprehensive insurance.
5. In the event of an accident, you might want to consider car hire as an added option depending on your circumstances. Most comprehensive insurance policies have car hire as an optional option.
6. Most insurance companies increase your premiums after each year so continue to shop around for the best possible car insurance quote after each year of your car insurance.
So, make sure that you consider all of the above when taking out car insurance.
