The automotive insurance market in South Africa is one of the more difficult ones in which to operate. Since the government does not mandate that all drivers carry car insurance, most drivers end up going without it. Also, drivers there are some of the worst around. In fact, South Africa has often had the dubious honor of being ranked number one in both traffic injuries and fatalities.
This combination of a risky driving environment and the alarming number of uninsured drivers has led to high insurance premiums for responsible drivers looking for auto cover.
Comprehensive Cover provides the highest level of protection, and, so, is the most expensive. Its cover includes protection provided by the two lesser types of cover, Third Party and Third Party Fire and Theft. These cover you if you damage other peoples property in an accident or if someone is injured in an accident that is your fault (Third Party) and in the event your car is damaged by fire, theft or attempted theft (Third Party Fire and Theft). Comprehensive cover adds to this by covering damage to your vehicle, limited medical expenses and replacement of broken glass.
This may not mean much to you right now. But when you realize that each time you get behind the wheel, you take the risk of damage to your car, to yourself, and to other people and property into your own hands, driving without insurance is really a frightening idea. Can you afford to repair or replace your car if you are in an accident? If you cause an accident, can you afford to repair or replace someone elses car or property? What if your car is stolen, hijacked or vandalized? If you cant afford to pay for these things out of your pocket, you need insurance.
Since you are informed that insurance is needed, learning about lowering your premiums will take some time.
The best way to reduce your car insurance premiums is to maintain a clean driving record. Since every claim that you make on your insurance costs your insurer money, the more claims you have made, the more that they will need to charge you. By the same token, maintaining a clean driving record will lead to lower premiums.
The next driving factor is the type of vehicle youre insuring. High performance vehicles are considered higher risk. High-dollar models are also more expensive to insure because they are more costly to replace or repair.
Some insurances allow for lesser rates if you make your car more safe. Consider putting in a GPX or extra locks to hold down insurance costs.
Compare insurance rates by requesting quotes online. You will find the most competitive rates and may even receive a discount for purchasing online! Bear in mind that the lowest priced insurance policy does not always offer the best coverage. Evaluate your insurance needs and select the policy that covers you best while keeping your rates as low as possible. - 16928
This combination of a risky driving environment and the alarming number of uninsured drivers has led to high insurance premiums for responsible drivers looking for auto cover.
Comprehensive Cover provides the highest level of protection, and, so, is the most expensive. Its cover includes protection provided by the two lesser types of cover, Third Party and Third Party Fire and Theft. These cover you if you damage other peoples property in an accident or if someone is injured in an accident that is your fault (Third Party) and in the event your car is damaged by fire, theft or attempted theft (Third Party Fire and Theft). Comprehensive cover adds to this by covering damage to your vehicle, limited medical expenses and replacement of broken glass.
This may not mean much to you right now. But when you realize that each time you get behind the wheel, you take the risk of damage to your car, to yourself, and to other people and property into your own hands, driving without insurance is really a frightening idea. Can you afford to repair or replace your car if you are in an accident? If you cause an accident, can you afford to repair or replace someone elses car or property? What if your car is stolen, hijacked or vandalized? If you cant afford to pay for these things out of your pocket, you need insurance.
Since you are informed that insurance is needed, learning about lowering your premiums will take some time.
The best way to reduce your car insurance premiums is to maintain a clean driving record. Since every claim that you make on your insurance costs your insurer money, the more claims you have made, the more that they will need to charge you. By the same token, maintaining a clean driving record will lead to lower premiums.
The next driving factor is the type of vehicle youre insuring. High performance vehicles are considered higher risk. High-dollar models are also more expensive to insure because they are more costly to replace or repair.
Some insurances allow for lesser rates if you make your car more safe. Consider putting in a GPX or extra locks to hold down insurance costs.
Compare insurance rates by requesting quotes online. You will find the most competitive rates and may even receive a discount for purchasing online! Bear in mind that the lowest priced insurance policy does not always offer the best coverage. Evaluate your insurance needs and select the policy that covers you best while keeping your rates as low as possible. - 16928
About the Author:
Tom Martens is the content syndication coordinator for Carinsurancesa.co.za. South Aricas leading car insurance portal.
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