Getting Car Insurance Quotes In South Africa
June 8, 2015
Getting car insurance quotes in South Africa can be somewhat challenging.
With loads of companies all promising to give you great value, cash back rewards and much more. So what’s the best thing to do to be fully informed in order to meet your needs?
Get car insurance quotes in South Africa online and compare costs and benefits immediately.
A Good question to ask is “What is Car Insurance?” as Most People in South Africa are uninsured
Car insurance aims to cover you in the event that something happens to your car and you cannot afford to pay for it out of pocket.
The main types of car insurance cover are:
- Comprehensive – online car insurance quotes will offer you the costs of comprehensive cover which covers both your own car damage and any other damage caused to another person’s vehicle or property. It’s the widest form of cover and also covers hail, fire, accident and malicious damage. Theft is also included for the entire car or parts of it as well as cover for windscreen damage.
- Third party, fire and theft – a restricted form of cover, this option covers you against damage you might cause to another party’s car or property. You’re also covered for fire or theft of your car but there is no cover for hail or windscreen damage.
- Third party cover only – typically the cheapest type of cover, you will only be insured for damage caused to someone else’s property or car. At the very least, you should shop around online for this type of cover.
Why Do You Need car Insurance quotes in South Africa?
When you purchase a car there are certain obligations regarding car insurance. Should something happen to your car, you might not have enough cash on hand to cover the repair costs or be able to replace the car if it is written off or stolen.
You also have a legal obligation to cover the cost of damage you might cause to someone else’s car or property. This is why it’s worth getting a few online car insurance quotes and choosing the one that best suits your needs.
If you need to loan money to buy a car, the bank will insist on having the car insured with comprehensive cover. That’s because the car doesn’t technically belong to you until you have repaid the loan in full.
The bank will let you shop around for car insurance quotes in South Africa and choose the insurer that best suits you. But if you fail to prove that your car is insured, the bank will arrange cover for you. And that could get costly.
How Much Should You Insure Your Car For?
Different insurers offer different solutions. Typical offers include:
Trade value– the value of the car if you trade it with another car.
Market value – the trade and retail value of the car added together. Divide the value by 2.
Retail value – the car’s actual value.
What About Excess?
An excess is the amount you need to pay in the event of a claim. The amount varies from insurer to insurer. If you opt for higher excess, you may get a cheaper monthly premium.
Shop around online for the best car insurance quotes in South Africa and find the cover that’s going to be best for you.
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All info was correct at time of publishing