Why You Need Car Insurance
October 3, 2018
With all the expenses you have to stretch your income to fulfil every month, you might wonder, do I need car insurance? Should you be spending all that money on something with no returns; covering risks that may or may not happen? Yes, car insurance is worth the trouble; here are a few reasons why you need car insurance:
Why You Need Car Insurance – Peace of Mind
Buying a car is a huge investment for most families. And it is something most folks save long and hard to purchase or have to take buy on credit. Having spent tens of thousands of rand on your precious Peugeot or Nissan, you will, like many South Africans, worry about its safety in the face of the rising car theft reports. Occurrences of accidents are also increasing so it only makes sense to give yourself the assurance that if any of the above happens, you will be able to repair or replace your car. That’s why you need car insurance.
Say you are involved in an accident, and you are at fault, how will you pay for repairs to the other person’s car or foot their medical bills if they are hurt? Even a basic third party only cover will take care of this headache.
Why You Need Car Insurance – It Can be Affordable
There are many car insurance providers in South Africa, each with a range of products geared at meeting different needs. This wealth of options means the chances of you finding a car insurance package you can afford are high. But how do you choose that suitable car insurance product?
There are several comparison websites on the Internet targeting the South African market. These sites offer you the best quote based on information you give them. After submitting your details, they will send you a quote from a company or a range of quotes that most closely match your needs and budget. They will also list the benefits that go with the product.
Why You Need Car Insurance – Affordable Repairs
Fixing a car, especially the expensive luxury models, can be very expensive. Just a headlamp or a rear view mirror can cost thousands of rand; money you most probably won’t have. But if you are a car insurance policyholder, you won’t even have to worry about how much the damaged parts cost as your insurer will take care of replacing them. Some companies have specific car insurance add-ons that take care of minor repairs, replacement of damaged tyres and sound systems.
Why You Need Car Insurance – Financing
If you approach a bank for a car loan, one of the first things they will insist on is a car insurance policy. And they will choose one for you if you don’t have one.
Why You Need Car Insurance – Rewards
Most insurance companies offer rewards to entice you to sign up with them. One of the common ones is to pay you back a cash bonus if you keep your policy active for a stipulated duration. Others might offer to reduce the risk of losing your vehicle by offering to install a GPS system in it.
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All info was correct at time of publishing