Advantages and disadvantages of car insurance

    January 10, 2019

    As millions of cars take to the South African roads every day, car accidents are inevitable. Car insurance can be a lifesaver, although it does come with a few problems. In this article, we will critically discuss the advantages and disadvantages of car insurance.

    Advantages and Disadvantages Compared

    Although no motorist will welcome an accident or damage to his/her car. There is a possibility of a car accident that you can be in a car accident.

    Financial protection

    Advantages and DisadvantagesIf you are in a car accident and damages his/her car. Or even the other people’s property, he/she will have to pay for the costs of the repairs. Although if you had car insurance, they would take care of most of those expenses.

    Medical costs

    Some accidents are severe. Either the motorist or some third parties will have a serious injury, and as a result, someone will need to settle the medical bills. Having an insurance allows the motorist to relax while the insurance company covers the medical costs.

    Vehicle write-off

    If you have a serious car accident, you might have to write-off your car. When this happens, you will not have a car anymore. The insurance will cover the damages and in some cases, give the motorist the full value of his/her car. The insurance company can buy the policyholder a new car and save the motorist from becoming a pedestrian.

    Removes stress

    Getting into a car and driving it from point A to point B is a risk. Thieves could steal your car, or you could have significant damage because of an accident. These are the risks that every motorist has to live with.

    Fortunately, if a motorist has insurance, he/she doesn’t have to worry about that. He/she knows that the insurance will replace his/her car in case something very bad happens to the vehicle.

    Saves motorists from reckless drivers

    There are millions of drivers on the roads. Some of them are cautious, and some are reckless. Some have licenses while some don’t.

    Although a motorist may be a good and cautious driver, he/she may be involved in a car accident, and the person responsible for damaging the motorist’s car will not have the money to pay for the repairs or replace if it becomes necessary.

    Insurance takes care of those expenses.


    When you talk about the advantages and disadvantages of car insurance. There isn’t a lot to say about the disadvantages of car insurance. Here we list some potential disadvantages.

    High premiums

    Insurance is expensive. The premiums that policyholders pay could be saved and used for something different.

    Time consuming

    Setting up a car insurance plan is time-consuming and finding the right insurance company & cover takes a lot of effort.

    The verdict

    The advantages clearly outweigh the disadvantages. All motorists are urged to get insurance cover so that they can have a peace of mind.The South African car insurance industry is filled with reputable companies such as Miway, and the policyholder has nothing much to worry about.

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    All info was correct at time of publishing