Types of Car Inusrance in SA
The current data indicates that around 65 percent of South African drivers are without auto insurance cover and this is really alarming situation against the remaining 35 percent drivers who have purchased the auto insurance cover. So, what are the reasons responsible for the people not to make at least minimum auto insurance cover?
Lets commence by summarizing the types of insurance.In south africa, auto insurance coverage has three basic types.
The minimum cover is Third Party. This covers your liability (costs) if you damage someone elses personal property in an automobile accident. This includes other vehicles or structural property that may also be damaged.
You also have the option of buying Third Party Fire and Theft which would cover incase of any damage to your vehicle by fire, theft or attempted theft.
Comprehensive cover is the one that is recommended for most South Africans. And the aAdvantage of comprehensive motor insurance is that it is unique as it covers the most South Africans including Third Party Fire and Theft. It also extends to cover the damages to your own or someone else's car when you are driving it.
Drivers working in South Africa can obtain vehicle insurance options that can address the unique needs of operating a vehicle in this area. Such options include motorcycle, off-road, comprehensive cover, and caravan cover.
South Africa is often a world leader in traffic injuries and fatalities and the roads are becoming increasingly dangerous. Car theft and hijackings are also all too common. Because South Africa is a high risk insurance environment, premiums can be high. But you can take some steps to lower your premiums.
When deciding on a policy, it's best to shop and compare quotes first. The best way to do this is by looking online which may enable you to get a lower price according to the company you want to work with.
If you remain accident-free, you can expect to pay lower monthly premiums. If your current insurance provider does not offer discounts for safe driving, it might be time to shop around for better rates.
During the purchase of insurance, you should check the maximum amount that you are going to paid if claimed. If this excess amount is high, then premium will also be high. Selection of maximum amount depends on you. It gives you benefit on long run, if you can afford higher excess amount.
Are you an owner of an expensive or high performance vehicle, if so you will end up paying more for premiums. These luxury vehicles attract high rates to insure as it is expensive to replace or repair. Keep in mind when buying a car that insurance premiums adds to the value of owning it.
Because most insurance companies often have minimum security requirements for vehicles that they secure, exceeding the minimums by adding security devices can result in a discounted premium.
If you live in a high crime area, your car is at greater risk for theft or hijacking. Consider moving to get lower premiums. You can also receive a discount if you park your car in a locked garage or behind locked gates overnight.
Most of all, dont be afraid to negotiate. An insurance company that is interested in your business will be willing to work with you in order to earn your business. - 21392
Lets commence by summarizing the types of insurance.In south africa, auto insurance coverage has three basic types.
The minimum cover is Third Party. This covers your liability (costs) if you damage someone elses personal property in an automobile accident. This includes other vehicles or structural property that may also be damaged.
You also have the option of buying Third Party Fire and Theft which would cover incase of any damage to your vehicle by fire, theft or attempted theft.
Comprehensive cover is the one that is recommended for most South Africans. And the aAdvantage of comprehensive motor insurance is that it is unique as it covers the most South Africans including Third Party Fire and Theft. It also extends to cover the damages to your own or someone else's car when you are driving it.
Drivers working in South Africa can obtain vehicle insurance options that can address the unique needs of operating a vehicle in this area. Such options include motorcycle, off-road, comprehensive cover, and caravan cover.
South Africa is often a world leader in traffic injuries and fatalities and the roads are becoming increasingly dangerous. Car theft and hijackings are also all too common. Because South Africa is a high risk insurance environment, premiums can be high. But you can take some steps to lower your premiums.
When deciding on a policy, it's best to shop and compare quotes first. The best way to do this is by looking online which may enable you to get a lower price according to the company you want to work with.
If you remain accident-free, you can expect to pay lower monthly premiums. If your current insurance provider does not offer discounts for safe driving, it might be time to shop around for better rates.
During the purchase of insurance, you should check the maximum amount that you are going to paid if claimed. If this excess amount is high, then premium will also be high. Selection of maximum amount depends on you. It gives you benefit on long run, if you can afford higher excess amount.
Are you an owner of an expensive or high performance vehicle, if so you will end up paying more for premiums. These luxury vehicles attract high rates to insure as it is expensive to replace or repair. Keep in mind when buying a car that insurance premiums adds to the value of owning it.
Because most insurance companies often have minimum security requirements for vehicles that they secure, exceeding the minimums by adding security devices can result in a discounted premium.
If you live in a high crime area, your car is at greater risk for theft or hijacking. Consider moving to get lower premiums. You can also receive a discount if you park your car in a locked garage or behind locked gates overnight.
Most of all, dont be afraid to negotiate. An insurance company that is interested in your business will be willing to work with you in order to earn your business. - 21392
About the Author:
Tom Martens is the content syndication coordinator for Carinsurancesa.co.za. South Aricas leading car insurance portal.
posted by X - Men @ 12:37 AM
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