From the urban to the off-road, drivers can find suitable insurance coverage to meet their specific needs. Car insurers are constantly designing products for South Africa's unique driving environments.
While most South Africans should carry Comprehensive Cover car insurance, 65 percent of South African drivers have no car insurance at all. This is stunning given the high rates of motor vehicle accidents and fatalities in South Africa. If you have no insurance, then you will need to replace or repair your car at your own expense if an accident occurs, and you may have to repair or replace someone else's car in case of an accident. What happens if your car is hijacked, stolen, or vandalized? You need car insurance to cover the risks of car ownership.
Third Party Only covers you if you are responsible for damage to someone else's property in an auto accident. Other options include Third Party Fire and Theft Cover, which pays to replace or repair your vehicle as a result of fire, theft or attempted theft.
Motorcycling is a widely accepted form of both transportation and sport. From America, to South Africa, communities of avid motorcyclists can be found. And just as in the operation of a car, a motorcyclist needs insurance to protect themselves against loss or damage as well. Thankfully there are policies designed specifically for this growing need.
Because the great outdoors is such a large part of South African living, several products have been developed for the risks associated with outdoor travel. For off-road enthusiasts, there is Off-Road Comprehensive cover designed to cover the risks in this unique and unpredictable driving environment.
When you have not looked at insurance premiums before you may be surprised at how expensive they are. There are factors that determine the rates that you do not have control over and some that you do have control over.
Younger drivers are considered a higher risk, and therefore pay higher premiums. If you have no driving history, or if your history includes accidents or dangerous driving habits, your premiums will be higher. But, as you age and build a better driving history, your premiums will reflect the lower risk.The first factor, one you can't really do anything about, is your age and driving record. Fortunately, the passage of time has a great effect on this factor.
The value of your vehicle is another important consideration. Expensive vehicles are more expensive to insure, as are high performance vehicles.
Some companies have minimum safety requirements, but will discount your premiums if you exceed these minimums. Also consider where you keep your vehicle. If your car is parked in a high-crime area or even on the street overnight, you'll pay for that risk.Another way to reduce your premiums is to increase your safety measures.
Be sure to research different kinds of insurance and how they relate to your situation. Just because something is cheap doesn't mean it is right for you. Be sure to select the policy that meets your needs and is at a price you can afford.
While most South Africans should carry Comprehensive Cover car insurance, 65 percent of South African drivers have no car insurance at all. This is stunning given the high rates of motor vehicle accidents and fatalities in South Africa. If you have no insurance, then you will need to replace or repair your car at your own expense if an accident occurs, and you may have to repair or replace someone else's car in case of an accident. What happens if your car is hijacked, stolen, or vandalized? You need car insurance to cover the risks of car ownership.
Third Party Only covers you if you are responsible for damage to someone else's property in an auto accident. Other options include Third Party Fire and Theft Cover, which pays to replace or repair your vehicle as a result of fire, theft or attempted theft.
Motorcycling is a widely accepted form of both transportation and sport. From America, to South Africa, communities of avid motorcyclists can be found. And just as in the operation of a car, a motorcyclist needs insurance to protect themselves against loss or damage as well. Thankfully there are policies designed specifically for this growing need.
Because the great outdoors is such a large part of South African living, several products have been developed for the risks associated with outdoor travel. For off-road enthusiasts, there is Off-Road Comprehensive cover designed to cover the risks in this unique and unpredictable driving environment.
When you have not looked at insurance premiums before you may be surprised at how expensive they are. There are factors that determine the rates that you do not have control over and some that you do have control over.
Younger drivers are considered a higher risk, and therefore pay higher premiums. If you have no driving history, or if your history includes accidents or dangerous driving habits, your premiums will be higher. But, as you age and build a better driving history, your premiums will reflect the lower risk.The first factor, one you can't really do anything about, is your age and driving record. Fortunately, the passage of time has a great effect on this factor.
The value of your vehicle is another important consideration. Expensive vehicles are more expensive to insure, as are high performance vehicles.
Some companies have minimum safety requirements, but will discount your premiums if you exceed these minimums. Also consider where you keep your vehicle. If your car is parked in a high-crime area or even on the street overnight, you'll pay for that risk.Another way to reduce your premiums is to increase your safety measures.
Be sure to research different kinds of insurance and how they relate to your situation. Just because something is cheap doesn't mean it is right for you. Be sure to select the policy that meets your needs and is at a price you can afford.
About the Author:
Tom Martens is the content syndication coordinator for Carinsurancesa.co.za. South Arica's leading car insurance portal.
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