What is Car Insurance?
Car insurance is a type of insurance that provides financial protection for criminal incidents or damage caused to your car, truck, motorcycle, or other road vehicle. Car repairs can cost thousands, so it is important to have the best car insurance so that if any issues arise, you know that you will have sufficient funds to pay for it. Likewise, if your car was to ever get stolen, car insurance will help you deal with the expense, so you can get back on the road sooner.
What does Car Insurance cover?
What your car insurance covers depends on the plan you choose. In South Africa, there are three main types of affordable car insurance.
Comprehensive car insurance covers everything from fire damage, to theft and road accidents. It also includes third party cover just in case you cause an accident and are liable for another person’s costs.
Third party, fire and theft.
This type of car insurance is similar to comprehensive cover, but does not include accidental damage to your car
Third party only.
Third party only is a cheap car insurance that just covers damages you have caused to someone else's car.
Why is Car Insurance necessary?
Unfortunately South Africa is a country where car hijackings and vehicle theft is commonplace. Just this year SAPS reported that 50 cars on average are stolen every day. While car insurance can’t prevent this, it does provide the peace of mind that if anything happens to your car, you will have the funds at hand to recover your car, make the necessary repairs, or even buy new without being ruined financially.
As well, some affordable car insurance plans will provide benefits like cash back bonuses and GPS systems to reduce the cost of car tracking recovery. With comprehensive cover you can often cover more than one car, which reduces the overall cost of car insurance.
Get a comparative quote on car insurance now to discover the best car insurance for you.