9 Reasons South Africa needs car insurance

 

In today's economic climate, car insurance can feel like another expense that you don't need. However, car insurance should be a necessity, not a luxury, if your vehicle is owned. You should be prepared for any unfortunate event that may occur on the roads.

We will be discussing 9 reasons why car coverage is essential and not optional in this blog post.

1. Financers usually require insurance

Car financers will require you to have comprehensive insurance before you can get a loan for a vehicle. The policy will be yours to keep until you have paid off the car.

2. It is very expensive to fix a car.

You might not be able afford to repair your car after an accident. Parts, panel-beating etc. It can be very expensive.

3. Indemnity for other vehicles

Uninsured drivers could be held liable for thousands of Rands if they cause an accident with another vehicle. You can be sued if your car insurance covers the repairs of another person's vehicle if you cause an incident.

4. Replace a stolen car

Imagine the terror you feel when you return to your car and find it gone. The right car insurance can help you pay for a stolen vehicle or put the money towards a new one.

5. For wild weather, cover

While you cannot always prevent hail, fire, and other natural disasters from causing damage to your car, having auto insurance can help you cover the cost of repairs.

6. Roadside assistance

Comprehensive car insurance can often include additional benefits, such as roadside help that will assist you in an emergency, like a flat tire or flat battery, or even if you run out of petrol.

7. It will affect your future premiums

If you have been without insurance for a long time and decide to purchase car insurance, you may be considered higher risk. This means you will pay a higher premium on your car insurance.

8. You have options

You don't need to have comprehensive coverage for your car, but there are other options that you might consider. There are two options: a third-party, fire and theft option, or a third-party-only option. Some cover is better than none.

9. Peace of mind

It's one less thing you have to worry about while you're driving. You are protecting your expensive purchase, and you can avoid financial hardship should an accident happen.

So why not look into PMD car insurance.