What type of insurance can you get in South Africa?
Comprehensive Cover:
This is the most expensive type of cover. You are able to get cover for theft, hijacking, accidents, fire and natural disasters, like hail and floods. It also covers you against claims by third parties where you are responsible for damage to their vehicle.
Third Party, Fire and Theft Insurance:
This type of cover does not provide cover for accidental damage to your vehicle. You get cover for theft, hijacking or fire.
Third Party:
This is the cheapest form of insurance. It provides cover for any damage you may cause to someone else’s vehicle.
A practical way to assess the real value you are getting in return for your monthly premium is to think about what your priority is:
- To pay a lower premium now
- To ensure a bigger pay-out in the event of a claim
- To reduce the inconvenience of dealing with an unfortunate situation once it’s happened
You need to find an insurance provider that will help you get the best insurance policy for your needs.
There are various types of insurance that you can get:
- Car insurance
- Home Insurance
- Business Insurance
- Life Insurance
How can you save money if you’re looking for cheap car insurance?
You need to consider facts such as:
Your choice of car
The car value, type and engine size are important factors. By simply switching to a smaller car you are able to get the cheapest insurance.
Adding an additional driver
By adding an experienced driver to your policy, you may pay less
Checking your mileage– by driving less often you may be able to get the cheapest car insurance
Fitting a security device
The type of cover you have
The excess you pay
