March 25, 2020
Unfortunately, car accidents can happen at any time and as we know it can cost a lot of money to repair your car let alone if another motorist is involved and you caused the accident.
Please seek financial advice from a qualified financial adviser before you buy car insurance. Please do not consider this article as financial advice.
The vast majority of South Africans are driving around on our roads without having car insurance because many motorists think that the inevitable will never happen to them.
As an insured motorist, if you were to get into an accident with someone that is not insured, it can cost you a lot more as the other motorist might not be able to financially cover the cost of your car’s damage. South African motorists should look at having some form of insurance even if it’s Third-Party claim insurance, where it can at least cover the cost of another vehicle that might be involved in an accident.
The sad reality is that between 67 – 70% of South African motorists don’t have any form of car insurance. That is 7.8 million – 8.4 million road users are without car insurance. That means that 6 or 7 out of 10 motorists don’t have insurance. It is shocking to believe that only between 30 – 35% of motorists have insurance and unfortunately run a high risk of getting into an accident with another motorist without insurance.
With many cars not being insured also pushes up the number of vehicles that are not roadworthy, as they do not get checked because they are not insured. Usually, unroadworthy cars will not be legally registered to use the roads. More cars that are not roadworthy due to the neglect of taking care of them mechanically-speaking have a higher chance of causing an accident due to some form of mechanical failure.
One of the main potential benefits of having car insurance is that if you were to get into an accident, you would not likely be left with any potential costly surprises. It will also be beneficial to know what your insurance policy covers. That’s why it is always helpful to have comprehensive car insurance, as it includes a broader spectrum when it comes to car insurance. Let’s have a look at what could be covered by your insurance:
With all the knowledge we have now, it is obvious that having some form of car insurance is the smartest move. Not only to protect yourself but other motorists too.
Perhaps you have car insurance, or you are considering getting car insurance now? Why not consider getting affordable car insurance with PMD?