We live today in an increasingly demanding world in which we are constantly trying to optimise our pleasure time and reduce our work and “home administration” time. Traditionally, car insurance was sold almost exclusively through car insurance intermediaries (middlemen). It usually took considerable amounts of time to climb into the car and then drive to the company premises concerned to apply for, obtain, pay for or alter your car insurance portfolio. Alternatively, you had to arrange and set aside time to see an intermediary in your home or office during times when you would rather have been working, resting or spending time with your family. So what is the alternative solution to getting car insurance?
The market has changed considerably. The modern trend is for people to obtain comparative quotes of car insurance online or telephonically at times that suit them (even in the small hours of the morning) and to make adjustments to their car insurance cover. This is done by direct instruction to their insurer whenever it suits them, rather than waiting for an intermediary to visit or suggest that updates or upgrades may be necessary.
By moving onto the Internet, organisations like Prime Meridian Direct effectively offer a 24/7 service, thus enabling you to call for assistance, read about or listen to a unique pre-recorded yet simple explanation of each of the policies available at exactly the time that suits you best.
In addition, being a ‘remote’ car insurance service, it does not demand many of those things that traditionally have been requested by motor insurers. For example, Prime Meridian Direct does not require a vehicle pre-inspection before cover becomes effective. All you need to do is send the 6 required pictures of the vehicle taken with a cell phone. Furthermore, they will accept drivers’ licences that are only one year old and either a Code B, or a Code C1. No questions are asked about your claims history, residential area, over-night garaging facilities or gender. Premiums are also guaranteed never to increase, and there are absolutely no excesses to pay when you claim.
By allowing car insurance to be bought telephonically and online, such companies can frequently bring you under cover faster, more conveniently and at a much more competitive rate than through the considerably more expensive traditional distribution channels. Prime Meridian Direct believes in passing these savings on to its clients in the form of lower premiums, greater benefits and better service. How can this be done?
In short, Prime Meridian Direct (and similar companies) can, in this way, do almost twice as much business with half the traditional overheads.
To cover their costs, many traditional insurance intermediaries make extra revenue from administration charges once you have purchased the policy for changing vehicles and adding drivers. They also charge a monthly administration or advice fee. At Prime Meridian Direct, for example, if you make your adjustment telephonically or online yourself, they do not charge any additional administration charges on top of your premiums. There are also no additional monthly administration or advice fees.
Apart from all the convenience and savings one experiences with these kinds of insurance services, one is much better protected than when dealing through traditional channels. For example, you can complete the entire transaction from the comfort and safety of your own home. Then by law, every word that is said telephonically is recorded, thereby guaranteeing that what you asked for is what you get. Not only that, but if the policy terms and conditions are not properly explained, you are further protected should it become necessary to complain later.
This is not the case with traditional distribution methods, where it is seldom possible to prove what was said, by whom, how and when.
With Prime Meridian Direct you also have a 44-day “free-look” period to examine and ask questions about your new policy. If not completely satisfied, you can cancel and obtain a full refund of any premiums paid to date, with no questions asked.
Car insurance policies are distributed by Prime Meridian Direct (Pty) Ltd, an authorised Financial Services Provider. FSP 41040. Policy benefits are underwritten by Santam Structured Insurance Limited. FSP 1027.
For more information on car insurance, please visit the above link and get an online quote today. Alternatively, you can contact our professional and friendly agents and get a quote telephonically by calling 011 745 7800.