January 5, 2018
Why do South African motorists buy car insurance? What could be the risks of owning a car without car insurance cover? “Did you hear that I crashed my car last week? Unfortunately, it wasn’t insured! I don’t know how I am ever going to get another car.” You don’t want to be this person, and yet it does happen.
A large number of motoring accidents take place on South African roads every year, and while there are many local drivers who are cautious on the roads, there are tens more who aren't. Saving and spending money on a vehicle is a huge responsibility but after such a big purchase, funds are often tight, making it difficult to buy car insurance.
Pule Sithole bought his first car at the age of 28. He had taken the bus to school, university and work, but with his wife expecting a baby, Pule decided to buy a small car to make it easier to get around. After successfully paying off his student loan, he made a small deposit on a car, followed by monthly car repayments.
Pule searched for a cheap car insurance policy that would meet his needs and yet still be affordable. While on his search, he soon discovered that South Africa's major insurance companies, which offered conventional car insurance, were simply too expensive. Pule decided to put off his insurance hunt temporarily, and rather focus on providing for his wife and baby, and making the monthly car repayments.
Little did Pule know how dangerous his decision would be; after just four months on the road, Pule was in an accident with a taxi and his car was written off. He was left without a car and with no way to pay for its repairs. Pule now found himself in a truly unfortunate situation. While his car had been deemed undriveable, Pule had to continue making car repayments. He was forced to tighten his living expenses to put money away to fix the car.
Eighteen months later, Pule had managed to pay for the vital repairs of the car. And while the car still needed some minor adjustments, it was legal for use on public roads again. While the last amendments were made to his car, he made the decision to buy car insurance to avoid a similar situation occurring in the future. He braced himself for the financial hammering to which he was about to commit.
Even so, while on the hunt for car insurance, a friend had recommended that he look at Prime Meridian Direct (PMD). He decided to look at their website during one of his lunch breaks at work and was pleasantly surprised at what he saw. He had expected to see similar price plans to those of the conventional local insurance companies, but with PMD, he had several convenient options starting from R165* per month.
Pule was just one of the 70% of drivers in South Africa who does not have car insurance. Today, he has peace of mind that, should he find himself in another accident, his finances wouldn't take a hard hit. Catering to low to medium income local clients while offering quality customer service and maintaining a dedication to provide insurance with fixed premiums for life, PMD’s car insurance protects the future of the everyday South African.
Get an online quote now by simply visiting the above links or contact us by calling our professional and friendly agents on 011 745 7800 and enjoy fixed premiums for life with our innovative car insurance plans. Learn more about affordable car insurance. *T’s & C’s apply.