March 19, 2021
Car insurance is something that we, as South African motorists, cannot do without. Driving not only depends on how well you drive but also on other drivers’ performance. Unfortunately, only about 30% of all South African motorists are covered.1
This article should only be considered for information purposes only as car insurance is not straightforward. Please obtain professional advice from a certified financial advisor if you want to purchase car insurance.
Car insurance premiums2 tend to be a grudge payment each month, especially when most of us are experiencing tough financial conditions. That is why it is essential to be covered by an insurer who offers affordable premiums while ensuring that your vehicle is always covered when you are faced with life’s unexpected challenges.
There are several car insurance companies in South Africa. It's always best to research as many car insurers' quotes as needed to get your ideal car insurance cover.
With any insurer, comprehensive car insurance might be the most costly as it covers your car extensively. Perhaps consider getting comprehensive car insurance with PMD? With PMD, the excess reduces to zero, and premiums are fixed.* T’s and C’s apply. Included in this car insurance product are the following features:
This provides accident and write-off cover of your car, including any loss from disaster, natural fire, theft, and hijacking.
Third-party liability cover is up to R1 million. The full retail value of your car is covered. Should you break down due to mechanical problems or have an accident, 24-hour roadside assistance and towing services are available. Your car is covered for hail damage that is professionally assessed. If your car’s glass is accidentally damaged or needs to be replaced, it is also covered. Car hire is an optional extra, which is especially useful if you need daily transport should your vehicle be in an accident.
Are you looking for another type of car insurance to fulfil your car insurance needs? This PMD product covers your car should it be written off, as well as giving you the benefit of an excess that reduces to zero and fixed premiums*. Your vehicle is covered for its full market value when lost through an accident, natural fire, disaster, theft, or hijacking. Third-party liability protection is up to R500 000. Depending on the amount chosen, this product provides a minimum level of accident damage cover paid upfront. Smaller accidents are covered on a growing benefit basis up to the car’s market value. There is 24-hour roadside assistance and towing service available and cover for hail damage (up to R20 000) and glass damage. T’s and C’s apply.
Maybe you are looking to get a third-party type of car insurance? You could get cover up to R500 000 for damage to a third party’s car with PMD's Third Party Plus car insurance product. The most advantageous feature about this car insurance product could be its growing cover component for your vehicle concerning smaller accidents up to 100% of the trade value. Premiums are fixed*, and hail damage is covered up to R10 000. T’s and C’s apply
Whatever you decide, take your time to find the best car insurance that suits your wallet and needs. Contact PMD for a quotation regarding any of our affordable car insurance products that come with unique benefits.