October 22, 2020
Do you own a car? You may have or be considering getting car insurance in the future. To have car insurance or not was once not a choice. Third-party car insurance was compulsory in South Africa between 1942 and 1997.1 South Africa’s finance minister, Tito Mboweni, raised the idea of re-introducing mandatory third-party car insurance in his 2020 budget speech.2 Third-party car insurance cover is compulsory in some parts of the world today.1
It is great to have the freedom to choose what is best for you. Why do some consider having car insurance a good idea in South Africa in 2020?
There are many possible reasons why buying car insurance is a good idea. Perhaps you are looking for affordable car insurance? Why not consider buying affordable car insurance with PMD, which includes unique benefits such as fixed premiums* and a reduce to zero excess*. T’s and C’s apply.