It is regrettable that many people in South Africa want to get an automobile of their own nearly as soon as they have their driver’s licenses. The public transport system is simply not dependable enough for any student or working individual to make use of on a regular basis. This means that there’s definitely a market for auto insurance out there. The question you might be asking is whether or not you should think about getting a car insurance policy for your self.
If you own a vehicle, then you definitely need to make sure that you have auto insurance. I know it seems like waste of cash to some people, particularly those who own old vehicles with little or no resell value, but there are specific benefits to having even the most basic car insurance.
The largest advantage is that if you do happen to have any sort of accident and your car is actually written off then you have some type of financial compensation that will help you to replace your vehicle. This is definitely something you must have. A new car can be costly and you may not have the ready cash to buy a new vehicle your self which may mean that you’re stuck with out transportation.
One more thing that basic car insurance might do for you is help you to pay for the actual damages to your car and also to the other person’s car if the accident is actually deemed to be your fault. If you don’t have vehicle insurance coverage then you could face large expenses as you will have to pay for all of the repairs to your car yourself. This is not something that you want to face.
If you get much more extensive cover then you’re even better off. You will be able to have more paid for and can generally negotiate a smaller excess repayment. You’ll be covered for things such as hail damage as well as accidents that do not involve other vehicles. You may also get cover for hi jacking as well as vehicle theft and that type of thing. For more information on car insurance quote comparison, go to http://www.payasyoudrive.co.za.
There are a lot of benefits to having auto insurance. You do have to ensure that you get the right kind of car cover though. You do not want to end up paying for a lot more than you’ll ever use since the resell value of your vehicle is so low that even a minor bumper bashing is going to cause the vehicle to be written off. You also don’t want to end up in a situation where you need to pay for repairs as well as things since you do not have the insurance coverage to cover the price of the repairs or even the incident which caused the damage is not covered under your coverage.
It is always easier to have even the most minimal car insurance policy. You will never know when you will need to make a claim. At the very least you will be able to exchange the written off vehicle in the worst case scenario.