Car Insurance is something many of us take for granted. For the majority of us, it has been drilled into our psyche that you cannot drive a car on the road if it does not have insurance, however there are quite a large number of people out there that don’t have car insurance.
The reason for this varies from person to person. Some people are the ever optimist and think that bad things (such as accidents and theft) can’t happen to them. While we all need some optimism is our lives, we also need to be realists.
Sadly many South Africans feel they can’t afford car insurance. When our finances start looking bleek we often look at the premium and think, “Do we REALLY need it?” and the answer is YES! It may seem like a saving of a few hundred rand a month but if something were to happen where you are in an accident you will really wish you had it.
Many drivers out there are simply not aware of how much repairs can cost. Granted the cost varies from car model to car model. Fixing a mere scratch on a VW Polo’s bumper can start from R2,500 that’s without anything having to be replaced (such as lights and/or a bonnet, door, mirror, windscreen etc). Then if your car is a write-off and you are still paying off the car finance, you will not be able to get additional car financing.
Having car insurance will not only save you from debt in the event of an accident or theft but in a third-party situation your insurance company will come to your defence, if you are not to blame. For instance, a young woman was in a bumper bashing that was not at all her fault. The other driver did not have car insurance and claimed to not have any form of identification on hand. She managed to get all his contact information, eventually, and contacted her insurance. They sent her car in for the repairs and then duked it out with the other party for the payment of repairs. This saved her countless hours of fighting and potentially even legal fees.
Feel free to contact Carfin for all car insurance advise. One of our expert consultants will be able to give you more information regarding car insurance and even suggest options and companies in order for you to get the best deal.