Most countries require you to have car insurance by law, but in South Africa, this is not the case, but it can be a costly mistake. Accidents can happen at any time and even if the accident isn’t your fault, you could still be paying out a lot.
Here are the top 5 reasons why people don’t get car insurance and the top 5 reasons as to why you should.
Top 5 Reasons Why People Don’t Get Car Insurance
Believing It’s Not Affordable
There are many people that think adequate car insurance or even third party insurance is not affordable, so they don’t even look for quotes. If you think that you can’t afford car insurance, keep in mind that it is a competitive industry, so you should compare car insurance quotes, even if it is just for a basic policy. You might be able to find a deal that suits your budget.
If you don’t drive often then you may feel that car insurance is a waste, because you only pop to the shop every now and then. But accidents can occur at any time and the majority of accidents happen close to home. It doesn’t matter how often you drive, you need to have car insurance.
It Won’t Happen To Me
Many people believe and think that something is less likely to happen to them than others, which includes being involved in an accident. This then results in many people ignoring insurance completely, but even though we make think this, it is not necessarily true. Accidents can occur at any time and it might not even be your fault, but you may incur damage that will need to be paid for.
Do You Know The Real Cost Of Repairs?
People are not actually aware of how much car repairs can cost and whilst some cars are more expensive to repair than others, it can still be super expensive if you do not have car insurance.
What is even worse is that your car could be written off and it is actually easy to do this. If the cost of repairs is more than 70% of the value of the car then it is written off. If this is the case and you do not have insurance then you could be left without a car.
It’s Just A Machine
There are cases where people just view a car as a way to get from A to B and that’s it, which means that as long as the car works, a few scratches and bumps are nothing that they should concern themselves with.
These type of car owners feel that paying for car insurance isn’t worth it as they don’t actually plan on repairing the damage. However, these owners don’t take third party cover into account. If you are responsible for an accident and don’t have third party insurance, then it can be a costly mistake.
So that is why people don’t get car insurance and as you can see it is actually a mistake to not have it.
Wait… now let’s take a look at the top 5 reasons as to why you need car insurance.
Top 5 Reasons Why You Should Have Car Insurance
You Don’t Need To Fork Out For Damages
If you are involved in an accident and you are at fault, then you will not only need to pay for the repairs to your car, but also that of the other persons. This can be a lot of money, but when you have car insurance, this financial burden is eased, especially with third party cover. If your car is written off, then depending on the cover you have, you might receive a pay out that can help you to get a new car.
What If Your Car Is Stolen?
You could be a victim of theft and find that your car has been stolen and this can occur anywhere. With car insurance, if you have a policy with a theft option then you are able to claim for the theft of your car and receive a pay out so that you can replace your stolen car.
Protecting Your Car
Life is unpredictable and car insurance is there to protect your car from events like fire or hail that will cause damage. If this happens then your insurance policy will help to pay for the repairs.
Getting Help On The Road
Car insurance is a highly competitive industry, which means that you will receive a number of extra benefits from the insurance company. One benefit that is offered as a standard by most insurance companies is roadside assistance. So, if you have a flat tyre, have run out of petrol or breakdown, you are able to contact the roadside assistance and get the help you need.
Incentives To Take Advantage Of
Another benefit that you could possibly enjoy is cash back on your premiums if you go a certain time without any claims or you could be rewarded for good driving with premium discounts.
It may appear that car insurance is expensive, but the alternative is even more expensive as you will need to pay for damages out of your own pocket. If you are looking for car insurance then it is a good idea to compare quotes from various car insurance companies.
This is simple to do as there are many sites that will collect quotes for you based on your needs. You are then able to compare premiums and the cover offered easily. At the very least, you should have the basics covered.