10 Reasons Why You Need Car Insurance in South Africa

In today’s tough economy, insuring your vehicle may feel like another grudge purchase that you consider doing without. But, if you own a vehicle, car insurance is a necessity rather than a luxury. On the road, accidents can happen to anyone, and you should be prepared for unfortunate events.

In this blog post, we outline 10 reasons why car insurance is a ‘must-have’, not a ‘nice-to-have’.

1. Financers generally require insurance

Most car financers stipulate that in order to get a vehicle loan through them, you must get comprehensive car insurance. You’ll generally be required to keep the policy until you’ve paid off your car.

2. It’s costly to repair a car!

If you damage your car in an accident and you don’t have car insurance, you may not be able to afford to repair it. Parts, panel-beating etc. can be astronomically expensive.

3. Pays for damage to other vehicles

If you’re driving an uninsured car and get into an accident with another car, you could be liable for thousands of Rands. If you cause an accident, your car insurance will pay for repairs to the other person’s car, which also helps prevent you from getting involved in a costly lawsuit.

4. Replace a stolen car

If you own a car, you can imagine the feeling of dread upon returning to where you parked it, and it’s nowhere to be found. With the right car insurance in place, you can get paid out for a stolen vehicle and put the money towards a replacement car.

5. Cover for wild weather

You can’t always stop fire damage, hail and other acts of nature from causing damage to your vehicle, but at least having car insurance can help you pay for repairs.

6. Roadside assistance

Comprehensive car insurance often comes with added benefits such as roadside assistance that helps you in the event of a breakdown, flat tyre, flat battery or if you’ve run out of petrol.

7. It affects your future premiums

If you have been uninsured for a period of time then decide to get car insurance, you could fall into a higher risk category. Basically, what this means is that you end up paying a higher premium for your car insurance.

8. You’ve got options

Even if you can’t afford comprehensive car cover, there are more affordable options to consider. For example, you could opt for a third party, fire and theft option or a third party-only option. Remember, some cover is better than no cover at all.

9. Peace of mind

Knowing that you are covered is one less thing to worry about when you’re on the road. You’re protecting your expensive purchase and preventing yourself from getting into financial difficulties should an accident occur.

10. It helps you pay towards education!

Yes, you read that right! We’ve teamed up with King Price (the first and only insurer to offer car insurance premiums that decrease monthly) to help you save on car insurance and raise funds for education.

All you need to do is:

Step 1: Join School-Days

Step 2: Log in to the School-Days website, visit the King Price page, and fill in the form to request a commitment-free car insurance quote.

Step 3: King Price will give you a call

Step 4: Wait for us to add R100 to your School-Days account!

Not a School-Days member yet?

It’s easy to join online: https://www.schooldays.co.za/#join-today

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