Car insurance types in South Africa vary and it is important to know exactly what you are covering yourself for when you make those monthly repayments. The number of accidents that occur on South Africa’s roads each year, combined with the problems of crime such as breaking into cars and stealing them, means that it is essential to have some form of vehicle cover. If you don’t, you will have little recourse if something valuable is stolen out of your car and even less recourse if your whole vehicle is stolen. The different types are quite similar across different companies, but it is still worth getting quotations to ensure that you are getting the best deal possible.
So what are some car insurance types in South Africa? There are three main types of insurance and they are third party, fire and theft and fully comprehensive cover. Third party insurance is the most basic level of vehicle cover available. If you are involved in an accident it provides coverage for the other car that is involved. This means that if you have damaged another person’s car, you won’t have to worry about paying for it out of your own pocket. Your company will pay for the costs of the damages. The second most common type is a combination of third party insurance and fire and theft cover. As the name sounds, this also provides additional cover for you if your car is stolen or damaged as a result of a fire. The final and most expensive type of coverage is fully comprehensive cover. It covers you and the third party in the case of an accident and in all cases of fire and theft. It is great coverage to have if you can afford it.
To get quotations you simply can look up insurance companies on the Internet or call them. It’s not difficult to get vehicle cover and it makes your life much safer and easier. Especially with all the different car insurance types in South Africa.