There are millions of cars that are not insured because some motorists believe insurance is a luxury. Let’s chat about why car cover is vital.
At least 65% of the cars on the roads are not insured, says the Automobile Association of South Africa (AA). This is unsurprising because when we make budget cuts, car insurance is among the first items that get the big chop. Here is why we always need to keep our cars insured:
1. Your vehicle will be looked after: As soon as your car leaves the garage, it is exposed to many dangerous elements: theft, hijacking, hail or accidents. Life happens, and when it does, wouldn’t you rather be insured then having to fork out money you don’t have to fix the problem?
2. Someone else sorts out your problems: Insurance companies are mandated to help you whenever you make a claim. This means you won’t spend time calling third parties, because the premiums you pay every month ensure that you have assistance on standby.
3. Limits the need for emergency loans: “What would happen if you are involved in a crash with one of these (uninsured) vehicles and your car suffers substantial damages? Who’s going to foot the bill if you aren’t covered? This is a double blow because you may end up having to pay the installments on a vehicle you no longer use,” says the AA. It’s better to contribute a monthly fee towards vehicle insurance than to apply for emergency loans to fix your car when it is damaged.