Having car insurance in South Africa is no longer considered a luxury. It’s a necessity. To many people it is already an essential component to owning and operating a car. You get the car serviced, you put petrol in to keep it going, you look after it and you pay your insurance.
Some people get insured the moment they buy their car. Why? Because if you’ve spent any time on South African roads, you know that the worst can happen at any moment. Somewhere down the N1 highway, you’re going to run into somebody whose car is held together with duct tape and cable ties, and they have no idea what they’re doing. You can compare car insurance quotes online to find the best deal.
Before we even get into the outrageous crime or road accident stats in this country, let’s take a look at one of the most obvious reasons why you need some form of insurance on your vehicle. The AA (Automobile Association) releases annual statistics showing that 65% - 70% of the 11.4 million registered cars in the country are not insured. That’s roughly 7.9 million possible ways for you to get smashed into at an intersection by somebody playing with their phone, and leaving you to foot the bill.
Your odds aren’t looking good, and sooner or later, it might be you.
<insert maniacal laughter here>
So! Car insurance can be complicated, but it doesn't need to be. In this article, we’ll attempt to put together the ultimate guide to understanding car insurance. What it is, why people tend to avoid it, how it works and why you really need it.