Car Insurance Guide

If you have a car, then having reliable car insurance will give you the peace of mind of knowing your asset is protected. There are various types of car insurance options available depending on your needs, lifestyle and budget. These include:

• Comprehensive Car Insurance: This covers you for theft, hijacking, injury to others or their property and any other damages to your car.
• Third Party, Fire and Theft Car Insurance: This covers you if there is damage to another party or in the case of fire and theft.
• Third Party Only Car Insurance: This covers you where the other party needs to claim medical aid or legal costs from you in the event of an accident.

When choosing car insurance, there are a few things that you need remember:

1. Shop Around

Compare all the available car insurance options against each other. Don’t take car insurnace cover that is unnecessary, in other words that may be nice to have but isn’t essential. Even when you have found car insurance that suits your budget and your lifestyle, always be on the lookout for better cover from other car insurers.

2. Consider your car insurance premium

Be aware that your car insurance premium will be determined by a variety of factors:

• The value of your vehicle - The more expensive your car is, the more expensive your car insurance premiums will be.
• Your age – The older you are, the more responsible your car insurance company believes you to be and the lower your premium is likely to be.
• Security – Any security features that you may have in your car, like an immobiliser, a gear lock or an alarm will bring down your insurance premium. In addition, things like where you park your car overnight - whether outside on the street or in a locked garage in a fenced property - will influence your car insurance premium.
• Your driving experience – the longer you have had your driver’s license for, the more of an experienced driver you are considered to be, which will lower your car insurance premium.

3. Be honest

Non-disclosure is one of the leading reasons that car insurers may refuse to pay you out after you have laid a claim. Make sure that you answer honestly all the profile questions your car insurance company asks you. This will ensure that when you claim you will have access to enough money to cover your costs. Do not be tempted to answer questions inaccurately just so you can pay a lower premium. Instead, ensure that you get reliable car insurance cover at a reasonable price.

ThinkMoney.co.za compares more car insurance quotes than any other South African website or broker. Applying for a car insurance quote online with ThinkMoney is free, simple, hassle free and will save you up to 30% on your current premiums. Want to know more? Read our car insurance reviews written by ThinkMoney customers, or apply for a car insurance quote now.