There are numerous cost effective auto ins companies available to people that will offer you the best deal around. The primary function of these companies is to cover certain costs of loss due to fire, theft or accident to the vehicle. Below are details of what insurance options are offered by different companies.
Cost effective vehicle insurance covers all vehicles including cars, motor bikes, and trucks. Car insurance in South Africa is mainly responsible for covering losses due to accidents on the road and due to loss, as a result of the vehicle being stolen. There are a number of online insurance companies that you can obtain a quote from. We suggest that you get all quotes in first before deciding to buy. It is also a good idea to let the insurance companies know that you are shopping for the best quote. This will help them to give you the best quote possible.
This type of cost effective insurance can cover:
The insurance motor car or motor bike.
The insured owner or driver.
There are a number of differences pertaining to damage caused by accident, fire or theft. Various policies will also pay out varying amounts for losses incurred.
In South Africa it is not mandatory to have car insurance, In most other countries it is mandatory to have insurance on your car. South Africa has aa fund called the Road Accident Fund, money is derived from petrol sales and this money is used to compensate third parties for any losses or damage.
Insurance companies in South Africa establish insurance premiums, this after consulting with government and abiding by their recommendations. Actuaries have a large say in the calculation of premiums. They do this by analyzing various statistical data. Other information necessary in pricing insurance premiums includes but is not limited to whether the car has an alarm, an immobilizer airbags and so on. The sex of the driver is also important as is the reason for driving the vehicle. Is it going to be used for day to day travel or is it for business use exclusively?
Woman drive less than men do and therefore encounter fewer accidents than men do.
People over age 35 will pay less than people younger than 25.
There is very high theft and hijacking incidence in South Africa and for this reason most insurance companies will not grant cover unless the car has an accepted alarm system and or an accepted anti hijacking system installed in the vehicle. In a very small case car color can also be assessed when determining insurance premiums.