subject: Do You Really Need Auto Insurance? [print this page] It is regrettable that many people in South Africa need to get a car of their own nearly as soon as they have their driver's licenses. The general public transport system is simply not reliable enough for just about any student or working individual to make use of on a regular basis. This means that there is definitely a market for car insurance out there. The question you might be asking is whether or not you should look at getting a car insurance policy for yourself.
If you own a car, then you certainly need to ensure that you have auto insurance. I know that it appears like waste of money to some individuals, particularly those who own old vehicles with little or no resell value, however there are specific benefits to having even the most basic car insurance.
The biggest benefit is that if you do happen to have any sort of accident and your car is written off then you've got some type of financial compensation that may help you to replace your vehicle. This is definitely something you must have. A brand new car can be expensive and you may not have the ready cash to buy a brand new car your self which may mean that you are stuck without transportation.
Another thing which basic auto insurance might do for you is enable you to pay for the damages to your vehicle and also to the other person's vehicle if the accident is deemed to be your fault. If you don't have vehicle insurance coverage then you may face huge expenses because you will need to pay for all of the repairs to your car your self. This isn't something that you wish to face.
If you get much more comprehensive cover then you're even better off. You'll be able to have much more paid for and can generally work out a smaller excess payment. You'll be covered for things such as hail damage and accidents that do not involve other vehicles. You can also get cover for hi jacking as well as car theft and that type of thing.
There are a lot of advantages to having car insurance. You have to be sure that you get the right kind of vehicle cover though. You do not want to end up paying for a lot more than you will ever use because the resell value of your car is so low that even a minor bumper bashing is going to cause the vehicle to be written off. You also do not want to end up in a situation in which you need to pay for repairs and things because you don't have the insurance to cover the cost of the actual repairs or the incident that caused the damage is not covered under your policy.
It is usually better to have even the most minimum car insurance. You will never know when you will need to make a claim. At least you will be able to replace the written off car in the worst case scenario.
by: Toby Shivley
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