Why you need Car Insurance ?

The second largest purchase that most people will in their lives is the time of their car is their biggest house. The main difference is that statistics show that although people can change their home two or three times in your life will change their car at least ten times, if not closer to twenty. For this reason, it is also in the interest of the owner of the car to understand the intricacies of car insurance and why you need car insurance in the first place.

The law requires that every car on the road in South Africa is insured, at least in the most basic formats. The basic compulsory insurance or insurance is known only covers all the other cars to repair damage or injury to persons, insurance, and the damages that have been involved in an accident, which was responsible for. If the car has been damaged in any way or form any lasting damage, we will have to cover any costs of its own pocket. This is far from ideal situation and one that most people will be willing to pay money in order to avoid.

Most people who have owned the car at one time or another you know the secrets of car insurance, but for those buying a car for the first time, especially on a limited budget, can hardly understand or appreciate why you have to take out comprehensive car insurance.

Think about the fact that you are purchasing a vehicle that is a valuable asset. If the car is involved in any form of accident, it must be repaired. If it is totally destroyed or stolen, it must be replaced. If you do not have comprehensive insurance, if such a disaster you want to have to find itself in a very simple choice. Or go and buy a new car or not. However, if you have the good sense to take out comprehensive coverage, the insurance company will provide you the financial ability to go and buy a replacement.

Insurance premiums are not extortionate, calculated on an annual basis, and should be of approximately 6% of the replacement value of your car. There are many people in South Africa who are willing to pay this kind of money on their car back, but for them is too late.

For someone like you, who buys his first car and the fact that their comprehensive car insurance policy appears to be a lot of money, it should bear these facts very mind. In addition, please note that full insurance usually covers the provision of a replacement vehicle while your car is in the body shop for repair or when you are on the search for a replacement if your car has been stolen or deemed to be "total loss" by insurance assessors.

Includes comprehensive cover against theft from your car, as well as damage to the car in case of theft. Items such as radios, CD players, GPS, mobile computers and items of clothing is especially popular for car thieves.

Not taking out comprehensive insurance for your car, its occupants and its contents is one of the worst forms of false economy. When buying your first car to take it and stick with it for all motoring life, in the sincere hope that there will never be needed.