No One Enjoys Paying Their Insurance Premiums
I do believe it’s safe to make a basic statement: No one likes paying insurance! After all, why should we pay someone else for in case we are involved in an accident? Nine out of 10 times the collision isn’t even our wrong doing! And why should we pay another person to replace our valuable belongings if a crook decides to steal it? We are basically paying for a service to protect ourselves against the wrongdoing of others – it just doesn’t sound right, does it?
The simple fact of the matter is that incidents could happen and we have to be ready for the unexpected! It’s not necessary to pay an arm and a leg on your month-to-month vehicle insurance premiums each month. To acquire a cheap car insurance quote, take note of the following:
There is an insurance coverage concept which is still fairly new in South Africa, named “pay as you drive” insurance. Not all individuals travel considerable kilometers monthly and insurance agencies decided to compensate individuals who put reduced mileage on their motor vehicles with this insurance policy option. It fundamentally works as follows: Your policy premium will consist of two parts. The first is a set rate that you will have to pay each month and is based on the standard variables such as your actual age, the type of vehicle you drive, your claim history etc. The second part is a variable amount and is based on the number of kilometers you drive monthly. If you travel less than a certain number, you will simply pay your fixed fee every month. If you drive more than the pre-agreed number of kilometers for a specific month, you will pay a specific amount for every kilometer. If you sign up to a pay as you drive policy your vehicle will usually be fitted with a tracking device so that the insurance provider can keep track of your month-to-month mileage. If you’re looking for a cheap car insurance quote, don’t neglect to enquire about a pay as you drive option¦ but only if you don’t travel much monthly!
Another way to obtain a cheap car insurance quote is by selecting to pay a higher voluntary excess amount when you claim. An excess amount is seen as the difference between what the insurance provider is willing to pay in the event of a claim and the actual cost associated with the repair or replacement of the vehicle. If you agree to pay a higher voluntary excess this will mean that the insurance provider will have to pay a smaller amount and you will be rewarded with lower premiums. Make absolutely certain that your excess amount is not more than your actual claim amount – in that case it would make much more sense to pay for smaller repairs out of your own wallet and maintaining a no-claim record clean at the same time.
A cheap car insurance quote is not as scarce as chicken teeth – do a bit of research and compare numerous quotes before you decide on a package that’s ideal for your individual needs.