What is Car Insurance?
Vehicle insurance is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.
Best Car Insurance In South Africa
Below are some of the Car Insurance.
- Momentum Car Insurance.
- MMI Car Insurance.
- MiWay Car Insurance.
- Outsurance Car Insurance.
- Santam Car Insurance.
- 1st for Women Car Insurance.
- Liberty Car Insurance.
- Metlife Car Insurance.
Is car insurance compulsory in South Africa?
Car owners are not legally required to take out car insurance unless the car was purchased with a loan from a bank or other financial institution. Some drivers rely solely on Road Accident Fund cover but claims are often processed slowly, outcomes may differ from what is expected, and cover is limited.
What is the highest type of car insurance?
Being the top level of car insurance out there, comprehensive policies typically have a higher premium compared to other policies.
How to choose car insurance in South Africa?
Be sure to shop around when looking for an insurer. Consider factors beyond what the monthly premium fee is and make sure you choose a company licensed by the Financial Service Conduct Authority (FCSA).