Car or Motor Vehicle Insurance in South Africa

If you don't have Car or Motor Vehicle Insurance and your car gets stolen, or you are involved in an accident where you are at fault, then you will be responsible for ALL costs involved - just imagine the financial risk involved!

Car or Motor Vehicle Insurance
Check the Benefits on your Car Insurance - Are
Passenger Liability and Emergency Assistance included in your cover?

Car or Motor Vehicle Insurance:

It is in your own best interest to purchase Car or Motor Vehicle Insurance as protection for your valuable and expensive asset. Accidents or motor vehicles being stolen, are not events that can be foreseen and commonly occur when you least expect it - therefore rather enjoy peace of mind, by getting car insurance that will cover you in these situations.

Most Insurance companies cover your car or motor vehicle against Accidents, Fire, Theft and other insured events, as well as claims from Third parties.

Some Insurers also offer customisation of your policy with optional add-ons such as Car hire, Scratch & Dent cover, Tyre Cover, Off-road bundle, even Classic car (or Vintage vehicle) cover and cover for any accessories you’ve added to your car, such as your shiny mag wheels, as an example.

Certain rating factors in consideration, are the following: The car or motor vehicle's value, colour of the car, part prices, tracking devices or other security devices installed, previous claims history, the driver's age, sex, area, the overnight security (eg is your car locked up safely in a motor garage or within a security village), licence type and duration relative to age of regular driver, private or business use and more. Certain insurers also have different No-Claim Rewards (NCR) on offer.

DIB Solutions (Pty) Ltd have partnered with reputable underwriters and insurance companies in order to assist our clients with appropriate Insurance cover – we can therefore also assist clients with tailor-made products (where applicable) at competitive premiums. We understand the financial risk involved, can explain excess structures of various product options and can help you to find the best deal on your car insurance.

Car or Motor Vehicle Insurance cover, may include the following options:

  • Comprehensive Car Insurance: This inusrance provides cover for just about any form of financial loss related to your vehicle. This is the most extensive form of Car Insurance and provides cover for damage caused to other parties and their property in the event that you are responsible for an accident. Comprehensive Car Insurance also covers you for damage to your vehicle caused by accidents, fire and natural disasters, and provides cover for theft and hijacking.
  • Third Party Fire and Theft Car Insurance: This insurance provides cover for damage caused to other parties and their property in the event that you are responsible for an accident. Third Party Fire and Theft Car Insurance also covers the cost if your car is stolen or damaged in the event of a hijacking, theft or fire;
  • Third Party Only Car Insurance: This insurance offers a basic and more affordable form of cover for your car by covering the damages that you have caused to other parties and their property in the event that you are responsible for an accident. Third Party Only Car Insurance does not provide cover if your vehicle is damaged or stolen;
  • Car Insurance for the Under 25s: If you are younger than 25 years of age and you’re looking to purchase Car Insurance, you will soon find out that your age plays a big role in how companies assess your risk, and ultimately your premium;
  • Total loss cover only;
  • Choosing your own insured sum and benefits.

More Car or Motor Vehicle Insurance Considerations:

  • Broker Assistance:  You should notify your Broker of ANY aspect that has changed and/or that may influence your premium or cover. For example – If the area, your vehicles usage (private or business), or the overnight security/storage facility changes, or in cases where the regular driver changes to a younger family member;
  • Car or Motor Vehicle Insurance Benefits:  You should make sure whether certain benefits are included in your policy, such as: Car hire, Emergency assistance, Towing and Towing Trucks in cases of accidents and/or breakdowns, etc – also, if these type of benefits are included in your insurance product benefits or not;
  • Excess Structures & Related Payments:  There are various car insurance products available, which also differ vastly in terms of the excesses payable by customers in the event of a loss. Make sure you carefully view the entire excess structure of each product option, as this can impact you at a later stage. Some products even offer lower monthly premiums upon selecting higher excesses - will this be suitable to you or not?;
  • Liability Cover:  Check if your car insurance cover includes liability options, such as: Passenger liability and/or General liability - especially useful when involved in accidents;
  • Payment Date:  Check your monthly deduction date options, to ensure whether it suits your circumstances the besst;
  • Pre-Policy Conditions:  Your should make sure you fully understand what is required of you before your car insurance cover can commence. For instance, is it required of you to fit a security device and/or take the car for an inspection? By not meeting these set of requirements, you may not have the cover you anticipated that you may have;
  • Review Options:  Make sure you review the options of insuring your car or motor vehicle for retail market value – whatever works best for your circumstances;
  • Schedule of Cover:  Your schedule of cover should reflect truthful circumstances, as well as be correct in all respects.
  • Territorial Limists:  You should ensure that your car insurance product covers you in neighbouring countries you want to visit, before your planned trip.
  • Vehicle Finance:  If you do not have cover for your vehicle and where it is still subject to motor vehicle finance, you will be in breach of that contract;

Please contact us today for fast, friendly, professional advice and service!

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