Car insurance… do I really need it?

Most drivers have to contemplate the idea of taking out car insurance on their newly bought car. Thinking twice about whether you truly need car insurance is normal especially when you’re trying to save a few bucks.

Buying a car can be an exciting process – whether it’s your first, second or third – there is always something to look forward to. The last thing one wants is to have that excitement shattered by the loss of or damage to your new wheels. This is where car insurance comes in; after spending thousands of rands on the purchase of a car, having the security that comes with being covered, should disaster strike, will give you peace of mind.

Not only is it a requirement to have insurance cover for your car before driving it home, having car insurance will also put your mind at ease and possibly minimise the devastation should you find yourself in an unfortunate incident with your car.

Here are some advantages to insuring your car:

  • Recovery Assistance – in the event of an accident, theft or damage, having the right cover for your car could save you time and money. The recovery from loss or damage of your car will be guided by your insurer and the type of insurance cover you have. Being a victim of an accident or theft can be devastating enough without having to deal with the financial implication of repairs, recovery and medical bills; not forgetting other damage caused by things like fire, animals, vandalism, etc. Your insurance cover plays an important role in helping you get back to the position you were in before the loss or damage.
  • Peace of mind – for many, it is a grudge purchase, however it is a necessary one. Having car insurance gives you peace of mind that you are covered when you need it most. In the unfortunate incident of an accident or theft, there is someone you can turn to for assistance to get yourself back to the position you were in before the devastation and inconvenience. You can breathe a little easier knowing that you don’t have to deal with the loss and recovery on your own.
  • Third-party cover – In some unfortunate incidents, a car accident will involve other parties and place you in a position where you are liable for the damage of more than just your vehicle. In such instances, if you are adequately insured, you don’t have to stress about the financial burden of fixing up a third party’s car as your insurance may assist with this.
  • Cover when Mother Nature strikes – natural disasters can strike at any time, often without warning. When these unexpected acts of nature hit, they can leave your vehicle seriously damaged and cause an inconvenience to you. Having car insurance will ensure that you are covered for the repairs of your car should natural disasters leave you in a vulnerable position.

Your car is possibly the second most expensive asset you own, after your property, so, having car insurance should not come as an after-thought. Protecting your valuables is essential! Get an online insurance quote today and save yourself from frustrations in the future, should disaster strike.

Ensure you also download the MiWay App so that you are able to conveniently speak to an agent through our chat option if you have a query.

 

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