Getting car insurance nowadays is a necessity. All you have to do is look at the condition of roads in South Africa and to look at the crime statistics to give you good reasons to get insurance. While car insurance is not compulsory in this country (statistics show that of the 10 million or more cars on the roads, only about 35% are insured) more individuals are taking advantage of various insurance products on offer.
What is Temporary Car Insurance?
This type of insurance covers the use of rental cars and people who rarely drive or those who drive seasonally.
It is often used as an alternative for infrequent drivers or by those using another car for a short period of time. Let’s say you have hired a car for a short trip. Getting Temporary insurance will give you the peace of mind knowing that you are protected for the risk of damage caused by an accident. In this case, you are essentially paying for the insurance that you need.
It may also be helpful if you’ve bought a new car but you have not yet sorted out permanent insurance.
Temporary insurance typically lasts for about a month.
Most companies allow you to arrange the policy online or over the phone.
What you need to know:
- Just as you would do with other types of insurance, you should make sure that you compare premium prices.
- Make sure that the cost of the premium is affordable before you accept any offers.
Factors that may be considered by the insurance company:
- Your driving history
- Any previous claims you may have made
- What you will be using the card for (personal use or business use)
- Vehicle security (is the vehicle fitted with tracking devices)
In South Africa, most insurance companies provide optional cover for car hire and accessories, so do your research and compare as many quotes as possible.