Cheap Car Insurance

Cheap car insurance, also called auto insurance, motorcar insurance, motor insurance, motorcycle insurance and bike insurance, is insurance the public can buy for their cars, trucks, and motorcycles. The primary use of car insurance in South Africa is to offer cover against losses resulting from traffic accidents and theft. The following is a brief description of car insurance, but if you already know about the topic, we suggest you click through on the quote links and get a quote from InsuranceHound (online insurance quotes in real-time), MiWay, Hollard, Dial Direct, Budget. Be sure to wait for a car insurance quote from all the companies before taking out a policy and let the representatives know that you are checking out their competitors. This will ‘motivate’ them to give you the best possible deal!

Insurance policies differ in respect to what is covered by the policy e.g. theft, fire, or accident damage. Policies also differ in respect to the extent of remuneration.

Car insurance is compulsory in many countries around the world, but not in South Africa. South Africa takes a portion of the money earned from petrol and places it into the Road Accidents Fund. This money is used to compensate third parties in accidents.

In South Africa the insurance premium is determined by the insurance companies following government regulations and frameworks. Besides regulations, premiums are calculated using statistical data calculated by actuaries. Factors that influence premiums include car characteristics (alarms, immobilisers, airbags etc.), the coverage chosen, the driver (including age, gender, history etc.) and the usage of the car (commuting or business).