Tag: vehicle insurance

The Debate Of Compulsory Motor Insurance

There are many drivers on the road who drive un-roadworthy vehicles. The worst part is not that they are putting themselves in danger, but other innocent road users too. Over and above vehicles that are being driven whilst not in a roadworthy state, there are also people who drive on our roads without motor insurance.

In some countries, vehicle insurance is required by law, but unfortunately, not in South Africa. It is a debate amongst many people about whether or not vehicle insurance should be absolutely mandatory. Naturally, there are people on both sides of the fence. Firstly, you will get all the insured people who believe that everyone else should be insured too. Their reasoning is that why should their insurance have to pay out for damages on their vehicle if the accident was caused by someone else? It is costing insured people thousands when they have to fork out for repairs on other people’s vehicles! Then you get the people who do not have car insurance policy. Some of them just cannot afford it, whilst others feel that it is an unnecessary monthly expense for something that could never happen.

Irrespective of which side of the fence you are on, it has to be taken into consideration that car insurance is mandatory in other countries for a reason. It is quite frankly very dangerous to drive without it! Imagine you are in a collision without motor insurance, and the accident was your fault. Do you have the spare money available to pay for the repairs to your motor vehicle AND the damages you caused to another vehicle. If you caused a bad accident, you may even be sued by the other party. This means that you will have to come up with a lot of extra money. It is better to protect your financial future by investing in a good car insurance policy. Even if you cannot afford to pay for a full comprehensive policy, you may be able to afford a good third party policy. A third party policy will pay out for any damages you cause to another vehicle if you are in a collision. Usage based insurance is also a great, cost effective way of insuring your vehicle.

If you think about it logically, it really should be illegal for people to drive without a good motor insurance policy in place. If road users are not responsible enough to protect their financial future and the money they spent on the car, then they should not be on the road. There is a valid reason why motor insurance is compulsory in some countries, and also why most vehicle financing companies will not allow you to purchase a vehicle without insuring it first.

You can easily find good, reliable and affordable vehicle insurance companies on the internet. If you put a good security system on your vehicle, then your premium will be even lower! Furthermore, shopping around for some insurance quotes will help you to find the lower premium available to you.

Effective Ways Of Decreasing Your Pay As You Drive Premium

Nobody wants to pay an arm and a leg in motor insurance premiums every month, and that is why a lot of people choose to go with pay as you drive car insurance. Pay as you drive motor insurance seems to be a fairer way of insuring yourself, as you will only have to pay for the kilometres that you drive every month. Your pay as you drive cent per kilometre rate is based on your risk profile. You will be charged a small set fee every month which is to protect your vehicle against theft or attempted theft and fire damage. It is the risk profile that you need to try and lower so that you can pay a cheaper monthly premium.

Your risk profile is based on a range of factors, which include your age, gender, location, the vehicle you drive and the security on your vehicle. Naturally, you cannot change your gender, and if you are a male you will automatically pay more for your car insurance premium than if you are a female. This is because females are seen as lower risk drivers. Should you be a male, or even a female who wants a lower premium, there are ways of lowering your risk profile. Naturally, you cannot change your age, but you can ensure that you have a clean driving record to ensure that you obtain a lower premium. If you are young, see if taking an advanced driving course will help you be deemed as a lower risk to your insurer.

You naturally would not change where you live just because of your car insurance premium, so it is advisable to up the security on your motor vehicle so that you can in turn lower your premium. The first thing you can do, if possible, is to ensure that your vehicle can be kept locked up overnight. On top of this, you must install a good security system on your vehicle. There are many security measures you can now put in your vehicle, such as an alarm, immobiliser and gear lock. Luckily, when you sign up for a pay as you drive insurance policy they will install a tracking device in your vehicle to monitor how far you are travelling each month. This tracking device also lowers your monthly premium as it is lowering your theft risk in that if your vehicle is stolen they will be able to trace it.

You can easily find a good pay as you drive insurance company online. You need to obtain a few car insurance quotes before you make your decision so that you can be sure you are getting the best deal. A pay as you drive insurance policy is a good move because you will be paying fairly towards how far you are driving. A good pay as you drive company will give you a certain amount of kilometres free each month before you even have to start paying for your mileage.

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