There is no understating the importance of having your vehicle insured. In the unfortunate event(s) of being involved in hijacking, theft, or an accident, you are atleast protected against those risks.
In South Africa, if your vehicle is under finance with the bank, you are legally required to have comprehensive car insurance taken out before it leaves the dealership floor.
That said, it is extremely risky to drive around with a vehicle that is not insured because bad things happen in the blink of an eye and at any moment.
Gumtree lists a couple of ways in which to get your insurance premium reduced and save a bit extra every month:
Review your cover
Your vehicle is a depreciating asset (unless it's vintage or a collector's item), and its value should be adjusted automatically every year, though this isn't very common. It is essential to check that you are still properly insured and also find out from your provider about a lower premium.
'Good behaviour' discounts
It is possible that having a completed advanced driving course or tracker fitted can potentially lower your monthly premium. Santam's SmartPark, for example, rewards you with up to 20% off your premiums for driving less.
Insure all your assets with one company
There are many insurance providers with different types of deals to entice the customer, but having your items insured by multiple providers isn't a good idea. Having all assets under the same umbrella makes everything easier to keep track of and is a great way to get a good bundled deal.
Now that you've got the knowledge, it's time to shop! Head to gumtree.co.za or your Gumtree app (click for Apple & Android), and don't forget to use your location settings to find local service information close to home.
In South Africa, if your vehicle is under finance with the bank, you are legally required to have comprehensive car insurance taken out before it leaves the dealership floor.
That said, it is extremely risky to drive around with a vehicle that is not insured because bad things happen in the blink of an eye and at any moment.
Gumtree lists a couple of ways in which to get your insurance premium reduced and save a bit extra every month:
Review your cover
Your vehicle is a depreciating asset (unless it's vintage or a collector's item), and its value should be adjusted automatically every year, though this isn't very common. It is essential to check that you are still properly insured and also find out from your provider about a lower premium.
'Good behaviour' discounts
It is possible that having a completed advanced driving course or tracker fitted can potentially lower your monthly premium. Santam's SmartPark, for example, rewards you with up to 20% off your premiums for driving less.
Insure all your assets with one company
There are many insurance providers with different types of deals to entice the customer, but having your items insured by multiple providers isn't a good idea. Having all assets under the same umbrella makes everything easier to keep track of and is a great way to get a good bundled deal.
Now that you've got the knowledge, it's time to shop! Head to gumtree.co.za or your Gumtree app (click for Apple & Android), and don't forget to use your location settings to find local service information close to home.
