It’s Car Insurance Day, and it’s time to celebrate. That’s right, 1 February is the party you didn’t know you needed. It’s the day when we let loose and toast to the unsung hero of modern life. You know, the thing standing between you and financial ruin after an unexpected encounter with another car… Insurance.
So, grab your party hat, pour yourself a strong cup of coffee (or something stronger, we don’t judge, unless you’re planning on driving somewhere later) and join us as we explain all the great reasons that insurance is worth all this festivity.
Why car insurance is the real MVP
The odds aren’t in your favour: Did you know that only 25% of cars on South Africa’s roads are insured? That means a whopping 75% of drivers probably can’t cover damages if they crash into your car. These odds are as disappointing as smashing the piñata and finding coal inside.
Life happens, and sometimes it happens hard: Potholes. Speed bumps. Sticks and stones. Hail. Trolleys. Without insurance, these irritations can cause damage that’ll cost a lot to fix. And, 2-minute noodles and end-of-the-month Salticrax do not a party make!
Not all pool parties are fab: Imagine swerving to avoid a squirrel and ending up in someone’s swimming pool. Without third party insurance, you’ll be paying for the wall, the pool, and probably also the squirrel’s therapy.
Celebrate wisely
All jokes aside, Car Insurance Day is a good time to run through the available options and confirm whether the cover you have is right for you. Here’s what King Price Insurance has on offer:
Agreed value car insurance: Covers you against loss and damage due to accidents, theft and hi-jacking, and also has your back when it comes to liability. It’s also pretty unique in that it keeps your car’s insured value constant for 3 years, helping to ensure that you know exactly what you’ll be paid out if you need to claim.
Comprehensive car insurance: All-inclusive protection for accidents, theft, hi-jacking, and your responsibility for accidental damage to other people’s property. And, with the king of insurance, your premium decreases monthly as your car loses value. Talk about a party trick!
Theft and write-off car insurance: Covers the total loss of your car due to theft or hi-jacking, as well as damage due to attempted theft and hi-jacking. There are no repairable accident damage or liability components though.
Third party, fire, and theft: A budget-friendly option covering your liability responsibilities and the total loss of your car due to fire, theft or hi-jacking. It’s worth bearing in mind that there’s no cover if your car is damaged in an accident.
Third Party Only: Basic cover to protect you from massive liability costs. However, you’re not covered for any costs relating to loss or damage when it comes to your car.
Don’t forget the extras
Just like every memorable party has an interesting variety of guests, insurance that’s worth partying about has an interesting variety of add-ons and extras. Here’s what King Price Insurance offers to give you massive peace of mind:
- Rental cars for when yours is unavailable following a valid claim.
- Cover for damage to your tyres, rims, as well as to fix scratches and dents.
- Credit shortfall cover to fill the gap between your car’s value at the time of it being declared a total loss, and what you still owe to the financer.
- The fab king’s cab service to get you and your car home safely when it’s just not a good idea to drive yourself.
Each of these is a separate policy and comes with an additional premium. However, not all of the car insurance options allow for this additional cover to be added. Luckily, the ‘car insurance’ section in our policy document (KPPD) explains it all very clearly. Click here to find it.
This Car Insurance Day, spend a little time finding out what you are and aren’t covered for, and what you should be covered for. Simply click here or WhatsApp King Price on 0860 50 50 50 for a commitment-free car insurance quote… And then it’s time for some dancing on the table.
Psst… This blog provides general info only, and doesn’t count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums are risk-profile-dependent, and T’s and C’s apply. Our most up-to-date KPPD (policy wording) can always be found here.
Our website T’s and C’s can be found here. King Price Insurance Company Ltd is a licensed non-life insurer and registered financial services provider. (Reg no. 2009/012496/06 | FSP no. 43862)
