Picture this. You’re cruising down the streets of Jozi, the aircon in your hair (there’s no way you’re risking the windows down), the music rhythmically setting the mood, the sun glinting off your car, and as you slow down for the stop street… BAM! A car seemingly comes out of nowhere and now you’re involved in a fender-bender.
Luckily you have car insurance from the king and all you need to do is call us so that we can sort everything out for you.
But let’s rewind to a few months back when you had to make the choice about what kind of royally amazing car insurance you were going to get. Your choice was between comprehensive car insurance, the full-monty of car insurance options, and the most economical of policies… Third party only car insurance.
The choice you made back then is going to determine what happens next. So, buckle up. We’re going to rev our engines for the thrill of the sound, and drive through the twists and turns of these 2 insurance options.
You decided to get third party car insurance
Let’s get into the facts. Third party only car insurance is the cheapest option on the market. It’s ideal for people with a car that’s on the older side of life, not worth an awful lot, and importantly… Paid off (so there’s nothing owed on it to anyone). It’s also a worthwhile option for people who believe that some cover is better than none and for the moment, they can’t afford much more than third party.
What third party car insurance isn’t good for is a car that’s financed (banks require comprehensive cover), and a car that’s worth a pretty penny, making it super expensive to fix out of your own pocket.
Essentially, if you get into an accident and you have a third party policy, you can claim for damages caused to other people’s cars and property. The bad news, however, is that you’ll have to foot the bill for repairs to your car.
You opted for comprehensive car insurance
Comprehensive car insurance is the most expensive option in South Africa, and for good reason, too. This policy is what covers the damages to other cars and property, the damages to your car, as well as a few extra risks, like theft, hi-jacking, hail damage, and few other bits and bobs.
If you buy your car with financing then it’s likely that you have no choice about the level of cover, although we should point out that you can get your comprehensive insurance policy from any insurance company in South Africa. You’re under no obligation to get the policy that the bank suggests.
The verdict?
By now you probably have an idea of what the outcome would be for either type of policy. In the case of third party only, you know that none of the damages to your own car will be covered and you’ll have to pay for the repairs.
If you opted for comprehensive, however, you’ll know that all the repairs for your car and the other guy’s car will be paid on your behalf. The only thing coming out of your pocket is the excess, and that’s a fee you pay no matter what type of policy you have, no matter which insurer you’re with.
The king has your back
In the battle of comprehensive vs. third party car insurance, the stakes are high, and the choices are as diverse as a South African potjie. While third party only cover may seem like a budget-friendly option, it’s akin to ordering a bunny chow without the bunny… You’re missing out on the full experience.
Comprehensive insurance, on the other hand, is like a gourmet meal with all the fixings. Sure, it may cost a bit more, but the peace of mind and protection it offers is worth every rand.
Whichever you choose, the king’s got your back with simple cheap car insurance that’s been expertly put together so that we can be there for you.
Click here for a commitment-free insurance quote or you can WhatsApp us on 0860 50 50 50.
May your road be smooth, your insurance comprehensive, and your humour as vibrant as our rainbow nation.
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.
