Who said this: ‘Life is like a box of chocolates, you never know what you’re gonna get’?
A: Willy Wonka
B: Forrest Gump
C: Forrest Gump’s mama
D: Gordon Ramsey
While C is technically the correct answer, this quote may just as well have come from us at King Price Insurance. You see, if you don’t plan properly, you may just end up with Turkish delight.
So, the best plan is to insure yourself against life’s not-so-sweet moments.
In South Africa, where accidents, theft and hi-jacking, and ‘oopsies’ are all too common, having the right car insurance can mean the difference between getting the crumbs at the bottom of the box, and getting a lifetime supply of 5-Star bars.
Let’s dive into why
Accident damage and theft: With 75% of vehicles in South Africa uninsured, meaning that 75% of drivers would likely be unable to cover the cost of accidentally damaging or writing off your car, it’s up to you to make sure you’re protected. And, with car theft statistics as scary as they are (93 cars are stolen every. single. day), having to replace a stolen car is a bigger risk than you might think. An even bigger risk would be not having car insurance, leaving you responsible for the full cost of replacing a stolen or hi-jacked car.
The ‘oops’ factor: From hailstorms, to runaway trolleys, life has a way of surprising us. And all too often, such surprises aren’t entirely sweet. However, insurance helps to make fixing this damage more pleasant than a visit to the dentist.
Third party liability: An accident involving someone else’s car, caravan, or even their physical property like their home, can lead to astronomical costs to repair the damage. Third party insurance helps ensure these costs are covered without you digging in your own pocket.
Not all car insurance policies are created equal though, so how do you pick the one that covers your risks without breaking the bank? Here’s a quick guide to the 5 car insurance options from King Price.
King Price car insurance options
Agreed value car insurance: Covers loss and damage due to theft, hi-jacking and accidents, and third party liability, with a fixed insured value for three years. Agreed value cover is the dependable choice for those who want predictability and peace of mind when it comes time to claim.
Comprehensive car insurance: Covers all the same things as ‘agreed value’, but with premiums that decrease monthly as your car loses value.
Theft and write-off car insurance: Focuses on the total loss of your car, or damage to it, but with no third party cover. A smart pick for drivers who want robust protection for their cars, but who can afford to pay for their liability for damage they cause to other people’s property.
Third party, fire and theft car insurance: This balances theft and liability protection without covering your own accident damage or the theft or hi-jacking of your own car. It’s ideal for those looking for solid cover at a reasonable price, especially if they’ve saved enough to pay for their own accident damage.
Third party car insurance: This offers bare-bones liability cover for the minimalist driver.Third party cover is your affordable way to avoid sky-high bills for damage you cause accidentally. And if this is all you can afford, remember that some cover is always better than none.
Whether you’re cruising in a brand-new car or holding onto an old faithful, 2025 is the year to make sure your car insurance fits your needs perfectly. With King Price’s Insurance’s flexible options, you’re sure to find a policy that’s just right for you, your budget, and your risks.
Click here or WhatsApp King Price on 0860 50 50 50 for a super schweet commitment-free insurance quote.
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)
