Tag - car insurance

Paying for someone else’s mistake

If someone jumps a stop street and crashes into you, you could find yourself liable for damages. When Chantal’s car was written off by a driver who jumped a stop street she was confident that the driver’s insurance would cover the full damages to her vehicle as her own insurance was only for third party, fire and theft. To her shock, not only was...

Buying a car in December

By Nicholas Nkosi, Head of Vehicle and Asset Finance – Personal Markets, at Standard Bank It is natural to think about the joys of starting the New Year in your dream car when your bank account is filled with an end-of-year bonus. However, is it advisable to buy a brand new or pre-owned car during the festive season? The answer is yes – as long as...

Car insurance – mind the gap

There are two major purchases you will make in your lifetime for which entering into debt can be justified: one is the purchase of property and the other is the purchase of a car. If you buy a car through bank finance, you will find that taking out comprehensive car insurance is compulsory. What many consumers fail to take up, however, is the...

Uninsured drivers beware

Insurers are becoming more enthusiastic about suing uninsured drivers to recover costs. If you are uninsured and crash into another vehicle causing damage amounting to thousands of rands, you are liable for those repairs. Even if the other driver was insured, his insurance company will go after the guilty party and if you are not insured, they...

What carpooling means for your insurance

With the price of petrol having reached record levels recently, carpooling is something you could consider as a means to cut your travel costs. However, if you do decide to carpool, you need to inform your insurer or broker immediately and find out what the implications are for your car insurance policy and premiums. Types of carpool arrangements:...

A flexible car insurance solution

There’s a new car insurance product available which could offer a good solution for those who think they can’t afford to insure their vehicles. Soaring petrol and maintenance costs may drive you to reconsider taking out comprehensive car insurance but short-term insurer MiWay has introduced an innovative product that can provide you with...

Cutting expenses: tips to help you make every cent count

Tips to help you make every cent count

When it comes to cutting expenses, there are small changes you can make in your spending behaviour that can add up to big savings. With at least 72 per cent of South Africans cutting down expenses in their budget, you too may be wondering how best to shave off some costs so that you can keep up with inflation. Watch the electricity meter Save R480...

Insuring a young driver

There are ways to cut your insurance premiums as a young driver. Taking out motor insurance as a young driver can be very expensive, often making car ownership unaffordable. There are ways, however, to lower your risk and therefore your premiums. Gari Dombo, managing director for AFI says insurance companies generally classify young drivers as...

Motor insurance: making sure your policy pays out

When it comes to motor insurance, you and your insurer each have certain obligations that you have to meet in order to render the insurance contract valid. As a policyholder, if you don’t hold up your end of the contract, you could find yourself without cover at a time when you need it most. Nearly 50 percent of complaints received last year by...