Your car is undoubtedly one of your most prized possessions. Not only is it your primary means of transport, but it’s also a reflection of your personality and a status symbol that gives you immense pride. Taking this into account, it’s sometimes puzzling why so many motorists choose to not take up any kind of vehicle insurance whatsoever, with a 2016 survey by the Automobile Association (AA) discovering that between 65% to 70% of 11.4 million registered cars in South Africa are not insured.
Perhaps affordability has been one of the main reasons why motorists have chosen not to take out any insurance; however, this practice may soon change thanks to the innovative offering that is Drive and Save, whereby you pay only R9.99 a month for theft-only vehicle insurance (conditional upon purchasing a Cartrack stolen vehicle recovery or fleet management system with a monthly subscription of between R99 and R179).
Here are some good reasons why you should have vehicle theft insurance:
Too expensive to replace your vehicle
If your vehicle should be stolen or hijacked, would you have the means to replace the vehicle? Replacing a vehicle is a tremendously expensive exercise, with a decent new car costing upwards of R150,000 at a minimum. Subsequently, not only will this set you back financially, but leave you and/or your family without transport for an indefinite period of time.
You probably won’t be able to get the same vehicle
While there are various models of certain vehicles on the market, there is unquestionably something unique and personal about the vehicle that you own. You may have “pimped” out your car according to your own personality and tastes, and it will be extremely difficult to replicate these efforts with a new vehicle. Further, you probably grew attached to your vehicle, and may feel an enormous sense of loss if your “baby” is stolen. With a 91% audited vehicle recovery rate, there is a high chance that Drive and Save will be able to recover your unique vehicle should it be stolen.
Replacing your vehicle will be an admin hassle
Besides having lost your beloved vehicle, it will be an administrative hassle of note trying to replace the vehicle. You will have to shop around online and in newspapers, and if by chance you find what you are looking for, you will have to then undergo the required vehicle-buying process, which could include undertaking vehicle roadworthy tests and being cleared for financing. All in all, it will be a hassle that you don’t need in your life.
It will empower you
Having vehicle theft insurance will give you far less worry about your vehicle being taken away from you and allow you to live your life with far more reassurance. Additionally, by signing up for Drive and Save, you will have the extra benefit of knowing that a dedicated team is waiting to assist you should anything happen to your car, thereby giving you extra peace of mind.
So, what are you waiting for? Sign up to Drive and Save today!
How to avoid this: Don’t assume that you can’t afford car insurance. There are a number of different options available to you. Each has been developed to suit a wide range of financial situations and driver profiles. For example, Budget Insurance has four types of car insurance – ranging from comprehensive car insurance for your financed vehicle, to the more cost-effective third-party only, which will cover any damage you may cause to another vehicle. These policies also include a number of Assist Benefits. Don’t be among the millions of uninsured South African drivers.