Can you imagine going into a battlefield unarmed? Obviously not. Then why would drive your valuable car without getting insurance for it? For many young drivers, car insurance is more a pain than a benefit, with the pain part being located in the premiums they have to pay. No matter which way you view it, car insurance is a necessity.
Car insurance protects you from personal liability should you be in an accident. Aside from the legal requirements, this is the main reason you want car insurance. If you are in an accident and you are at fault you can be held personally responsible for the costs of medical bills if a person is injured and major monetary awards if a person is killed. These costs can ruin most families if they have no insurance. It could mean years of future payments in the event you cannot pay them all at once, which most people cannot do.
But what about you? What if your car is hit by someone who does not have insurance? If you do not have insurance either, chances are good you will be faced with your own medical payments. You can, of course, sue the other person but what if they are destitute and cannot pay? Your own car insurance will usually help with those payments. In addition, depending on the type of car insurance that you have, your vehicle can be repaired or replaced, thus saving you the out of pocket expense of replacing it yourself.
Another reason for having car insurance has to do with repair of the other vehicle if you hit someone. As you know, vehicle repairs can be very expensive. If it is proved that you are at fault in an accident you may be required to pay for the repairs or the replacement of the vehicle that you hit. Again, this is money that has to come out of your pocket. Additionally, you could also be responsible for any damage that you might cause to property during an accident. For example, if you run into a house and cause a wall to collapse, you would be required to make payment for those repairs. One single accident can turn your whole life upside down if you are not protected by car insurance.
39-year-old Office Manager Thando Mabuza says she has made many mistakes in life but the greatest one was deciding she did not need insurance on her car anymore.
“I bought my car in 2008 and was insured for six years. During that time, I did not have an accident despite being a new driver. I got tired of making monthly payments on something I felt was of no benefit to me and decided to cancel my insurance premiums. Five months later, on Christmas Eve, I was involved in a nasty car accident that almost claimed my life. I went through hell as I had to pay for the repairs on my car for a very long time. I actually had to get a loan to take care of this while also paying exorbitant medical bills. As soon as I got back on my feet, I went back on an affordable insurance plan for my car,” she says.
Eswatini Royal Insurance Corporation Marketing and Communications Manager Sizwe Shongwe, says his company offers motor insurance for new and used vehicles to individuals and companies.
“We have 3 levels of insurance being, Comprehensive Insurance, Third-party, Fire and Theft Insurance and lastly Third-Party Only Insurance. We don’t just sell insurance but we provide you with total peace of mind. Our free additional attributes ensure that your life does not stop when your car engine stops due to an accident. Our premiums are based on equal value for benefit. They reward you every year for not having an accident and for taking good care of your insured vehicle. We encourage you to compare our insurance experience and see how we give you convenience and ensure you preserve your quality of life even after an accident. We ensure your tomorrow, today,” he says.