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Written by Antione Black
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You’ve just driven your brand new car out of the motor dealer’s showroom, and you’re ready to show off this shiny new beauty to your family and friends. All those months of saving hard-earned bucks has come to an end, and here you are - finally behind the wheel of your very own car! As you cruise into the neighbourhood, a child suddenly runs across the road, directly in your path. What do you do? Of course, you do what every driver does in such a situation. You swerve to avoid the child. Unfortunately, however, you and your prized new possession, collide into a street post. Luckily the only injury to you is a badly bruised ego, but your car hasn’t been so fortunate… her hood is scrunched up against the windshield.
This unhappy scene, or something more serious like theft or fire to the car, can happen in the blink of an eye. For the person who is not covered by a car insurance policy, the situation is even worse as they will have to foot the bill for all damage.
There are several online car insurance policy options. These include Third Party Fire and Theft, Third Party, Windscreen Cover and, the most popular - Comprehensive Cover. Comprehensive Cover is recommended if the car is new or still has a good resale value. A comprehensive policy not only covers damages to your car, but it will also cover damages suffered by other parties, or property, involved in the accident.
Third Party cover protects you against claims made against you or someone else driving your vehicle. Third Party Fire and Theft gives extra protection; if your vehicle is stolen or catches fire, you can submit a claim. Certain Third Party Fire and Theft policies include Windscreen Cover that covers all the glass on your car, not only the windscreen. Comprehensive Cover policies include Windscreen Cover.
The monthly premium will be determined by several criteria, such as the age of the driver, the type of vehicle, and the driver’s driving record. A driver who has a clean slate regarding traffic violations (speeding, illegal parking etc) will pay a lower premium than a driver who has been guilty of regular offences. Age plays a large part in a person’s driving record. For obvious reasons, a 45-year-old driver is likely to have a much better driving record than a 17-year-old. You can get a copy of your driving record via an insurance agent, or through a number of websites. |
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