Home Finance How to Insure Your Car: The Ultimate Guide

How to Insure Your Car: The Ultimate Guide

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Do you own a car? And if so, do you know how to insure it? It’s probably worth knowing. Vehicle insurance can be cheap, relative to the amount of protection provided, and depending on who you’re insured with, quite easy. On the flip-side, though some companies don’t make things easy for their customers, some are just downright expensive.

Whether you’re looking to buy your first car or already have a few under your belt, it’s always worth knowing how to insure them. Therefore, it’s important to know the process to refer back to this article if need be. This article is designed for those who have never insured a car before and those who have and want to refresh their knowledge. Visit miway.co.za to know more information.

So let’s get right into it! Here is our complete step-by-step guide on how to insure your car.

Step 1:

The most important thing to know is that you need to start requesting a quote. This may seem obvious, but some people think they can skip this step and try to go right ahead and buy an insurance plan. No! No! No! You have to get a free quote before anything else happens.

Step 2:

Decide on what kind of insurance you need. You can choose from the third party only or comprehensive. Third-party only will cover damage to other cars if you’re at fault in an accident, but it won’t cover any damage to your vehicle. Comprehensive is the opposite; it covers everything, including damages to your car. Some people think that if they have an old car, it’s not worth insuring for comprehensive. That’s wrong because even corroded old rust buckets are expensive to replace, so you need to insure them.

Step 3:

Get your quote! You can get all the information you need from the comparison sites online. However, if you’re looking for a personalized quote, you can choose to use a broker or an agent. A good insurance agent will find the right plan for you from the company they are affiliated with. Be aware that most agents make their money by selling their insurance plans, so if you’re going this route, do your homework!

Step 4:

Accept the quote! This is when you tell the insurance company to go ahead and start your policy. At this point, they will send you an email with your policy number and all of the details. Plus, there should be clear instructions on what to do next; either take out your policy online or contact them directly.

Step 5:

Make your first payment. Insurance companies don’t like to see unpaid insurance policies, so if you’re not paying on time, the policy will be canceled, and you’ll end up with no coverage at all! Make sure that this doesn’t happen by setting up a direct debit or credit card (this is for regular monthly payments) or by using the internet to pay (this is for one-off payments).

I hope this has helped you understand how easy it can be to insure your car. Remember, if you’re unsure of anything, don’t hesitate to contact the insurance company directly.