Student Car Insurance in South Africa
The thought of buying a car someday is everyone’s dream. This is like one thing that is on everyone’s bucket list. Just that some people do it sooner than others. But the benefits of having a car are usually discovered during the school days. Probably you are a student and your parents just bought you a car or you saved up for a car by getting part time jobs.
Now that you have a car, you have to take care of it. Your first salary is always important and so is your first car. It is the most precious thing in the world. With the number of insurance companies in South Africa you have a vast number to pick from. But before you do that they are things you need to know, like can I get a student car insurance? Are there any ways I can avoid paying huge amounts of money? How can I save for insurance. And this is the right article for you.
Charges and Excess
There is really nothing like student car insurance as a standalone. If you are under the age of 25 you automatically fall under the minor drivers. The insurance is kind of harsh on you. The reason being the statistics that report the number of accidents that are caused by young drivers below the age of 25.
Just like the policy for young drivers, you will be expected to pay a higher policy. And not forgetting the excess that has to be paid too. But then in this case you have 2 excesses to pay, that is a couple more Rands you have to cash out. This is more like a penalty excess that is different from the first excess you have to pay.
Saving tips for your car insurance
It is obvious that you need some type of strategy to save up for your car insurance. But then there is not a wide range of options for students. And again the source of income can be a problem. You might also want to consult an insurance broker so that you are aware of what you are getting yourself into. At the end of it, this will help you take care of your car.
Multi insurance; what this means is that instead of just insuring your car, now you add something else to the insurance. Let’s say that you have an apartment or you stay with your parents what you simply combine the house and car on the insurance. Or you can also put any possession to that insurance, be it television, radio chair, reading lamb, anything at all and this will reduce your cost on your insurance.
Additional person on your insurance; adding another person to your insurance is also beneficial in your favour. How this works is quite simple. All you have to do it add either your mother or father or guardian or sibling who is above 25 to your insurance. But the ideal age group to add is a person who is 50 and above and this will lower your insurance cost.
Secure your own vehicle; going an extra mile for your car will produce results in your favour. Well insuring that your car is parked at a secure place either in broad daylight or at night will be looked into by the insurance company. The less you are at risk then you are doing yourself a favour in terms of lowering your premium.