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Car Insurance - Quality Over Cost
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Currently, a lot of people are having to review their financial situations. People are looking for any means possible to cut costs, and this is reaching into their car insurance policies too. Unfortunately, this is a dangerous area to be tight-fisted on. The cheapest car insurance policy may not be the best, and can fall dangerously short on the actual coverage you really need. It is undeniable that there are many vehicle insurance companies out there are offering enticing lower premium deals for people in desperate financial situations. Whilst this may seem like a gift at the right time, it could land up causing more grief in the future.
The problem with this is that the coverage can be very limited. You may be paying a much lower monthly premium, but your payout options will be greatly reduced. Read the fine print on one of these supposedly cheaper policies. You could find that the coverage is not adequate at all. For one, there could be many ifs and buts, such as a high excess, or no coverage for certain kinds of accidents and theft instances. In fact, cheap insurance brokers are being eradicated from the market, ...
... mainly for providing false services. People who buy into these kinds of cheap insurance policies can find themselves forking out staggering amounts of money if they have a collision. Because the coverage is so sparse on these cheap policies, you will find yourself having to pay out for all sorts of things if you have to claim. In the end, it will land up costing you far more than you could ever have imagined.
A regular policy that may cost you a bit more could be your safest bet. Sure, you may be paying a bit more every month than on a cheaper insurance package, but it will pay off for you in the end. Regular insurance does not need to be exorbitantly expensive. You can lower the cost by only covering for third party, and raising your excess. Simple things like clearing out your garage so your car can be locked up at night, and installing a good alarm system, can really work wonders in lowering your premium.
With car insurance we cannot be of the mind that 'it will never happen to me.' An accident can happen to anyone, at any time, and it may not even be your fault! The same goes for theft and attempted theft on your vehicle. Most of the time one does not even realize the damage that attempted theft can do to your vehicle. You may think you have killed two birds with one stone with your cheap car insurance deal by getting peace of mind in knowing that you are covered, and also saving money every month, but this is not true. If you have to claim you will find yourself more out of pocket than ever imagined. It is better to do it properly the first time round. This is a wise financial decision, and one that should also be made informatively. Shop around for the best quotes for the kind of coverage you need. Read all the fine print and question the insurance companies carefully to ensure there are no loopholes you are missing.
Hollard Pay As You Drive offers car insurance on a per kilometre you travel basis. Visit http://www.payasyoudrive.co.za for your car insurance quotes.
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