Your 20s are magical. You’re figuring out life, hustling for your dreams, eating noodles at the end of every month and pretending you fully understand your tax return. You’re also officially an adult, which means the world now expects you to know things. Like how to assemble flat-pack furniture and how insurance works.
Spoiler alert. Most people only learn about insurance the hard way. Usually, after something goes wrong, a small part of their soul leaves their body.
So, to keep you from becoming part of the ‘you won’t believe what happened to me’ club, here are the top 5 insurance fails young adults make and how to avoid them like a royal genius.
Fail 1: Thinking ‘I don’t need insurance yet’
Look, we get it. You’re young, vibrant, and your back doesn’t hurt when you stand up. Life feels invincible, but accidents don’t care how old you are.
Whether it’s your first car, your first flat or your first fancy gadget, if you own stuff, you need cover because being responsible means protecting your things, not trusting the universe to keep an eye on them.
Getting car, home contents, or portable possessions insurance as soon as you start collecting things you can’t easily replace is the smart move. It keeps you covered and calm when life comes knocking on your door.
Fail 2: Only insuring the car… And forgetting the contents
Here’s a fun fact about thieves. They love laptops, phones, cameras, and anything else that fits neatly under their arm. Many young adults insure their cars and forget the valuables they carry daily.
By adding home contents and portable possessions cover, you can protect the things you use every day, whether you’re at home or out and about. If you’ve got comprehensive car insurance, you can also insure items like your bicycle, golf clubs, or hearing aids for just R1 a month.
Fail 3: Not updating your details
You know how life changes every 5 minutes in your 20s? New job, new flat, new bae, new gym contract that you’ll ‘definitely’ use this time. Well, your insurer needs to know about those changes, too.
If you move, change jobs, change where you park your car or start using your car differently, you need to tell your insurer. If you don’t, your cover might not match your real-life situation. So, save yourself a lot of drama later and take a few minutes to ensure your policy is updated with your latest details.
Fail 4: Choosing the cheapest insurance instead of the right insurance
We love saving money. We built our whole kingdom on it. But choosing the cheapest cover just because it’s cheap often ends in regret. Basic cover might not include theft, accident damage, hi-jacking or the extras you actually need.
Look for value, not just price. King Price offers different levels of cover depending on your needs and your budget. Want simple? Cool. Want comprehensive? Even better. Want decreasing premiums? Now we’re talking.
Fail 5: Not reading your policy because ‘it’s too long’
We know. Policy documents can feel like an ancient scroll written in a forgotten language. But here’s the thing, they tell you exactly what you’re covered for and what you aren’t. And that info becomes very important the moment something goes wrong.
So, take a moment and read your policy, or at least the important bits, like what’s included, how to claim and what your excess is. And if you’re with King Price, the good news is that your policy is written in normal, human-friendly English. So, no excuse.
Adulting is hard… Your insurance shouldn’t be
Your 20s are a mix of fun, freedom and total confusion. Your insurance shouldn’t add to the chaos. Dodging these classic mistakes means fewer surprise costs, fewer meltdowns and fewer situations that end with you messaging the group chat for moral support. So, if you want insurance that’s simple and cheap, visit kingprice.co.za or call/WhatsApp 0860 50 50 50 for a commitment-free quote today.
FAQs
Do I really need insurance in my 20s?
Yes. If you own anything valuable or you drive a car, you need insurance.
Is comprehensive car insurance worth it for young drivers?
Definitely, it protects you against accidents, theft and hi-jacking which are all common risks.
What insurance should a young adult get first?
Car insurance if you drive. Home contents and portable possessions, if you own valuables.
Why is updating my details important?
Incorrect details can affect claims. Your insurer needs accurate info to cover you correctly.
Does King Price offer affordable cover for young adults?
Yes. Our comprehensive car premiums decrease monthly, and we offer R1 insurance for selected items if you have comprehensive car or motorbike insurance.
