Car insurance can feel like a confusing maze of policies, premiums, and conditions… Especially when you’re bombarded with conflicting information. South African drivers often fall victim to common insurance myths, which can lead to poor decisions or missed opportunities for better cover.
To help you make the best choice for you, we’re busting some of the most popular car insurance myths and showing you how King Price is setting the record straight.
Myth 1: Comprehensive car insurance is too expensive
Many South African drivers believe that comprehensive insurance is a luxury they can’t afford, but this myth could cost you more in the long run. Comprehensive cover is designed to protect you against a wide range of risks, including theft, hijacking, accidents, fire, and natural disasters.
At King Price, we’ve reimagined comprehensive insurance by offering a unique model where your premium decreases monthly as the value of your car depreciates. This means you’ll pay the most up-to-date premium. More importantly, we make sure that our premiums are fair and relevant to the risk that we’re covering. Our goal is to do our bit to help more South Africans get access to the car insurance that they need.
Oh, and let’s not forget that with our multiple car discount and our flexible excess option, where you have the freedom to increase your excess in order to lower your premium, we can help you save more and more.
Myth 2: Red cars cost more to insure
Jeepers but this is a persistent myth. The truth is, insurers don’t care if your car is red, blue, or neon green. What matters are factors like the make, model, age, and engine size of your car, as well as your driving history and location.
In our kingdom, we calculate your premium amount based on risk factors that truly matter, ensuring you pay a fair price for your cover. So, if you’ve always wanted that flaming red car, rest assured it won’t cost you more to insure with us.
Myth 3: Your personal items are covered by car insurance
Oh boy, this 1 also catches many drivers out. The fact is that your personal belongings are NOT, we repeat, NOT automatically covered by your car insurance if stolen from your car. Even if you have comprehensive cover. To cover personal items like laptops, phones, or handbags, all you must do is get our cover for portable possessions.
This way, you can be sure that your valuables are protected wherever you go. The good news is that this cover extends beyond your car, giving you peace of mind whether you’re at home, at work, or on the move.
Myth 4: Third party car insurance is enough for everyone
There are some folks out there who think that comprehensive cover is a scam designed to cheat you out of your hard-earned money. These are the people who’ll opt for third party only insurance. Yes, this is the cheapest policy, but it has very real limitations. This type of cover only pays for damage you cause to someone else’s car or property. If your own car is damaged in an accident, stolen, or involved in a fire, you’ll have to pay for the repairs or replacement yourself.
If you’re looking for a cheaper alternative to comprehensive, and your car isn’t financed, then take a look at our third party, fire, and theft cover. It protects you against third party claims while also covering your car in the event of theft, fire, or hijacking.
Myth 5: You’re automatically covered when driving someone else’s car
This may surprise you, but your car insurance covers your car. Get it? Your car? Strange as it may sound, there are actually a few people out there who believe that their own insurance covers them regardless of whose car they’re driving. To be clear, our car insurance policies are super tied to the car itself, meaning only the cars listed on your policy are covered.
Busting the myths with King Price
Car insurance doesn’t have to be complicated or costly when you have the right info at your fingertips. We hope that by debunking these myths, you’ll have had a good chuckle and feel empowered to make good choices about your cover.
For more tips on choosing the right insurance, managing your premiums, and protecting your vehicle, explore the King Price blog. Our expert advice and helpful tools are here to guide you every step of the way.
Click here for a commitment-free insurance quote or you can WhatsApp us on 0860 50 50 50
