Is insuring the retail value of your car the right choice? How can you ensure you have the most comprehensive car insurance possible? Read more to find out.
The very last thing that car insurance should be is complicated. That’s why we’re here with you today, to discuss the ins and outs of car insurance and how you can make the most out of your policy.
Insuring your car isn’t a luxury perk or a fancy addition to owning a car. No, car insurance is the essential safety net you need to put in place before you even think about owning or driving a car. Has car insurance got you confused? Don’t worry, we’ve got you!
The truth of the matter is that the majority of South Africans on the road do not have car insurance. And when we say majority, we mean a whopping 60-70%.
This means you can’t rely on luck that somebody you have an accident with will be able to cover your costs. This is wishful (and highly irresponsible) thinking that will only put you in a very expensive situation.
Read more: Is the Minimum Car Insurance Excess Fee Adequate Coverage?
How do I get car insurance?
With Oneplan, it’s never been easier to get car insurance. You see, we do things a little differently so that your life is easier.
To become a part of the Oneplan Car Insurance family, all you need is the smartphone in your pocket and a few snaps of your car! All you need to do to open up a world of comprehensive cover is log onto the Oneplan App, upload a few clear pictures of your vehicle and fill in the details of your car like the model, year and retail value (which we’re going to be talking about in a minute). No paperwork, no hassle and no vehicle inspections.
We believe car insurance should be easy and with Oneplan, it is.
Related: Flexible Car Insurance – as easy as 1, 2, Drive with Oneplan
What is retail value?
Okay, so let’s talk about retail value.
The retail value of your car is essentially the price that your car sells for when you buy it from a dealer. This amount includes the markup or commission that the dealer will earn on the sale.
So, what that means is that the retail price of your car is the FULL price you would pay if the car was on a showroom floor.
The retail price is the closest you can get to the replacement value of your car. And why is that so important? It’s important because if your car was to be stolen or written off and you needed the whole car to be replaced by insurance, the retail value is the closest value you can get to being paid out for the full cost of your car.
Of course, there are other values you can use such as market value and trade value. If you want to learn more about the difference between the three, you can pop onto this blog here.
At Oneplan, we know that retail value insurance will offer you the best payout for your car which is why we recommend it for all our clients.
Controlling your excess
Life changes fast and we wanted to create car insurance policies that could change just as quickly. Each month is different, so why shouldn’t you have the option to control the car insurance you’re paying for?
All you need to do is log onto the Oneplan App or the Oneplan website and you can adjust your excess from there. What does that mean exactly? You can choose an excess amount between 5% and 70%. Cover as much as you can and want to, at the price you can afford. You have total control over your premiums and the amount your car is insured for, based on the retail value of your car and the percentage cover you have decided on.
Comprehensive cover with Oneplan
The best part is that our cover is ALWAYS fully comprehensive car insurance no matter what type of value you opt to use. We don’t think that your budget should impact how financially protected you are as a car owner. With our comprehensive cover, you are covered for theft, fire, accident damage and third-party liability cover.
If you’re looking for car insurance that is simple, fast and comprehensive, get a quote here!
Yours in hassle-free car insurance,
Oneplan
