Full coverage car insurance: Looking at the bigger picture
How can you make sure you’re getting the most out of your car insurance policy? Today we’re talking about full cover comprehensive insurance and why you can’t be on the roads without it.
Getting comprehensive car insurance is one of the smartest decisions you can make. When you become a car owner, you need to do the responsible thing and make sure you are signed into a quality policy that will protect you in the moments you need it most.
Driving on South African roads is one thing, doing so without insurance is another. In our country, there are more than 11 million drivers without any car insurance. That means that if you’re in an accident, you’re most likely going to be dealing with somebody who is uninsured and if you are at fault, you will be liable to pay for the damage to their car out of your own pocket.
Car insurance is there to save you money and protect you from running into unexpected debt. Having car insurance is a prerequisite to owning a car. If you can’t afford to fit car insurance into your monthly budget, then you can’t afford to buy a vehicle. It’s as simple as that.
What does “full coverage” really mean?
You’ve probably heard a lot of people talking about full coverage. However, it can be an ambiguous term to use that misleads some people.
Let’s start with what full coverage isn’t. It isn’t 100% cover for anything and everything that happens to your car. A full coverage policy will still have annual limits and terms and conditions that apply, and it’s important that you know what those are before you sign onto a policy.
Instead, full coverage refers to comprehensive cover. At Oneplan, all of our policies are comprehensive. This means that you are covered for:
● Liability cover
● Third-party cover
● Comprehensive cover
Why third party only just isn’t enough
Let’s paint a picture,
You have been involved in an accident with another driver who doesn’t have any insurance. You have third party insurance. That means the other driver is covered by your policy for any damage to the vehicle, damage or loss of property and even injury costs. You, on the other hand, will have to source the funds for any damage caused to your car on your own.
The cheapest option that most insurers offer is third party cover, but that doesn’t sit right with us. We believe you should have access to comprehensive car insurance regardless of your budget.
Comprehensive car insurance
Comprehensive car insurance is the closest you can get to having full cover. Our comprehensive policies cover you for theft, natural disaster, fire, hijacking or an accident with another car, regardless of whose fault it was.
What’s more, is that all claims are covered and you will only be liable to pay the excess towards repairing or replacing your vehicle.
What is flexible insurance?
Flexible insurance is the insurance you want. And it happens to be the insurance we offer.
We just mentioned excess, and that’s a big part of Oneplans flexible insurance. To dispel the myth that comprehensive insurance is only for wealthy people, we created insurance that can be tailored to your unique needs, budget and lifestyle.
Each month is different, which is why we give you total control over your cover. Choosing your excess means that you get to decide how much you pay each month for your car insurance. Your excess is the amount that you agree to pay towards any claims that you make in the future. This amount is determined when you take out an insurance policy.
We let you control your excess by choosing how much you want to pay towards the repair of your damaged vehicle. If you opt to pay higher premiums each month, your excess can be lowered significantly.
This works well for people who have a steady monthly income but don’t want to part with a large amount in an unexpected accident. If you would prefer to pay less on your premiums each month, that’s fine with us, too!
You will have a slightly larger excess to pay in the event of an accident but you will feel more comfortable meeting your monthly premium. There really is something for everybody! Our flexible insurance also extends to the functions on the Oneplan App such as:
- Pressing pause on your cover.
- Changing your cover with the click of a button.
- Zero-paperwork claiming system.
Yours in affordable car insurance,