Why Comprehensive Car Insurance is The Choice for New Vehicle Owners

If you’ve just bought a new vehicle, then the best kind of car insurance to have is comprehensive car insurance. There are good reasons for this.

At 1st for Women, you’re a part of our family, so we want you to have the right protection for one of your important assets—your vehicle.

This article clearly shows why you should opt for comprehensive coverage, what it covers, and the extra benefits of this type of insurance. 

Let’s get started.

What is the meaning of fully Comprehensive Car Insurance?

The idea behind any insurance is to protect you financially. This is the case with car insurance. There is a powerful reason why it’s termed comprehensive: it covers the widest range of risks, such as: 

• Loss or damage to your vehicle due to car accidents or collisions, damage from the elements such as, vandalism, theft (or hijacking) and fire.

• Third-party claims in case you’re liable for damages to someone else’s property.

• Car insurers like 1st for Women include additional benefits, like emergency medical assist, roadside and accident assistance, reliable towing services and storage at no additional cost.

What does fully comprehensive insurance cover?

As mentioned above, comprehensive vehicle insurance protects your vehicle against many eventualities that lead to damage or theft of your vehicle. Let’s go over the details of what this insurance plan covers.

• Accidental damage cover to your vehicle. Accidents and collisions cause expensive damages. If you incur vehicle damage, whether it’s your fault or not, comprehensive car insurance will cover your vehicle.

• Third-party liability claims: Sometimes, you may accidentally damage someone else’s car. For instance, you may accidentally reverse into your neighbour’s car on a misty morning. 

• Theft and hijacking of vehicles: If this does happen to you, rest assured that it’ll either be recovered or replaced. 

• Damage caused by fire or natural elements. The weather can be unpredictable. Hail damage, for instance, can cause a lot of damage to your car. 

Imagine driving on a highway; an oncoming car overtakes and enters your lane. Seeing no way to avoid the accident, you go to the shoulder of the road. Unfortunately, you lose control of the wheel, and your car veers off the road, damaging a farmer’s electric fence.

Your car also suffers some damages, including the front bumper and several scratches and dents on the bonnet and sides.

If you have comprehensive car insurance, you won’t worry as your car insurer will pay out for the repairs to your car. Moreover, it will cover the cost of replacing the farmer’s fence.

If, however, you have third-party only car insurance, your car insurer would cover the expenses of repairing the farmer’s electric fence. You’d have to pay for the damages on your own vehicle. Suppose you have recently purchased a new vehicle. In that case, it’s advisable to protect your investment with the best possible cover available, which is why insurers recommend Comprehensive Car Insurance cover.

Why you need comprehensive coverage for a new vehicle

Buying a new car comes with the responsibility of protecting your asset in the event of unexpected events and risks. Paying out-of-pocket to repair or replace a car can be very expensive. For many car owners, having comprehensive coverage can be the difference between living a debt-laden or debt-free life.

When you buy a new car through financing from a bank or financial institution, you’ll be required to get comprehensive insurance[1]. The financial institution wants to ensure it does not lose money if the car gets damaged or stolen. 

Additional benefits of comprehensive insurance

Many car insurers provide additional benefits to comprehensive insurance policyholders. The most common include roadside assistance. Other insurers, such as First for Women, go the extra mile to ensure their clients have unparalleled peace of mind.

1st for Women’s offers exclusive benefits for Comprehensive Vehicle Insurance policyholders, some of which include: 

1. Guardian Angel on Call: We provide a roadside assistance benefit, Guardian Angel on Call. This is a 24/7 service where stranded motorists can request help that can be accessed by downloading our app.  

2. Guardian Angels Lifestyle Assistance: This service assists you with various lifestyle-related services at home or on the road. For instance, with Concierge Assist, you get assistance with dentist’s booking, flight booking, travel information and handyman arrangements.

3. Value add-ons. If you would like added support, you can add value add-ons to comprehensive insurance, like tyre and rim insurance or scratch and dent. With Scratch & Dent, you’ll keep your car’s paintwork shiny and attractive. Auto Top-up covers shortfall expenses. Tyre & Rim insurance helps you keep your car’s tyres in tip-top shape. This is welcome, considering the damage potholes cause on many of South Africa’s roads.

Get a Comprehensive Car Insurance quote from 1st for Women

You can start the process here if comprehensive insurance sounds like a good fit for your needs. Request a free and no-obligation car insurance quote online.  

Sources:

[1] Auto Trader: Can you buy a car without insurance?

Disclaimer: The information in this article is provided for informational purposes only and should not be construed as financial, legal, or medical advice.