Vehicle insurance is one of the more expensive types of insurance.   Here are the basics to bear in mind when buying a car:

1. Every insurance company charges differently

You can save a lot of money just by shopping around for car insurance quotes, and it’s the best way to ensure a good rate.  However, cheaper isn’t always better and by opting for the lowest quote you might run the risk of being under-insured or having to pay a high excess should you need to claim.

 2. You are only required to carry liability coverage by law, but optional coverage may be a must

If you financed or leased your car, odds are good your lender requires you to buy comprehensive insurance.  Check with your lender what insurance is required before you sign anything.

 3. The best drivers get the best rates

The longer you go without traffic tickets or having an accident, the more you can save.  Driving carefully is the number one way to keep your rates down.

 4.  The contents in your vehicle might not be covered under your vehicle insurance

Golf bags, laptops, cell phones or other goods that you transport in your car might not be covered should your car get broken into or stolen.  Ensure that you are properly insured, check your policy and note what cover it includes and excludes.

 5. You have rights as a policyholder

Many people don’t know this, but you have a number of rights as a policyholder, including a say in how a claim is handled. You pay for those rights, so use them if you need them.

 Speak to Indwe Risk Services today about your vehicle insurance.  We will give you the right advice and competitive quotes to ensure you are adequately insured at the best possible rate.  Visit www.indwerisk.co.za for more information.