2. South Africa’s Dependence on the
Motor Car Industry and What it Means
for Car Insurance
Due to a lack of reliable public transport, many South
Africans are forced to purchase their own motor vehicles.
But what does this dependence mean for car
insurance?
3. Did you know that only 3 in every 10 South African
drivers actually have car insurance?
“This is very unfortunate,
seeing as though there
are over 500 000 vehicle
accidents every single
year” ~ MiWay Animation
Why do most drivers choose not to invest in car insurance?
Because they don’t want to fork
out a monthly premium.
4. Pay a Little Now… Save a Lot Later On
There are a number of risks associated with driving a motor vehicle day in
and day out. The chances of being involved in at least one vehicle
accident during your lifetime are very high indeed. When you take into
account that our country experiences 32 accidents per 100 000 people
per year, all of which result in massive damage and exorbitant repair
costs, as well as the fact that the fatality rate of vehicle accidents has
actually increased by 64% over the last 10 years, it is evident that driving
can be a risky business.
The bottom line is that, without car insurance, if you are involved in an
accident while driving on the roads of South Africa, you are vulnerable to
a number of things including the loss of your assets, as well as many legal
issues if you were the one at fault. With car insurance, you pay a little now
and save a lot later on.
5. How can vehicle insurance make your life easier?
1. Car insurance will save you time.
2. Car insurance will cover you for damages.
3. Car insurance covers you for legal liability.
4. Car insurance will help you to find someone to repair your vehicle.
5. Car insurance will provide you with peace of mind.
6. Want to know more…?
• About South Africans’ dependence on motor vehicles?
• About the risks associated with driving a motor vehicle?
• About the transport industry of South Africa?
• About why you need car insurance?
• About finding affordable insurance for your needs?
Keep a look out for the Academic Paper:
A Commentary on South Africa’s Dependence on the Motor Car Industry
and
Check out our Animated Video.