Help me understand Car Insurance

Rhein said:
This is true.
But........
The prices of parts to repair the car, the labour costs and the price of materials such as paint increase due to Rand values and inflation so the costs for a repair job has to be factored into the price of the premium. Since there are far more claims for repairs than write offs, the value is off lesser risk.
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That's also why most insurers prefer to write the car off if the damage is anywhere close to 50% of the cars value
 
Hi, I am not sure if your problem has been resolved yet and whether you have found affordable comprehensive insurance for your car. I guess we all have our own opinions. So here is mine. The best advice I can offer, that has not been offered yet is to have a look at this website: https://carinsurance.co.za and see what sort of price they can offer you and whether they fall in the R300 to R450 gap that is mentioned earlier in this feed.
 
joker08 said:
I drive an 8 year old Etios which has a market value of R75000. I have a third party insurance for which I pay R111.
I want to get comprehensive insurance but they ask for R650 and its too expensive for this cheap car.
I am willing to risk and pay for any damages that happen in an accident because from what I read and learnt so far is most of the times its a pain to get the money from most insurance companies.
But I want someone to fight for me in court and recover whatever possible from the other party IF they are responsible. I am ready to wait for the money. Is there anyway I can do this ?
Or I just get the cheapest insurance with a big excess ? But How does excess amount work ? so say the excess is R10000 and the damage is R5000 do I still pay the insurance company R10000 ?
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If I may ask, who is your third party insurance with?

Thanks.
 
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