Less than 35% of South African motorists have car insurance – here’s why.
In a country with a high mortality rate, many brave hearts have decided to take on the challenge of South Africa’s dangerous roads without insurance.Car insurance is essential for financial protection and road safety. However, driving without insurance remains a significant problem in SA.“For people whose budget is almost maxed at the end of the month, insurance is unfortunately one of the first things to be sacrificed,” said Pineapple Chief of Finance Jan Bezuidenhout.
Additionally, experience or word-of-mouth anecdotes about rejected claims could contribute to the general public’s distrust of the insurance industry.Immediate consequences of suffering from an accident while uninsured include footing the bill for repair and replacement costs. “But what happens if their entry-level car, say a Polo, crashes into a Lamborghini? You’re liable for millions and millions of rands.”
However, the insurance sector, and society as a whole, has a lot of work to do to change people’s sentiments.
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