The most expensive car insurance mistakes people make

The most expensive car insurance mistakes people make  

While you take out car insurance with the best intentions, there are things you could be doing that could jeapordise your cover, and unnecessarily increase your premiums. Go through our list of the most expensive car insurance mistakes people make, to give yourself peace of mind – and pocket.

Lying on your policy
Lying on your insurance policy or claim could result in denial of coverage. If you leave out information or lie about something, you could be costing yourself even more.

Not doing ample research before taking out cover
The cheapest insurance cover is not always the best, and nor is the first option you find because you don’t have enough time to shop around. You should always do some research on various plans and a cost analysis, weighing the price and benefits of policies. When it comes to car insurance, MotorHappy does the research for you. Once we understand what you’re looking for, we will provide you with a selection of quotes from some of South Africa’s most reputable insurers.

Not reading the fine print
You need to know what you’re covered for exactly, and what your excess will be if you have an accident. Most of the time you’re not covered for roadside assistance, car rental, trauma and medical, additional drivers who have an accident, personal property that gets stolen from the car, and more
The best type of cover is comprehensive, which protects you against damages to your car as a result of accident damage, theft or hijacking, bumper bashings, vandalism, fire, natural disasters, falling objects and damage done by animals.

Not decreasing your premiums
When you decrease your premiums, you’ll obviously be saving money each month. You can decrease your premiums by installing an anti-theft device, ensuring your policy is updated (for example, you could pay less if you start working at a new employer and park in a safer spot), and choosing to pay a higher excess, which will result in lower premiums. (Tip: ensure you can afford the excess if and when you claim.)

Not updating your details regularly
If you don’t let your insurance broker or company know if anything changes, such as a new job or a new house, you could repudiate future claims. Also disclose if you’ve made any modifications to your car as the value of your car might have changed in the process.

Not reporting an accident to the police
If you don’t report an accident with another vehicle to the police, you won’t get a case number, and therefore you won’t be able to get your claim processed. Try get a case number as soon as possible after the incident to not only get the claim process started, but because earlier on, your memory of the accident will be fresher, and you’ll likely give more accurate information.
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