Third party insurance could become mandatory

By Staff Writer
South Africa's Minister of Transport S'bu Ndebele revealed on Thursday that Government is considering making third-party insurance compulsory for all drivers who are using public roads.

This statement comes after the Democratic Alliance released figures which showed that 65% of 8.5 million vehicles are not insured and the DA believes that this puts the burden of compensation for accidents on those drivers who are insured as well as their insurance companies.

Ndebele said that making third party insurance mandatory will take a lot of consideration of many factors - one of them being the financial status of vehicle owners and the fuel levy system. He added that, despite third party insurance not being mandatory, those who are involved in accident can look for compensation via the courts.

Car insurance is a vital to everyone and, despite many people being under the impression that it is incredibly expensive - it's often much more affordable than people think. It is important to compare car insurance quotes so you can get the best deal that's available to you.

When taking out car insurance, you also need to make sure that you insure your car for the correct use. This means that if you only drive your car from your home to the office and back again, you will only need to insure it for private use but, if you use your car for business or transporting goods as well as private use, you need to insure it for business use.

Choosing a car insurance company does not have to be difficult - with Justmoney.co.za you can simply fill in a form and somebody will call you to discuss all your option - it's as simple as that.

Even if you have car insurance already, why not see if you can't get a cheaper deal on car insurance? You might be surprised what you find...

Remember, you can also follow us on Tiwtter!

Recent Articles

Featured Which one should you get first: life cover or a retirement annuity?

Financial planning can be a brain-racking process because it means making difficult decisions such as choosing the most suitable products for you. The one challenge faced by those who are financially constrained is which product to choose: life cover or a retirement annuity (RA).

Read more

Should you save or invest your money?

While saving means putting away cash for future use, investment involves purchasing assets which will yield good returns in the future.

Read more

Retirement annuities compared – pick the one for you

When selecting an RA you must know the type of annuity you are investing in. Retirement annuities are divided into two categories: traditional and new generation annuities.

Read more

Recent tax changes – how do they affect you?

In January this year, various amendments to the Taxation Laws Amendment Bill and the Tax Administration Act were announced. While some changes will benefit you, others could be to your disadvantage. Justmoney looks at how some of the recent changes will impact you.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Save R100 when you buy a tracker at Takealot

Price: R289
When: Daily
Where: Online

Pamper yourself and partner for less at Bakwena Day Spa

Price: From R999
When: Until 31 July
Where: Hartbeespoort

Pay only R35 for the new Nandos Boujee Bowl

Price: R35
When: Daily
Where: Nationwide