Statistically, there are hundreds of motor vehicle accidents in South Africa a day. These numbers range from major to minor accidents. Only about 30 % of the vehicles on our roads are insured. Nowadays with the mortality rate on our roads, where 32 people die every day, it seems an almost metaphorical sigh of relief should your accident be deemed ' minor '. This is until you are quoted the tow - truck release and panel beating repair prices.
It is not unheard of for the repair of a dent and a few scratches to race into the thousands, an amount that can be nearly impossible to access. One would have to save for months and months, attempt to access a loan or most commonly, put the cost on their credit card in order to have their vehicle back in a decent condition.
With any of these options, should any of them even be possible for some people, it would mean a substantial amount of money removed from your budget every month.
It can almost seem ignorant to not take the necessary precaution of insuring your vehicle for a reasonable fee every month. Unfortunately, in all honesty, many people feel car insurance is expensive; a monthly bill that can fluctuate and change as breezily as the interest rate does. Perhaps these people have the ' it will never happen to me ' mentality, or they believe if it does - it is something they will ' deal with when the time comes. '
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