Car Insurance

[jorgue12]

Do I need it for my first car? What is it even?

I have a 20K emergency fund and at the moment I feel I don’t need car insurance on my first car, which is going to be second hand.

Currently looking at a 2003 Mazda Mx-5, so it’s a 20 year old car… if not that it might be something like a 2010 ~ 2012 Peugeot 308.

I’m 25.

 

[sativwa]

@jorgue12 You definately need third party insurence. You can't afford to pay for the other person's car if something happens.

 

[jorgue12]

@sativwa Super solid advice in these comments!

 

[rudye]

@sativwa I have been in SA for nearly 40 years, and still can't believe this is not compulsory. It is cheap, and covers things you may hit (other cars, people, houses, etc).

 

[vancouverguy]

@jorgue12 Insurance is for if you have an accident with a R1m+ merc and their insurance decides to sue

 

[jorgue12]

@vancouverguy Yikes

 

[trinie]

@jorgue12 I've had 2 cars written off, literally 3/4 of my house, 2 pregnancies, 2 minor hospitalisations, 2 geyser bursts and associates damages, all covered by insurance. All in the space of 5 years. Get yourself insured, shit happens

 

[freefromabuse]

@trinie Hi, please stop driving up the premiums for the rest of us

 

[jorgue12]

@trinie I don’t know what to say except I’ll be taking your advice

 

[mimicakez]

@jorgue12 Yes. 20k isn’t much if you get into an accident

 

[resjudicata]

@mimicakez 20 k is a tiny when you consider a major service can cost 60k...

Get comprehensive insurance and get quotes.

Its cheaper if you have a lockup garage.