In today’s volatile environment that has come to characterize the South African terrain, insuring your vehicle isn’t a luxury but a necessity. You can never predict what surprises are around the corner, which is why you need to ensure that you have the best possible cover.

Although more arbitrary types of car insurance have been introduced as options on the market – such as pet or teen car insurance – the South African car insurance field is made up of three main categories: comprehensive, third party fire and theft, and third party only. Each of these accommodates specific needs, and you will need to revise the different inclusions and exclusions before you settle on the one that is right for you.

Comprehensive

If you are the driver of a new vehicle this option comes highly recommended, as it covers an entire spectrum of risks. These include theft, accidental damage to your car or to the vehicle or property of a third party, and also the accidental death or injury of a third party. An added bonus is that in most circumstances the accessories in your car, like the radio, as well as certain natural risks, such as hail damage, are taken into account under a comprehensive insurance policy.

Depending on the insurer, you could be offered additional benefits like road side or medical assistance, car hire, towing and storage – all at no extra charge. This is the most expensive of the three types of car insurance so before you settle on it, consider these points that justify such insurance:

• You frequently clock up high mileage
• Your car has a high price-tag
• You owe money on your car
• Your car is relatively new
• The premium is affordable

Third Party Fire and Theft

Also known as limited liability, the main difference between this and comprehensive insurance is that your car isn’t covered against accidental damage. It will however provide cover for any damage you cause to the vehicle of another person, and the accidental death or injury of third parties involved in the same accident. You will also be protected in the event of your vehicle being stolen or hijacked, or even if attempted theft takes place.

The fire component will ensure that your vehicle is covered against damage caused by fires, lightning or explosions. Normally, this insurance option will also cover certain accessories, like your windscreen, radio, or canopy. It is generally the second most expensive of the different types of car insurance, and is ideal if you:

• Clock up average mileage
• Owe very little on your car
• Have a premium that suits your budget

Third Party

The most affordable of the car insurance policy options, third party cover is the minimum recommended level of car insurance available. As the name suggests, you will be covered against any damage you cause to the vehicle of another person, and the accidental death or injury of third parties involved in the accident. On the down-side, you don’t have cover against the loss of, or damage to your own vehicle. This option is a good call if:

• Your car is old
• You are rarely on the road
• Your car is paid off
• This is the only affordable option you have

Another critical thing to keep in mind is that the value of your vehicle determines your premiums and excess – which is often the deciding factor when people are shopping around for the most suitable car insurance quotes from an array of insurance companies.