Everything You Need to Know About Insurance for Pre-Owned Vehicles
Buying a pre-owned vehicle means you are making a good financial move, but that does not need to stop at the sale.
Quality-assured cars usually make the insurance process much simpler and, in many cases, more affordable too. Factors such as the vehicle’s age, mileage, condition, service history, and depreciation rate all contribute to reduced premiums and more valuable cover.
With a better understanding of your insurance options, you can protect your investment and avoid unexpected costs down the line. Here is everything you need to know to insure your car with confidence.
Weighing Up The Types of Cover
Comprehensive insurance is always recommended, even for older models. It covers damage to your car as well as third-party claims, giving you wider protection. While third-party-only policies may seem more affordable upfront, they offer limited cover and could result in higher expenses after an accident.
Working Out Your Vehicle Value and Excess
Your premium is based on the current market value of the vehicle, not its original retail price. Selecting the right excess, which is the amount you pay in the event of a claim, helps you balance monthly affordability with long-term financial protection. A lower excess often means a higher premium but can save you significant costs if something goes wrong.
Considering Value-Added Benefits
Many insurers offer additional benefits like roadside assistance, pothole cover, windscreen cover and car hire, for example. These extras may seem small, but they can make a real difference when unexpected situations arise. By choosing the benefits that suit your lifestyle, driving style, and area you reside in, you can make sure that your cover is not only protective but also practical.
Insurance is simply a non-negotiable part of car ownership on South African roads. When it comes to pre-owned vehicles, it always pays to know exactly where you stand. That’s why a good policy will protect your investment and make sure that you are well-protected when it matters most.
But not all second-hand vehicles make the cut with insurance companies. That is where buying from a reputable dealership with years in the business, like DigiCars, makes a real difference.
You can count on us for pre-owned vehicles with verified service histories, mechanical inspections and up-to-date paperwork. Explore DigiCars’ quality pre-owned range and make insuring your next car easier and more affordable.
