Motor Vehicle Insurance

Motor vehicle insurance is a type of insurance purchased for motorcars, trucks, motorcycles etc. It is also commonly known as car insurance and motor insurance. This type of insurance protects the policy holder from losses arising from motor accidents, liability and theft associated with a particular motor vehicle.

Essentially it is a contract in which an insurance company assumes financial responsibility for any loss the insured may incur through damage or theft to his/her vehicle. There are different types of motor vehicle insurance depending on the level of cover required and certain legal principles. Some of the types of cover available are:

- Comprehensive Motor Insurance
- 3rd Party, Fire and Theft
- 3rd Party Only

Many motor vehicle insurance companies in South Africa require that their policy holders install certain safety devices like immobilisers. This is due to the high incidents of motor theft in South Africa. Besides mandatory security devices, some insurers provide discounts on premiums if additional safety devices like tracking devices are installed. Securing the vehicle at night in a garage or behind a locked gate will also help reduce premiums.

Tracker is one of the leading motor tracking and monitoring companies in South Africa. There systems allow stolen vehicles to be hunted down using state-of-the-art technology.

If you are interested in a tracking-based car insurance policy try Hollard’s Pay-As-You-Drive product, by clicking on the link below and requesting a quote.