Some
of Budget Insurance's FAQ - get the full list at
http://www.budgetins.co.za/faq.asp
Can
my age affect my premium?
Our experience shows that driving risk reduces with
age, older driver have fewer accidents than young
or new drivers. So we charge premiums according
to a sliding scale, where an 18-year-old driver
will pay the highest premium and the premium loading
reduces over the years. If you want to know more
about how the premiums scale works call Budget Insurance
on 0860 25 25 46.
Why
does my premium increase every year even though
the value of my car is depreciating?
You are not only covered for the theft of your vehicle
but also for the repair of your vehicle. The cost
of repairing your vehicle and parts used increase
every year so your premium unfortunately has to
increase in line with these costs. Budget do however
take the depreciating value of your vehicle into
account when reviewing your premium.
Is
it true that my marital status can affect my premium?
Yes. We have found that married or co-habiting policy
holders pose a lower risk than single or divorced
people do. This is possibly because single people
often go out, on the road and leave their residences
left empty.
|