Absa Car Insurance Review 2022

Published by
Lethabo Ntsoane
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Absa is well-known for its excellent banking services, but little is known about its insurance offerings. This is because, in the past, Absa was primarily concerned with providing insurance products to its clients; but, today, anyone can subscribe to any of Absa’s insurance products. Absa is a regulated insurer with the Financial Sector Conduct Authority, and it offers a wide range of insurance products.

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The insurer’s automobile insurance solution is regarded as one of the most dependable on the South African market. The auto insurance solution is straightforward and includes perks that will save you money. Absa’s car insurance package is straightforward and promotes vehicle protection while saving the client money.

Absa Car Insurance Summary

Absa Car Insurance solution makes it simple to cover a vehicle. The solution provides competitive quotes, with premiums starting as low as R250.00. Absa Insurance Company gives consumers cost-effective prices and free expert assistance when they subscribe to their automobile insurance policy.

Absa Car Insurance Free Services

Customers can take advantage of freebies with car insurance solutions at any moment. The insurance solution includes a free home drive that is offered to all policyholders. A policyholder who opts for home drive receives a free trip home if they go out and are unable to drive themselves home. Each insurance can include up to six drivers. Another freebie to take advantage of is roadside help.

Roadside assistance is available to guarantee that policyholders are not slowed down by a roadside emergency. The free roadside help is provided 24 hours a day, seven days a week and can be arranged by phone. The Road Guard freebie is an intriguing freebie available to all policyholders. This freebie protects policyholders in the event of an emergency.

When an insured person has a breakdown in a risky place, Absa Insurance Assist dispatches an armed guard to assist them.

Absa Comprehensive Car insurance

Absa Comprehensive Car Insurance is a car insurance policy that protects against accidental, natural, and intentional damage to one’s vehicle or other people’s property. The insurance coverage covers a wide range of accidents and should be used as your primary car insurance policy. Fire, explosions, lightning, hail, storms, floods, and snow are all covered by comprehensive car insurance.

Natural occurrences span a wide range of topics. Theft and losses suffered during an attempted theft are also covered as things beyond one’s control. The cover also includes hijacking and attempted hijacking. Comprehensive car insurance also covers accidents. If one’s vehicle is involved in a car accident, Absa Insurance will pay the towing and storage costs. Comprehensive car insurance covers intentional activities that cause loss or damage.

However, activities committed by the policyholder, the regular driver of the vehicle, or members of the policyholder’s household are not covered as purposeful acts. Accidental damage can result in hospitalization; thus, Absa has included medical coverage for policyholders on the comprehensive insurance. Members of the policyholder’s household benefit from hospitalization expenditures as well. Medical expenses are regulated based on the amount of premiums paid each month. Clients are safeguarded from third-party property damage.

Comprehensive car insurance covers damage to third-party property. However, third-party loss coverage is only available if the main driver’s policyholder is legally obligated to compensate the third party.

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Benefits of the Absa Car Insurance

Absa Car insurance products come with benefits. By choosing to insure your vehicle with Absa, you get to have benefits that come for free. Benefits are immediately activated as soon as the selected car insurance product becomes active. 

Absa Car Insurance benefits are discussed below. 

Optional Car Hire

As a car insurance policyholder with Absa, you get an option to hire a car. Car hire for car insurance policyholders come at competitive rates and the car that is hired is also insured to protect you from incurring additional costs due to any unforeseen occurrences that may happen to the car.

Flat Excess Structure

The flat excess structure allows car insurance policyholders to have an excess cover on their motor vehicles. This feature allows you to choose the excess amount up front when taking out comprehensive car insurance. You will structure how much money will be paid towards the fixing of your vehicle if involved in an accident or on a claimable incident that cannot be covered in full. 

A flat Excess Structure is a structure that is set out to ensure that the correct amount is claimed for an excess cover. Excess cover covers the difference between the insurance payout amount and the shortfall of fixing a motor vehicle. 

Jump Start Service

Jumpstart service comes for free. As a car insurance policyholder, you are entitled to a free jump-start service that you can utilize at any time. The service is available for you 24/7 and isn’t only valid for roadside emergencies. Home assistance is also available for jump start assistance. 

Remote vehicle inspection

Vehicle inspection can be done on one’s private property. This feature saves policyholders time and money in moving their vehicle to a designated area for vehicle inspection. Rather, Absa sends experts to the client to conduct a vehicle inspection where necessary.

Advantages of Absa Car Insurance

  • There are benefits available that come at no additional premium.
  • The comprehensive cover offers coverage for many different occurrences at reasonable premiums.
  • Insurance products have free roadside assistance.

Disadvantages of Absa Car Insurance

  • Products such as third-party only car insurance and third-party, theft and fire insurance are not part of the Absa car insurance products offering.
  • There are no premium discounts.

Conclusion

Absa provides a car insurance policy that fulfills all of the requirements of comprehensive auto insurance. However, when it comes to their vehicle insurance products, Absa does not prioritize product differentiation. Because there are many car insurance clients, it is vital to provide single-purpose car insurance products, such as third-party-only car insurance, in the Absa car insurance products.

On the other hand, the advantages of opting for the Absa vehicle insurance package are numerous. Policyholders can enjoy a variety of benefits without having to pay an additional rand each month, which makes Absa Comprehensive Car Insurance appealing.

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Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted at lethabo@rateweb.co.za

Published by
Lethabo Ntsoane
Tags: ABSA