There are several types of car insurance policies but the three basic ones are basically the following this article we go through How much is Comprehensive car insurance in Zambia and cost of Comprehensive car insurance in Zambia.
Comprehensive car insurance
A comprehensive car insurance policy can help cover damage to your car from unavoidable unfortunate occurrences such as theft, fire or vandalism. If your car is bashed by an insured motorist, comprehensive cover covers all costs to be incurred in the repairing of the vehicle or the vehicle can be replaced if it is beyond repair, up to the amount it was bought for. However, in learning about cost of comprehensive car insurance, its important to know this insurance has a deductible – the amount you ought to pay yourself before your insurance company reimburses you for an insured claim.
Third-party car insurance
Third-party insurance protects the interests of the policyholder against damage caused by the policyholder to property or private persons.
It can be argued that third-party insurance helps reduce the risk and liability of the policyholder in a number of situations. Further, this type of insurance cover is ideal and recommended for cheap and old vehicles that cost less to repair.
The preliminary step in understanding how third-party insurance operates is by understanding the terminologies used. Some of the commonly used terms related to third-party coverage are:
First-party refers to the owner of a vehicle who has purchased an insurance policy.
Second-party refers insurance company where the owner of the vehicle purchases an insurance cover.
Third-party refers to the plaintiff for damages caused by the first party.
If the policyholder is involved in an accident involving a third party, the policyholder is responsible for any damage or injury. In the event of an accident, the policyholder must notify the insurance company as early as possible and inform them of the facts.
Full Third-party and theft insurance
This coverage provides the same compensation benefits for any legal liability for damage you cause to someone else’s property, as well as legal liability for personal injury or death caused by your car to someone else. However, this insurance also covers damage caused by fire to your own vehicle and theft of your car. This is a budget plan for cost of comprehensive car insurance that allows multiple people to get the partial benefits of the full package for less money than the comprehensive insurance plan.
The cost of car insurance in Zambia
There is no fixed cost for car insurance. The amount an individual needs to pay for car insurance is dependent on the value of the car that needs insurance as well as the type of insurance that a car owner opts to go for whether it is comprehensive, third-party, or full third-party car insurance. Therefore, the cost will not be the same.
How to find out the cost of car insurance
There are a number of ways in which car owners can find out how much they would need to pay for insurance for their vehicles which include the following;
Social media
Most insurance companies in Zambia have social media accounts that respond to inquiries from their customers and prospective customers and vehicle owners can utilize social media platforms to inquire about how much it would cost to insure their vehicles.
Calling
Insurance companies have customer service centers that pick calls from people with different queries and inquiries. Car owners can take advantage of the phone numbers that insurance companies give and call to find out about the costs relating to insurance.
Another way to get in touch with insurance companies is by reaching them via email through the email addresses which they provide via social media platforms and their respective websites.
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