ABSA Car Insurance has capture a sizeable amount of insurance business from traditional insurers, not least because of the bank’s promise of quality, no frills insurance, but it also offers a compelling proposition when you consider that now you can combine both your banking and insurance under one provider. Good management of both of these is important to your financial well-being.
N.B. Your information is confidential, and will never be sold or rented to anyone. It is only used to provide you with the best possible insurance quote based on your personal criteria.
3rd Party Car Insurance from ABSA
Third Party coverage is important because you can be the one who is at fault in a car crash, and you will need to be protected in such an incident. If you cause an accident, injure someone or damage someone’s property, ABSA can pay for the claims that arise towards you and provide you with legal services if a lawsuit results from the claim.
3rd Party only coverage is very limited because only 3rd parties are covered and not your own vehicle, however, because of this is the cheapest possible insurance you can buy from ABSA or in fact any of the many car insurers that you can compare quotes from using CarInsuranceNow.co.za
3rd Party Collision, Theft and Fire Insurance
Collision insurance or Limited insurance coverage can help pay for damage to 3rd parties if your car hits another car or property. This coverage is generally required if your car is financed or leased.
Furthermore, your own vehicle will be insured against damage caused by fire and natural disasters, or if the vehicle is stolen or hijacked.
Total Loss Comprehensive Car Insurance
Total loss coverage for your car means that if you become involved in an accident, both your car and the other person’s car will be covered in such an incident. Also, because it is comprehensive, this insurance means you will also be covered for fire and explosion damage, theft, hijacking and break-ins in your vehicle.
Other Benefits for Insuring with ABSA
Medical payments insurance helps pay for medical expenses due to injuries resulting from the car accident. Both you and anyone else involved in the accident will be covered in this policy. Uninsured/underinsured motorist coverage can help pay for damages and medical costs resulting from an accident caused by someone who has no insurance or inadequate insurance coverage.
ABSA Car Insurance Contact Details
Customer Service: 0860 109 693
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ABSA braches out
ABSA bank has recently opened office in New York. This comes after it opened representative branches in London in September 2018 to better service its commercial clients interests who would typically be looking to invest in Africa. It’s unlikely that they would offer iDirect Car Insurance services from these international offices as the clientele are mostly international investment banking clients. This comes after ABSA’s seperation from Barclays earlier in 2019. The New York office is set to open late in December 2019 as it has only recently cleared US regulatory approval.