Over 65% of vehicles believed to be uninsured in South Africa

voyageAccording to a recent study established by the Automobile Association of South Africa, around 65 to 70% of the country’s 8 million licensed vehicles are not insured. 800 thousand vehicles are involved in road accidents yearly, 520 thousand of which are not insured. About 30% of vehicle owners are not insured due to the high cost of motor insurance premiums.

Insurers eagerly await the implementation of compulsory motor third party liability insurance in order to reduce insurance tariffs.

For the record, South Africa is one of the few countries in the world does not impose a motor third party liability insurance.

Read also | South African insurance industry

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