Compulsory third party insurance essential to reduce overall insurance premiums
12 February 2014
Research from the South African Insurance Association (SAIA), which is currently in consultation with the government to reinstate compulsory third party insurance, has shown that the number of uninsured vehicles on the roads is around 70%, with this number growing year-on-year. In light of these alarming statistics, it is imperative that compulsory third party insurance is brought back in the country in order to help reduce motor insurance premiums for all.