Third-Party Only Car Insurance
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Cash Back
Simply add the optional Cash Back Bonus to your Budget Insurance policy and if you remain claim free for two years, we’ll reward you by giving you money back. Our Cash Back Bonus is unique in the sense that you only have to wait two uninterrupted years to start receiving your rewards and you’ll keep on being rewarded until you put in a claim. Best of all only certain claims will reset your Cash Back Bonus clock.
Third-Party Only Car Insurance Benefits
Damage Cover
You’re covered if you’re held legally liable to pay for the damage your car does to another person’s property.
Increase your Cover
You can increase your insured amount if you need more cover.
Cash Back Bonus
Add Cash Back Bonus to your policy and get 15% of all your premiums paid, over the first two claim-free years
What Is Third-Party Only Car Insurance?
Budget Insurance’s Third-party Car Insurance is our most affordable and straightforward cover. It’s designed for drivers who want protection against costly claims from others but don’t need the extra cover that comes with comprehensive insurance.
This type of policy is ideal for cars that are already paid off, older models, or vehicles with a lower market value, the ones that reliably get you from A to B without all the bells and whistles. If repairing or replacing your own car out of pocket wouldn’t cause serious financial strain, Third-party Insurance could be the right choice for you.
How Third-party Insurance Works:
If you cause an accident, you can be held legally liable for the cost of repairing or replacing someone else’s property. Most often, that’s another person’s vehicle. In some cases, it could be other property, like walls, gates, fences, or street signs.
What’s Covered
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Damage to another person’s car.
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Damage to other property caused by your vehicle.
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Legal costs if the third party takes action against you.
What’s Not Covered
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Repairs or replacement for your own car.
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Your own medical expenses or injuries.
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Damage caused while driving under the influence or breaking other policy conditions.
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Wear and tear or mechanical breakdowns.
Here’s an example:
It’s the first rain of the season and the roads are especially slippery. You lose control of your car and accidentally drive into the boundary wall of someone’s house.
You’re liable to pay to repair their wall. However, because you did the damage to your car, you could claim on your Budget Third-Party Car Insurance.
You wouldn’t need to worry about how you’d afford to pay for all these repairs. We’d settle the bill for you! The only thing you need to pay for is the standard excess we implement on all 3rd Party Car Insurance claims. Get a car insurance quote with us online today!
Testimonials do not constitute financial advice
What Our Home Insurance Clients Say
Absolutely amazing service! Thank you to Eugene who helped the morning of the accident. Our claim was handled in record time, and you phoned exactly when you said you would. Thank you Budget. All your people are gems.
Annelize Faca
Other Car Insurance Products
This package comes with it all. Get cover for theft and hijacking, accidental damage, third-party liability, and loss.
More than just third-party only, you’re also covered if your car is damaged by fire, attempted theft, stolen, or hijacked.
It can be expensive to repair someone else’s car if you cause an accident. We’ll help you pay for it with Third-Party Only Car Insurance.
This is extra special Car Insurance made for smaller budgets. Get all of the essentials and none of the frills.
Your car can look as pristine as it did the day you bought it with Scratch & Dent insurance. Fix up all those nasty little scratches and chips with this product.
Damaged rims not only look bad, but they can be dangerous. Get them and your tyres fixed or replaced when they’re damaged by potholes.
Don’t sit with a shortfall on your finance when your car insurance pays out for theft or write-off. Cover it with Auto Top-Up.
If your car has an electrical or mechanical fault or failure, we’ll cover a portion of the costs to fix it.
Answering all your questions
Car Insurance Terms
Excess or deductible
This is your share of a claim that you must pay before your insurer contributes. For instance, if damage to another driver’s vehicle totals R20,000 and your excess is R2,000, you pay that amount and your insurer settles the remaining R18,000.
Property Damage Limit
This is the maximum amount your insurer will pay toward repairing or replacing another person’s property after an accident you caused. For example, if your cover limit is R1 million and the total claim is R900,000, you’re fully covered. If the amount is higher, you’ll need to pay the difference.
Bodily Injury Liability
If you injure someone in an accident and are legally held responsible, this cover helps pay for medical treatment, rehabilitation, or lost earnings. While the Road Accident Fund in South Africa handles some claims, this benefit offers an extra layer of protection in certain situations.
Legal Costs Cover
Some third-party policies also help with legal expenses if the other party takes legal action against you. This may include lawyer fees, court charges, and settlements, all within the limits of your policy.
Third Party Liability
This is the core benefit of Third-party Insurance. It provides financial protection if you’re found responsible for damaging someone else’s property, most often their car, or for causing them injury. While it doesn’t cover repairs to your own vehicle, it shields you from having to personally cover large repair bills or legal claims.
Exclusions:
These are situations where your insurer won’t provide cover. Common examples include driving under the influence, using your car for undeclared business purposes, or allowing an unlicensed person to drive it. Understanding exclusions helps you avoid claim disputes.