Santam has released the results of a new survey based on the attitudes of South African drivers\u00a0towards their vehicles.<\/p>\n
The survey\u00a0was sent to a sample of more than 1,900 South African car owners with insurance policies, and was aimed at providing Santam with means to better understand driver behaviour.<\/p>\n
Asked how they would cope if their car was written off or stolen, 40% of respondents indicated that they were in a position to purchase another vehicle, <\/strong>whereas 37% would not be able to go about their normal daily lives.<\/p>\n Almost two-thirds of respondents said that they considered themselves to be \u201cvery or extremely attached\u201d to their vehicle, and four in ten drivers have given their vehicle a name, meaning they have a very personal and somewhat emotional relationship with their cars.<\/p>\n Over one-third (37%) indicated they would be \u201cunable to function\u201d without it, when it comes to the prospect of losing their vehicle, either as a result of a theft or write-off.<\/p>\n How much your car is worth<\/strong><\/p>\n The survey further showed that when asked whether they knew the current monetary value of their vehicle, nearly half (45%) did not know this amount, even though the majority (58%) of the participants had read their insurance policy in the last six months.<\/p>\n However, when it came to the settlement car owners would be willing to receive if their vehicle was stolen, nearly half (48%) expected the full amount for which the vehicle was insured.<\/p>\n Other settlement amounts that drivers would be willing to receive were \u201cthe market value the car was insured for” (29%) and “a similar \u2018replacement vehicle” (23%).<\/p>\n Other data published in the survey includes:<\/p>\n\n
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