Why comprehensive motor insurance? – 16.11.10

Why comprehensive motor insurance?

Given the very small size of the Maltese islands, car ownership is exceedingly high. Our roads are overburdened – not to mention in a sorry state – and obviously risks run high. During the first half of 2010, the number of reported traffic accidents reached a total of 7,140 – an average of 39 accidents per day!

Food for thought:

  • In 1990: The number of registered cars amounted to 182,254 – an automobile density of 582 per km².
  • By 2009: Our country had the 5th highest number of vehicles per capita in the world, with 607 motor vehicles per 1,000 inhabitants compared with an EU average of 472 per 1000 inhabitants.
  • In 2010: In the first quarter there were over 300,000 licensed motor vehicles and by the end of the 3rd quarter the number of car on the road rose again to reach 303,761.

A false sense of security can be created when modifying insurance coverage as a means of economising – keep in mind that repair costs can exceed thousands of euros and without sufficient coverage, you may have to shoulder the financial burden of bills to repair or replace your damaged car. Although the price of a comprehensive cover is moderately higher than a standard cover, one needs to weigh out the price difference involved at this point.

If you wish to obtain the maximum cover for your car, our Comprehensive policy will provide you with cover for damage to your own car – this includes malicious damage to the vehicle, hit and run and also damage caused by floods (click on the following link to view how extensive the damage caused by floods can be – http://www.timesofmalta.com/articles/view/20101025/local/cars-carried-by-floodwater-in-qormi) The policy also provides cover for accidental damage to windscreens, a personal accident benefit to you and your family as a result of an accident involving your car and a replacement vehicle while your car is being repaired. For further information on our motor product kindly click here.

Contact us for a no obligations quotation and we will provide you with security and peace of mind!