Modern cars have sophisticated technology that enhances your comfort, your car’s performance and fuel efficiency. Behind their sleek design and modern features lies a challenge for car owners: Unexpected car repairs that cost a fortune. If you’re not prepared, car repair bills can quickly become a financial nightmare.
In this article, we explore some of the factors that drive up the costs of car repairs in South Africa and the challenges faced by car owners, like you.
Factors driving up car repair costs
Car repairs are becoming more expensive in South Africa. There are several reasons why. Knowing these reasons can help you better understand and manage these costs in a budget-friendly way.
Advanced technology
Modern cars have various advanced technologies that enhance your car’s performance, safety, and convenience. While this technology makes your driving experience better, it also means that repairs are more complex and time-consuming. If you own a modern car with all the bells and whistles, you can expect to pay a hefty fee when something goes wrong.
Increased prices of spare parts
The cost of spare parts has been steadily increasing. This is driven by a variety of circumstances. These include higher manufacturing costs and global supply chain disruptions. Some modern cars often require parts that are either imported or made with special materials. Additionally, using original equipment manufacturer (OEM) parts rather than aftermarket alternatives is often more expensive, but you’d rather be on the safe side, than risk using inferior parts that can cause even further failures.
Inflation and economic factors
Inflation affects the price of everything in our lives. Your groceries, the petrol price, and your car repairs costs increase as inflation grows. Car repair shops are faced with increased utility costs, and rising prices for tools and equipment. All these increased costs are passed on to car owners through higher repair bills.
How Bidvest Insurance’s products help reduce car repair costs
Our Car Insurance products help you save you money in situations you can’t predict. Here’s how Bidvest Insurance helps you reduce car repair costs:
Cover for electrical and mechanical breakdowns
Did you know that a new gearbox could set you back more than R40,000?
A Motor Warranty from Bidvest Insurance gives you cover for electrical and mechanical breakdowns. Our Warranty protects car owners, like you, against costly repairs caused by engine malfunctions, electrical system failures, and other mechanical and electrical issues. By covering parts and labour costs, Bidvest Insurance protects you from unexpected car repair costs.
Replacing damaged tyres
New tyres are expensive. How would your wallet feel if you had to fork out an additional R4,000 after just replacing all 4 of your tyres? Why? Because you hit a pothole, damaged your tyre and ruined your morning trip to work.
No matter how well you drive on South African roads, you’re bound to hit a pothole that can damage your tyres. Avoiding unexpected, expensive repair bills is easy with Tyre Insurance. Tyre Insurance from Bidvest Insurance protects you from the high costs of replacing damaged tyres caused by potholes and other accidental damage. You’re covered for tyre repair and tyre replacement services, ensuring that you are not left to fork out cash to pay for unexpected tyre repairs.
Fixing minor scratches and dents
You get back to your car after doing your weekly grocery shop at your favourite supermarket, only to find a small scratch on your car. Was it a rogue trolley, or another inconsiderate driver? You’ll never know, but it’s going to cost you money.
Scratch and Dent Insurance protects your wallet from the cost of repairing minor scratches and dents. Whether it’s a stray shopping trolley, or an inconsiderate driver carelessly opening their car door, even a small scratch or dent can lead to costly repairs. Our Scratch and Dent Insurance helps you maintain your car’s showroom shine and resale value, while protecting your budget.
You don’t have to face costly car repair bills alone. Bidvest Insurance offers comprehensive solutions to help you manage and reduce unexpected repair costs. Our Motor Warranty, Tyre Insurance, and Scratch and Dent Insurance products are designed to protect you from financial strain and ensure that your car remains in top condition, without breaking the bank.
Take control of your car repair bills today. Complete the form below, and one of our consultants will call you back.
