10 Steps to Buying Auto Insurance in Ghana
So you have managed to acquire a vehicle. Congratulations. You must no doubt be eager to get it on the road and see what it can do. But not so fast – there are regulations in Ghana that must be met if you want to use a vehicle on Ghana’s roads. You must have a valid drivers license, the vehicle must be registered and be certified road-worthy. Finally, you must, have auto insurance for your vehicle.
This post will present a simple 10-step approach to meeting the requirement of having auto insurance in Ghana.
- The first step is to have an idea of what budget you are working with. Start by looking at how much you spend in general and then identify a rough figure of how much you can spend on auto insurance without reducing your ability to meet other expenses.
- Do a risk assessment of your vehicle use. Will you be prone to accidents? What is the average distance you travel? How good are the roads? How experienced of a driver are you? All these contribute to how much risk is associated with your vehicle use and how much you can expect to pay for insurance.
- Consider what kind of insurance policy you are looking for. Do you want one which covers just a third-party in an accident or one which will cover the value of the vehicle itself?
- Related to point (3) is the cost-benefit analysis of coverage which you have to do. Is your car so valuable that paying a hefty sum for auto insurance is worth it? Or is your car worth so little that taking the cheapest insurance available makes more sense?
- Now that you have considered these important issues, the next step is to visit com and head over to the auto insurance segment.
- Fill in the form which appears which would require details of your vehicle such as the car type, the value, the mileage, seating capacity of the car and others. Submit the form when you are done filling.
- After you receive your quote from GhanaCompares.com. You must analyse the policies, their requirements and their premiums based on the criteria which you should have already identified.
- After you have decided on which policy best suits you out of the ones you have reviewed, you should make sure you understand all the terms of the policy involved. This is to ensure that you do not get caught in a situation where you need to make a claim and then you will be unable to do so because of a condition which you did not identify before signing on to the policy.
- Present your vehicle documents to the insurance company that you choose as proof of ownership and then fill out any documents that you need to fill as part of the application for the policy.
- Finally, collect your policy documents and put the sticker which proves that the car is insured on your car. Congratulations.
Hopefully, this article has been beneficial to your quest to get auto insurance. Good luck!
GhanaCompares Blog Team
