PS
Percival S

1 reviews | Active since Jul 2012

10 Dec 2015, 15:27

Insurance Premuim doubled within 1 YEAR

I just received an email from Budget Insurance of an Annual Policy Update which dated 25 November 2015 (today is 10/12/2015). I do not have any Home Insurance with Budget but yet they explain to me within the letter of the home insurance increase. I would've understand an increase of R50 or so, but double of which im paying at the moment? <br> Currently it is R851.01pm and excess of R3550 it is increased with R1593.27pm and excess of R4050. IS THAT REDICULOUS OR WHAT? I never claimed, i'm not a high risk driver and its an Hyundai IX35 2011 model (second owner). I'm exactly 1 year with Budget Insurance.<br> I contacted them and the guy who tried to reduced it couldn't and told me himself its crazy, he cant even reduce it with a R60.<br> Im definitely getting another Insurance.<br> <br> It's madness and please don't tell me its due to SA economy.

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Replies (1)
Budget Insurance
Budget Insurance's reply10 Dec 2015, 15:44
Official
Hello PKSwanepoel,

Thank you for your comments.

We have noted that you were in contact with our Customer Services Department where your annual increase was reviewed. Unfortunately we were not able to allocate any discount to your current premium.

Regards,

The Budget Insurance team