GG
Gino G

1 reviews | Active since Nov 2011

24 Apr 2026, 13:28

Premium increase 2 months before yearly increase

Having been a new client with your company, today I received a letter stating price adjustment will take place effective 1st June 2026. To be clear I am fine with the price adjustment taking place 1 June 2026, however when logging into my profile it seems you have already added my adjusted premium for collection in April 2026. I need you guys to fix this ASAP as you will not be charging me an increased premium 2 months ahead of schedule.

0
Replies (1)
Budget Insurance
Budget Insurance's reply24 Apr 2026, 13:33
Official
Good day Gino,

We appreciate you confirming that you are comfortable with the price adjustment effective 1 June 2026. 

Please be assured that you will not be charged the increased premium ahead of this effective date. While your online profile currently reflects the adjusted premium amount, this is a system update in preparation for the upcoming change. 

The actual deduction of the increased premium will only take place at the end of May 2026, which is the collection for June 2026, in line with the communication you received.

Kind Regards,
The Budget Team.