They are too expensive with their ever rising premiums

Good day Mveli,

Thank you for sharing your feedback. 

We understand your concern regarding premium increases, especially when the value of your vehicle decreases over time.

Premiums are reviewed based on a number of factors, which may include claims trends, repair costs, inflation, risk assessments, and changes within the insurance industry, and not solely the value of the insured vehicle.

We appreciate the opportunity to have assisted you and trust that the information provided has helped clarify your concerns.

Should you require any further assistance, please do not hesitate to reach out to us.

Kind regards,
The Budget Insurance Team.