LN
Luan N
1 reviews | Active since May 2022
23 May 2022, 13:36
Decreasing premium?
I have been with them for a year....service is good when asking for road side assistance...they claim your premium does decrease that is true but with a few cents every month to find out that my premium dropped with not even R1 in the year being with them...then all of a sudden i get a email that my premium will have its annual increase....i paid R239 as im only 19 and its a 125cc motorcycle...it went up to R339...so is it really a decreasing premium?...
Helpful (0)
Replies (1)0
Replies (1)
King Price Insurance's replyOfficial
24 May 2022, 08:39Here's the thing, like all insurers, we too need to implement policy rerates to keep up the rising costs of parts, labour rates, repairs, inflation etc... Which even we can't ignore!
These costs aren't linked to the value of your car, which as you know, depreciates monthly. And unlike other insurers, King Price takes this into account and DECREASES your comprehensive car insurance premium every month.
But you know we do our best to save you as much money as possible.... So we have sent a copy of your message on to our Client Care division, who will be in touch shortly to discuss your policy.
Royal regards,
The king and his court
King Price Insurance's reply24 May 2022, 08:39
Official
Here's the thing, like all insurers, we too need to implement policy rerates to keep up the rising costs of parts, labour rates, repairs, inflation etc... Which even we can't ignore!
These costs aren't linked to the value of your car, which as you know, depreciates monthly. And unlike other insurers, King Price takes this into account and DECREASES your comprehensive car insurance premium every month.
But you know we do our best to save you as much money as possible.... So we have sent a copy of your message on to our Client Care division, who will be in touch shortly to discuss your policy.
Royal regards,
The king and his court