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Andile M
1 reviews | Active since Nov 2015
25 Mar 2021, 11:43
Decreasing Premium Lie
Though the better insurer thus far, please take note that the statement that the premiums get decreased is true until you are due for their annual policy schedule review. My premiums just got increased by about R500 and that was attributed by a lot of factors such as inflation. The sales personnel do not mention such upon signing up with the insurer.
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Replies (2)
King Price Insurance's replyOfficial
25 Mar 2021, 14:46Here'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.
King Price Insurance's reply25 Mar 2021, 14:46
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.
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Andile M's updateReviewer Update
25 Mar 2021, 17:32I am yet to analyze if the monthly premium decreases are compensated by the annual policy review, given that I stay longer for that analysis. It just appears as a great strategy, however this is really not initially declared by the sales consultants
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Andile M's update25 Mar 2021, 17:32
Reviewer Update
I am yet to analyze if the monthly premium decreases are compensated by the annual policy review, given that I stay longer for that analysis. It just appears as a great strategy, however this is really not initially declared by the sales consultants