King Price
<div>Six months ago had an increase on my premium. I questioned it, it was resolved. This month another "annual" increase notification from King Price. Don't believe the King Price story of decreasing premiums. They will decrease it by R8 per month and slap you with an "annual" increase of R350. An insurer that lies about the small things will not be reliable when it comes to something big, like a claim. </div>
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King Price Insurance's replyOfficial
24 Mar 2021, 11:12Here'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. Our retentions department will be in contact to discuss.
King Price Insurance's reply24 Mar 2021, 11:12
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. Our retentions department will be in contact to discuss.
's updateReviewer Update
24 Mar 2021, 11:18Really? 40% plus increase on parts. Even with covid-19 inflation isn't at 40%. Stop lying to people. You decrease their premium with a small amount only to recover that with your "annual" increase. Plus some extra, the cat is out of the bag. You lie...
's update24 Mar 2021, 11:18
Reviewer Update
Really? 40% plus increase on parts. Even with covid-19 inflation isn't at 40%. Stop lying to people. You decrease their premium with a small amount only to recover that with your "annual" increase. Plus some extra, the cat is out of the bag. You lie...