KM
Karabo M

1 reviews | Active since Oct 2020

18 Nov 2022, 11:15

Don't be fooled by the decreasing premiums

Expensive insurance they are! They pride themselves with their premiums that decrease monthly but when the policy renewal period comes they will hike the premium to a much more higher premium than the initial premium. I was paying R1800 with R6500 excess, come the policy renewal in 2021. Then this year they hiked my premium to R2500 with a R9500 premium. This is just rediculous, I am definatly cancelling my policy with them.

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Replies (1)
King Price Insurance
King Price Insurance's reply18 Nov 2022, 11:49
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 I 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