KG
Keegan G
1 reviews | Active since Aug 2018
03 Aug 2023, 20:21
King Price - Annual renewal increase of 60%
After years of holding a policy - this year I was hit with a 60% increase on my policy schedule. Contacted customer care and after a day, I was called back to say that the increase was deemed reasonable due to my risk score. This wasn't the first time! Previously, they had a policy called "Chilly Cover" but after a year, they doubled my premium causing me to switch to compressive cover - although more expensive but less than the chilly cover
Their Moto is that your premiums decrease ? Maybe by a few Rands but make it up with their annual increases.
Definitely would not recommend!
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King Price Insurance's replyOfficial
04 Aug 2023, 08:16Here'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 client care team will be in contact to discuss.
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 client care team will be in contact to discuss.
King Price Insurance's reply04 Aug 2023, 08:16
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 client care team will be in contact to discuss.
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 client care team will be in contact to discuss.