JI
Josh I

1 reviews | Active since Nov 2018

05 Sept 2023, 10:10

King Price is a **** - beware

King Price Insurance prides itself on "monthly reductions" of premiums on your short-term insurance. If this is the case how is it possible that a car that depreciates annually, if not monthly, has increasing premiums? This is not the case with a single other insurance company and when you call them out on this they give you a bull**** excuse about inflation and the price of parts etc. This is a blatant lie and this is false advertising. Essentially what's being run by this company is a ****. I demand to speak to a senior member of staff regarding this otherwise there is no option but to take this further with the Consumer Council, Ombudsman, and mainstream social media. If anyone else has the same issue with King Price please contact me as I'd like to get a story on this.

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Replies (2)
King Price Insurance
King Price Insurance's reply05 Sept 2023, 10:53
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. We will be in contact to discuss.
King Price Insurance
King Price Insurance's reply05 Sept 2023, 10:55
Official
We are unable to trace any policy with the details you have provided this website. For further assistance please DM us your policy details.