King price premiums do not go down, don't be fooled.

Item: King Price Insurance
Rating: 1
Author: Nadeem P

King price is just one big marketing ****. They promise you that your premiums go down every month but subject you to an "annual increase" each year that more than covers up for those few Rands they drop each month. Nobody ever tells you at the onset that you will have an annual increase , all they drive in their pitch is how your premiums will always go down. Further to that, why should we pay an increase in premiums for a vehicle that has decreased in value? Blows my mind, really. Rather disappointing.

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Replies (1)

King Price Insurance's replyOfficial

25 May 2021, 14:33

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 we 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

King Price Insurance's reply25 May 2021, 14:33

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!

But you know we do our best to save you as much money as possible.... So we 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