GM
Grant M
1 reviews | Active since Oct 2024
27 Jan 2025, 16:29
King Price ridiculous premium increase.
Each year when I get my policy review notice, the premium increase has always been 200 to 400%, and I have always phoned to get it reduced to a more realistic increase. This has worked nicely for several years. This year, my premium was going to increase from R418 to R1244. So, as usual, I phone retentions to get it reduced. Despite nothing changing on my risk profile and making no claims, they only managed to get it down to R1049, which is an increase of around 255%. Who, in their right mind can even consider premium increases like this when the increase should be close to an inflationary percentage.
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King Price Insurance's replyOfficial
28 Jan 2025, 08:09Here'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!
Our retentions team will be in contact to discuss your concerns and the way forward.
Our retentions team will be in contact to discuss your concerns and the way forward.
King Price Insurance's reply28 Jan 2025, 08:09
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!
Our retentions team will be in contact to discuss your concerns and the way forward.
Our retentions team will be in contact to discuss your concerns and the way forward.