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Tony E
1 reviews | Active since Dec 2011
01 Dec 2023, 14:04
King Price .... Royal Theft
Been with King Price for may years and have 2 vehicles insured with them. Got my yearly increase notice today. A 60% increase in my premium and I'm told it's inflation, my profile, my claims... So I claimed for hail damage to vehicles that were parked under a carport but were still damaged. One is 18 years old, the other 10. My question, if these vehicles get replaced, KP will only pay me a fraction of what it would cost to replace. Absolutely ***********.
Then retentions offer me 40% instead of 60%... Seems KP has followed the govt in sc***ing the every people that pay on time and don't abuse the system. Sorry, but after all these years, you can shove your insurance
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King Price Insurance's replyOfficial
01 Dec 2023, 14:24Here'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 retentions 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 retentions team will be in contact to discuss.
King Price Insurance's reply01 Dec 2023, 14:24
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 retentions 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 retentions team will be in contact to discuss.