LN
Lwazi N

1 reviews | Active since Feb 2014

03 Aug 2017, 15:45

MONTHLY PREMIUMS INCREASED BY R217.13 AND ACCESS INCREASED BY R3000!!!

<p>The whole thing about King Price premiums decreasing each month is just a **** to get customers, I received an email yesterday notifying me my that my monthly premiums have increased by R217.13 and my access has increased from R1500 to R4500. This comes after I received an SMS from King Price on 14th of July with some supposedly great news that my premiums had decreased by +/- R387.29. So which means annually my premiums have decreased by that R387.29 and increased by R2605.56 (R217.13 pm x 12), which does not make sense at all and worse they've increased my access by R3000. This whole thing with King Price looks like a **** and I am currently getting quotations from other insurers because I cannot afford to pay such high premiums and access for a 2013 car. </p>

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Replies (1)
King Price Insurance
King Price Insurance's reply08 Aug 2017, 11:59
Official

Here's the thing, like all insurers, we too need to implement policy re rates to keep up the rising costs of parts and repairs... 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.

Yolandi from our retentions department was in contact with you to discuss your concerns, should you require any further info please do not hesitate to contact.

Royal regards

The kings court