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Charl N
1 reviews | Active since Apr 2013
20 Jun 2023, 15:33
Payment Increase by 60%
Just got a letter saying they're increasing my monthly payment by 60% on my personal vehicle. Haven't had any serious claims.
They reel you in, and then increase the payment ' by 60%!! Ethically and morally ******* company.
At least I can say my bussiness is also insured with Kingprice..... at least I can then return favour.
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Replies (2)0
Replies (2)
King Price Insurance's replyOfficial
21 Jun 2023, 09:49Here'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 broker 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 broker team will be in contact to discuss.
King Price Insurance's reply21 Jun 2023, 09:49
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 broker 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 broker team will be in contact to discuss.
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Charl N's updateReviewer Update
21 Jun 2023, 13:01I must start with an apology. The 60% increase that I originally mentioned is wrong. My premium increased from R908 to R1598.... YES, 76%!!!! Costs of car parts did not increase by 76%. Download reports from any reputable parts Index publisher. My premiums never ever decreased because I did not opt for that option. I already found a new insurer, with the same benefits as my current KP policy. The rate is under R1000. "
Anyway - cheers, KP will never see me again. Hope their building burns down because of a lightning strike.
Anyway - cheers, KP will never see me again. Hope their building burns down because of a lightning strike.
CN
Charl N's update21 Jun 2023, 13:01
Reviewer Update
I must start with an apology. The 60% increase that I originally mentioned is wrong. My premium increased from R908 to R1598.... YES, 76%!!!! Costs of car parts did not increase by 76%. Download reports from any reputable parts Index publisher. My premiums never ever decreased because I did not opt for that option. I already found a new insurer, with the same benefits as my current KP policy. The rate is under R1000. "
Anyway - cheers, KP will never see me again. Hope their building burns down because of a lightning strike.
Anyway - cheers, KP will never see me again. Hope their building burns down because of a lightning strike.