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Tanya V
1 reviews | Active since Jul 2016
27 May 2019, 14:42
Premiums decrease montly BUT Increase annually what a joke!!!
King Price Insurance advertise "PREMIUMS THAT DECREASED MONTHLY. PAY LESS EACH MONTH" But they increase your premiums annually!!!!!!!!!!!!!!! The Multiple car discount they offer decreased and both vehicles increased. We did not claim for the year. I fail to understand how they offer decreased monthly premium but increases annually. I will move my insurance TODAY
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King Price Insurance's replyOfficial
28 May 2019, 16:27Our comprehensive car insurance premiums decrease monthly, in line with the depreciating value of your car. (Which is fair and logical, right?) But unfortunately as with most insurers, there are some things that not even the king can control, like inflation, increases in labour rates, and part price increases, which means that we have to adjust premiums annually. Once we’ve accounted for these gremlins, premiums continue to decrease monthly… So that your car is always insured for what it's worth and your monthly premium always reflects your car's value. We have sent your details to our retentions department and one of our team members will be in contact shortly to discuss.
King Price Insurance's reply28 May 2019, 16:27
Official
Our comprehensive car insurance premiums decrease monthly, in line with the depreciating value of your car. (Which is fair and logical, right?) But unfortunately as with most insurers, there are some things that not even the king can control, like inflation, increases in labour rates, and part price increases, which means that we have to adjust premiums annually. Once we’ve accounted for these gremlins, premiums continue to decrease monthly… So that your car is always insured for what it's worth and your monthly premium always reflects your car's value. We have sent your details to our retentions department and one of our team members will be in contact shortly to discuss.