AM
AM M
1 reviews | Active since Apr 2017
29 Dec 2021, 14:29
Unauthorised Premium Increases (More than 100%)
My premiums increased by 30% a few months ago. From R700 odd rand, the debit order rose to over R1,000 Now in December 2021 I received further increase to R1,655.90
This is more than 100% worth of increases in the last few months. Not acceptable, kindly cancel with immediate effect and expect a return on the next debit order
FYI, Alternative quotes received from reputable companies have been between R750 and R1000
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King Price Insurance's replyOfficial
05 Jan 2022, 07:40Hi Aslam, Here's the thing, like all insurers, we too need to implement policy rerates to keep up the rising costs or 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.
King Price Insurance's reply05 Jan 2022, 07:40
Official
Hi Aslam, Here's the thing, like all insurers, we too need to implement policy rerates to keep up the rising costs or 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.