GK
Gerhard K
1 reviews | Active since Dec 2021
07 Dec 2021, 21:15
Unfair annual increase
I've been paying roughly R600 per month with the Chilli cover, driving just over 1000km's per month. All of a sudden I receive a letter to say my premium will increase to R1140 per month from 1 January 2022. How do you calculate that? I haven't even claimed anything while being with King Price!
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Replies (1)King Price Insurance's replyOfficial
08 Dec 2021, 15:59Here'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. But you know we do our best to save you as much money as possible.... So we have sent a copy of your message on to our Client Care division, who will be in touch shortly to discuss your policy.
King Price Insurance's reply08 Dec 2021, 15:59
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. But you know we do our best to save you as much money as possible.... So we have sent a copy of your message on to our Client Care division, who will be in touch shortly to discuss your policy.
