1 reviews | Active since Jul 2011
Why King Price isn't all that...
I left my previous insurer to join King Price with a new car. The previous insurer matched King Prices costs.<br> <br> I joined King Price due to the decreasing monthly premiums which sounded great. Don't be fooled by it though. Your annual premium will increase and the difference wont make up for the monthly decrease. Its a sales ****.<br> <br> Next, King Price requests that you declare your mileage. If you do not declare your mileage correctly they wont pay out. I declared that my mileage was 0-1000km per month (living close to work). After a few months I realized I did 1***km per month. King Price has increased my premium as I'm a higher risk.<br> <br> My point is, I like to travel to the coast during the festive seasons, this increase in total km's (3000km to CT and back) can mess up what you declared to King Price and leaving your claim at RISK. Even if you take a longer route home from work due to load shedding or traffic you can be at RISK.<br> <br> I suggest to anyone reading this to think twice. Their premiums are lower but its riskier to do business with King Price. We all know how much scrutiny a claim goes through before any insurance pays out, King Price adds a completely new layer!!!!
The good news is that you have not made a mistake by joining us and you have never been fooled. You were correct all along with the fact that the decreasing premiums are going to result in you paying a much lower premium than with your previous insurer. Let me explain, for 12 months your premium has decreased, this is a total of 78 times that your premium will be reduced because every month the amount with which the premium is decreased is added on top of the amounts the premium had already been reduced by I.e. (1+2+3+4+5+6+7+8+9+10+11+12 = 78). Please understand that there are a lot of factors that go into a premium increase. These include factors such as changes to your risk profile, claims history and inflation. The total premium after this increase at the end of the 12 month period is still much lower compared to what you would have paid with an insurer that has not decreased your premium monthly. With regard to the kilometres travelled we do take your average monthly distance travelled into account to determine the risk correctly, this has never been an issue and we have never rejected a claim because of false information pertaining to monthly average distance travelled.
The good news is that you have not made a mistake by joining us and you have never been fooled. You were correct all along with the fact that the decreasing premiums are going to result in you paying a much lower premium than with your previous insurer. Let me explain, for 12 months your premium has decreased, this is a total of 78 times that your premium will be reduced because every month the amount with which the premium is decreased is added on top of the amounts the premium had already been reduced by I.e. (1+2+3+4+5+6+7+8+9+10+11+12 = 78). Please understand that there are a lot of factors that go into a premium increase. These include factors such as changes to your risk profile, claims history and inflation. The total premium after this increase at the end of the 12 month period is still much lower compared to what you would have paid with an insurer that has not decreased your premium monthly. With regard to the kilometres travelled we do take your average monthly distance travelled into account to determine the risk correctly, this has never been an issue and we have never rejected a claim because of false information pertaining to monthly average distance travelled.