CM
Christiaan M
1 reviews | Active since Feb 2019
02 Mar 2021, 09:17
Yearly increase
LIANKA VENTER the Senior Consultant was an absolute delight to speak to and was doing her best to help me, But unfortunately with their yearly premium increase King price did not want to return my monthly Premium to what it was in 2020, same car, same driver, same address. inflation is the lowest it has been in 16 years, and the value of the vehicle has declined...
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King Price Insurance's replyOfficial
02 Mar 2021, 21:19Here'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.
King Price Insurance's reply02 Mar 2021, 21:19
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.