GM
Gilbert M

1 reviews | Active since Feb 2014

21 Mar 2017, 08:02

Increased Premiums - Decreased car value

<p>I'm not an expert on car insurance but it makes sense to me that each year the car value drops and I checked with Transunion which confirms that my car value did drop but surprisingly my OUTsurance premiums went up by approximately R200. </p> <p>I'm left considering other insurers,with everything going up my car insurance shouldnt be one of them</p>

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Replies (1)
OUTsurance
OUTsurance's reply24 Mar 2017, 13:48
Official

Hi Gilbert,

Thank you for notifying us. The value of a vehicle does depreciate however the cost of spare parts and labor increases. Mapula our client care manager contacted you and was able to give you a better deal.

Regards, Kelvin