AB
Akash B

1 reviews | Active since Feb 2016

10 Jan 2017, 14:19

Unfair premium

<p>Hi Outsurance</p> <p> </p> <p>I am a little dumb struck by the premium that I am currently paying for my 06 BMW 323i I have insured with Outsurance. When my car was initially insured the premium was around R570 however I am now paying over R800.</p> <p> </p> <p>Over time the value to the vehicle has dropped, however I am paying a higher premium for a vehicle that has dropped in value compared to when the car had a higher value.</p> <p> </p> <p>My other vehicle (07 BMW 335i) which is the same brand and series but a high spec model costs me R200 less, which is insured with another insurance house.</p> <p> </p> <p>If Outsurance are unable to provide me with a fair premium I will have to move my cover elsewhere.</p>

0
Replies (1)
OUTsurance
OUTsurance's reply11 Jan 2017, 12:18
Official

Thank you for bringing this matter to our attention. Cora our client care manager contacted you and sent the query to our actuarial department who was able to give you a better rate. You were happy with the new rate.

Regards, Kelvin