King Price Car Insurance: Affordable and Decreasing Premiums in South Africa | Reviews
In the realm of car insurance in South Africa, a standout contender has emerged: King Price Car Insurance. This innovative insurance company, renowned for its unique decreasing premium model, has revolutionised how South Africans think about car insurance. In this comprehensive guide, we delve into what makes King Price not just different, but arguably one of the best choices for car insurance in South Africa.
What is King Price Car Insurance in South Africa?
In a market flooded with numerous insurance providers, King Price distinguishes itself with a blend of affordability and quality coverage. The company, a relatively new entrant in the South African insurance landscape, has rapidly gained popularity. But what exactly is King Price Car Insurance, and why has it become a household name?
King Price Car Insurance is not just another insurance provider. It's a company that believes in fair pricing aligned with the depreciating value of your vehicle. The moment you drive your car off the dealership floor, its value starts to drop. King Price's unique selling proposition is that your insurance premiums should decrease correspondingly, a philosophy that's both logical and customer-centric.
Who Owns King Price Insurance?
At the helm of King Price is its innovative founder and CEO, Gideon Galloway, who envisioned an insurance company that could disrupt the norm. Backed by the reinsurance giant, Munich RE, King Price has the financial stability and backing to reassure its customers of its solidity and reliability.
Is King Price Car Insurance Good?
When evaluating an insurance company, the key factors to consider are its financial stability, customer service quality, and claim payout efficiency. King Price excels in these areas, making it not just a good choice, but a great one for South Africans seeking reliable car insurance. Their commitment to decreasing premiums, alongside a reputation for excellent customer service and efficient claims processing, sets them apart in a competitive market.
Benefits of King Price Car Insurance
King Price Car Insurance isn't just about affordable premiums; it's a package of multiple benefits tailored to meet the diverse needs of South African drivers. Here's what sets King Price apart:
- Decreasing Premiums: As a King Price policyholder, you experience a decrease in your premiums monthly. This aligns with the depreciating value of your car, ensuring you're not overpaying for insurance.
- Comprehensive Cover: Despite the lower costs, there's no compromise on the scope of coverage. King Price provides comprehensive protection against accidents, theft, and third-party liabilities.
- Excellent Customer Service: Known for its customer-centric approach, King Price ensures that every interaction, be it query resolution or claim processing, is handled efficiently and empathetically.
- Efficient Claims Process: The simplicity and speed of the claims process at King Price are commendable. They understand the urgency and stress involved in such situations and strive to provide quick resolutions.
King Price Car Insurance Covers
King Price offers a spectrum of coverage options to suit different preferences and needs. Let's explore these in detail:
Third Party, Fire & Theft Car Insurance: Ideal for those seeking protection against theft, hijacking, and fire, besides covering liabilities to third parties.
- Covered: Legal liability, theft or hi-jacking, attempted theft or hi-jacking, fire.
- Not Covered: Driving under the influence, leaving the scene of an accident, racing or using the car to earn an income, selling your car, unroadworthy car, intentional loss or damage, unauthorized use of your car, accident, roadside assistance, accident assistance, hail damage, towing and storage, explosion or earthquake, storm, flood, freezing or snow.
Third Party Only: This basic cover is for drivers looking to insure against any damage they might cause to other people's property.
- Covered: Legal liability.
- Not Covered: Driving under the influence, leaving the scene of an accident, racing or using the car to earn an income, selling your car, unroadworthy car, intentional loss or damage, unauthorized use of your car, accident, roadside assistance, accident assistance, hail damage, towing and storage, theft or hi-jacking, attempted theft or hi-jacking, fire, explosion, earthquake, storm, flood, freezing or snow.
Collectable Car Insurance: Tailored for classic and high-value cars, this insurance offers comprehensive coverage, including accidents and third-party liabilities. Unique is its 'pay per kilometre' system, reducing costs for less frequent drivers.
- Covered: Roadside assistance, accident assistance, hail damage, towing and storage, legal liability, accident, theft or hi-jacking, attempted theft or hi-jacking, fire, explosion or earthquake, storm, flood, freezing or snow.
- Not Covered: Driving under the influence, leaving the scene of an accident, racing or using the car to earn an income, selling your car, unroadworthy car, intentional loss or damage, unauthorized use of your car.
Comprehensive Car Insurance: The most inclusive option, covering accident damage, theft, and hi-jacking, plus the 'small oopsies' that might occur to other cars or property.
- Covered: Roadside assistance, accident assistance, hail damage, towing and storage, legal liability, accident, theft or hi-jacking, attempted theft or hi-jacking, fire, explosion or earthquake, storm, flood, freezing or snow.
- Not Covered: Driving under the influence, leaving the scene of an accident, racing or using the car to earn an income, selling your car, unroadworthy car, intentional loss or damage, unauthorized use of your car.
Agreed Value: It keeps the insured value of your car constant for three years, irrespective of depreciation.
- Covered: Roadside assistance, accident assistance, hail damage, towing and storage, legal liability, accident, theft or hi-jacking, attempted theft or hi-jacking, fire, explosion or earthquake, storm, flood, freezing or snow.
- Not Covered: Driving under the influence, leaving the scene of an accident, racing or using the car to earn an income, selling your car, unroadworthy car, intentional loss or damage, unauthorized use of your car.
Find the best insurance of South Africa
King Price - Car Insurance
- Choose the excess that best suits your budget.
- Save up to 20% when you cover 2+ cars with us.
- Emergency assistance 24/7, for when you need to be rescued.
- Shortfall cover: for complete peace of mind when your car is financed.
- Choose the excess that best suits your budget. - Save up to 20% when you cover 2+ cars with us.
Quote nowTheft and Write-Off: This covers the total loss of your car - be it fom being written off, stolen, or hijacked and not recovered.
- Covered: Accident assistance, towing and storage, legal liability, accident, theft or hi-jacking, attempted theft or hi-jacking, fire, explosion or earthquake, storm, flood, freezing or snow.
- Not Covered: Hail damage, roadside assistance, driving under the influence, leaving the scene of an accident, racing or using the car to earn an income, selling your car, unroadworthy car, intentional loss or damage, unauthorized use of your car.
Comparative Table: King Price Car Insurance Coverages
| Coverage Features | Comprehensive Insurance | Third Party, Fire and Theft | Third Party Only |
|---|---|---|---|
| Roadside Assistance | Covered | Not Covered | Not Covered |
| Accident Assistance | Covered | Not Covered | Not Covered |
| Hail Damage | Covered | Not Covered | Not Covered |
| Towing and Storage | Covered | Not Covered | Not Covered |
| Legal Liability | Covered | Covered | Covered |
| Accident | Covered | Not Covered | Not Covered |
| Theft or Hi-Jacking | Covered | Covered | Not Covered |
| Attempted Theft or Hi-Jacking | Covered | Covered | Not Covered |
| Fire, Explosion or Earthquake | Covered | Covered | Not Covered |
| Storm, Flood, Freezing or Snow | Covered | Not Covered | Not Covered |
| Exclusions (e.g., Driving Under Influence, Unroadworthy Car, etc.) | All Excluded | All Excluded | All Excluded |
How Does King Price Cover Work?
Understanding how your car insurance works is crucial. At King Price, they've tailored their policies to reflect the reality of car ownership. Here's the essence of their approach:
- Depreciating Value Consideration: King Price recognises that a car's value decreases over time. Hence, they adjust your premiums accordingly, ensuring you're paying a fair price each month.
- Customised Policies: Depending on your needs, King Price offers various coverage options, from basic third-party only to comprehensive plans. Each policy is designed to provide optimal protection for your specific situation.
Understanding the Excess in King Price Insurance
Excess is a key term in car insurance, representing the amount you pay out of pocket when making a claim. Here's how it works with King Price:
- Fixed Excess: This amount is predetermined and outlined in your policy. It remains constant, providing clarity and predictability in case of a claim.
- How Does the Excess Work?: In the event of a claim, you pay the excess amount first, and King Price covers the rest. This approach is standard in the insurance industry and is part of managing risk and keeping premiums affordable.
Get a King Price Car Insurance Quote
Getting a quote from King Price is straightforward and user-friendly. Here's a step-by-step guide:
- Online Quoting: Visit the King Price website and navigate to the 'Get a Quote' section.
- Information Submission: Fill in the required details about yourself and your vehicle.
- Receive Your Quote: King Price will provide a personalized quote, giving you a clear idea of your premiums and cover.
How to Get a King Price Car Insurance Quote Online?
For those preferring an online approach, King Price's digital platform is intuitive and easy to navigate. Simply:
- Enter your details on their website.
- Specify your insurance needs.
- Submit and receive your quote quickly and effortlessly.
Online Quoting with Quotes Advisor
For a broader perspective, using a service like Quotes Advisor allows you to compare King Price's offerings with other insurers, ensuring you make an informed decision.
Contacting King Price Car Insurance
Staying in touch with your insurer is important. Here's how you can contact King Price:
- King Price Insurance Contact Number: 0860 50 50 50
- King Price Car Insurance What´s App: +27 860 505 050
- King Price Car Insurance Email Address: clientcare@kingprice.co.za
King Price Car Insurance Reviews
When considering an insurance provider, customer reviews offer invaluable insights. King Price is often praised in reviews for:
- Reliable Customer Service: Clients frequently commend the responsive and helpful customer support.
- Efficient Claims Process: Many reviews highlight the swift and hassle-free claims handling.
Hello Peter King Price Review
Platforms like Hello Peter provide a wealth of user feedback. King Price's reviews here further attest to their commitment to customer satisfaction and service excellence.
Conclusion
King Price Car Insurance stands out in South Africa's insurance market for its innovative decreasing premium model, comprehensive coverage options, and exceptional customer service. Whether you're insuring a family car or a collectable vehicle, King Price offers a policy tailored to your needs, ensuring you get value for money and peace of mind.
FAQ
What is King Price’s Claims Process?
King Price simplifies the claims process. In the event of an accident or theft, you can easily file a claim online or via phone, and their efficient team ensures a swift resolution.
How to Cancel King Price Insurance?
To cancel your policy, contact King Price directly via their customer service number or email. They will guide you through the process and address any concerns.
Writer: Cristian Rennella
Update date: 28/02/2024
Video King Price Insurance
Map Pretoria
Questions and answers
Do I need to sign any documentation for getting the cover?
It is not necessary because all their conversations (by phone) or recorded so as to protect client´s rights and also their rights.
Can I start form the cheapest car insurance package?
Yes, you can, and then you can get the promotion you deserve because you can update your policy.
Can I call for emergency assist in case I run out of petrol?
Yes. You can call them on 0860 55 55 23 if you have a flat tyre, dead battery or even if you are just out of petrol.
Please may i have qoute
Of course, please check our options.
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