King Price Car Insurance

When it comes to choosing reliable and affordable car insurance in South Africa, King Price Car Insurance has become a popular choice for many drivers. Known for its unique pricing model and customer-friendly approach, King Price has positioned itself as an insurer that understands the real needs of vehicle owners in a changing economic environment.

We take an in-depth look at King Price car insurance, how it works, its benefits, cover options, and whether it is the right choice for you.

What Is King Price Car Insurance?

King Price Insurance is a South African short-term insurance provider that offers car insurance, household insurance, business insurance, and more. What truly sets King Price apart is its decreasing premium model, which reflects the fact that cars lose value over time.

Unlike traditional insurers that keep premiums the same or increase them annually, King Price adjusts premiums downwards each month as your car depreciates.

How King Price’s Decreasing Premium Model Works

Most cars lose value every year, yet many insurers continue charging the same premium. King Price takes a different approach:

• Your car’s insured value decreases monthly
• Your premium decreases accordingly
• You don’t overpay for cover on a depreciating asset

READ ALSO: Car Insurance In South Africa

Types of Car Insurance Offered by King Price

King Price offers flexible car insurance options to suit different needs and budgets.

Comprehensive Car Insurance; This is the most popular option and provides full protection for your vehicle. Comprehensive car insurance premium reduces each month as your vehicle depreciates. It provides cover for accident damage, theft and hijacking, as well as damage to other people’s property arising from an accident in which you are involved. Comprehensive cover is ideal for new or high-value vehicles.

Agreed Value; The agreed value, agreed on by you and us, won’t depreciate (so your premium won’t decrease monthly.) This will be the agreed value your car is insured for, for 3 years. You’re covered for things like:

• Accident.
• Theft and hi-jack.
• Acts of nature.
• Third party.
• Windscreen.

(Psst, you can insure your golf clubs, bicycles or hearing aids for only R1 per month when you have agreed value insurance)

Third-Party, Fire and Theft –This option offers protection against:

• Damage you cause to another person’s vehicle
• Fire damage to your car
• Theft or hijacking
• It does not cover accident damage to your own vehicle.

Theft and Write-off – You are covered for the total loss of your car when it’s stolen or written off.

You are covered for:

• Accident.
• Acts of nature.
• Theft and hi-jack.
• Third party.

Third Party Only

Some cover is way better than no cover at all. Here you are covered for damage to other people’s property (which in the insurance world is known as third party liability) as the result of a car accident that you are involved in.

Key Benefits of King Price Car Insurance

Affordable Premiums; King Price is known for competitive pricing, especially for younger drivers and those looking to save on monthly expenses.

Decreasing Monthly Payments –As your car’s value drops, so does your premium something very few insurers offer.

Flexible Cover Options – You can tailor your policy by adding optional extras such as: Car hire, Credit shortfall cover, Tyre and rim protection, Windscreen cover.

Easy Online Quotes – Getting a King Price car insurance quote is quick and simple. The online system allows drivers to: Compare cover options, adjust excess amounts, receive instant feedback on pricing

Fast and Simple Claims Process; King Price prides itself on efficient claims handling. Claims can be lodged online or via their call centre, and the process is designed to be clear and stress-free.

Strong Customer Support – King Price offers responsive customer service, with advisors available to assist with policy changes, claims, and general enquiries.

Optional Add-Ons and Extras

To enhance your King Price car insurance policy, you can add:

• Car Hire Cover: Stay mobile while your car is being repaired
• Credit Shortfall Cover: Covers the gap if your car is written off and finance is still owed
• Tyre and Rim Cover: Protection against pothole damage
• Excess Reducers: Lower your out-of-pocket costs when claiming
• These add-ons allow drivers to customise cover based on personal needs.

READ MORE: Cheapest Insurance In South Africa

Who Is King Price Car Insurance Best For?

King Price is particularly suitable for drivers with very high-value luxury vehicles may want to compare options with premium insurers before deciding.

1. Budget-conscious drivers
2. Owners of vehicles that depreciate quickly
3. First-time car insurance buyers
4. Drivers looking for flexible, transparent pricing
5. South Africans wanting predictable monthly savings

Tips to Save More With King Price Car Insurance

You can further reduce your premium by:

• Choosing a higher voluntary excess
• Installing an approved tracking device
• Parking your vehicle in a secure location
• Maintaining a clean driving record
• Updating your car’s value regularly

Frequently Asked Questions About King Price Car Insurance

• Is King Price a legitimate insurance company?

Yes. King Price is a registered and regulated short-term insurer in South Africa.

• Does King Price insure older cars?

Yes. King Price insures both new and used vehicles, depending on condition and value.

• Can I cancel my King Price policy?

Yes. You can cancel your policy at any time, subject to notice requirements in your policy terms.

• Does King Price offer roadside assistance?

Yes. Roadside and emergency assistance options are available depending on your policy.

Pros and Cons of King Price Car Insurance

Pros

1. Decreasing monthly premiums
2. Affordable pricing
3. Flexible cover options
4. Easy online management

Cons

1. Limited international cover
2. Not always ideal for luxury vehicles
3. Excess can be higher on cheaper premiums

King Price car insurance offers a fresh, cost-effective alternative to traditional car insurance in South Africa. Its decreasing premium model, flexible cover options, and user-friendly approach make it an excellent choice for many drivers.

If you are looking for affordable, transparent, and innovative car insurance, King Price is definitely worth considering. As always, comparing quotes and carefully reviewing policy terms will help ensure you get the best value for your money.

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