There was a time when you would receive a letter from your insurer once a year to tell you how they were going to up your car insurance premiums. Usually they would use the rate of inflation and the cost of parts to justify the increase and glide past the fact that your car’s overall value had decreased. It hadn’t somehow transformed (oh, that it would…) into a better car, with less mileage, and more sheen, but it was going to cost you more to insure.
We’re sticklers for the details, so yes, we do agree that inflation and other factors can influence prices. But we also think it’s darn right ludicrous to not take into account the depreciating value of your car when it comes to calculating your premiums.
Our royal decreasing premiums explained in a nutshell
King Price took a stand and became the first and only insurer to offer super cheap insurance that decreases monthly in line with the depreciating value of your car. So, when you take out comprehensive car cover with the king of price, your premium will actually go down every month – and we’ll send you an SMS here and there to celebrate how much your premium has gone down by.
Let’s do the simple maths to show you the compound savings:
- You start off by paying R10 less when you join the King Price family.
- Your premium then comes down by R10 at the end of your first month.
- Because your second month’s premium was calculated at R10 less than the first month, you’ve saved R30 after the second month.
- After 12 months you’ve saved R660 per year.
- After 3 years, you’ve saved R6,300.
More savings with our royal multiple car discount
That’s not all, though. You can save even more with our ‘multiple car discount’, which is exactly what it sounds like: When you insure 2+ cars with us, we will discount your car premiums. In fact, the more cars you comprehensively cover with us, the more discount you get, and the cheaper your overall premiums will be.
- 1 car = super cheap insurance that decreases monthly
- 2 cars = 10% discount on BOTH cars
- 3 cars = 15% discount on ALL 3 cars
- 4+ cars = 20% discount on ALL your cars
There’s no catch with this discount. All your cars (car or LDV that’s registered in South Africa) will have comprehensive cover and your discounted premiums will still decrease every month, along with the depreciating value of each of your cars.
If you don’t already have our royal touch in your life and a smile on your face, then what are you waiting for? Our affordable cover, decreasing premiums, and fair and logical approach to insurance is just what you and your car needs! So get a quote online, call our client care team on 0860 50 50 50, or pop us an email at [email protected]
