King Price. Insurance That Decreases Monthly and more

We all know that car insurance isn’t exactly cheap. But, car insurance is a necessity in South Africa. When something happens to your car, you want to know that your car is covered. You really don’t want to be stuck without car insurance. There are so many insurers in South Africa, so how do you know which insurer you should choose for your car insurance? Is car insurance something that you associate with increasing costs each month?

Is there an insurer out there who is keen to drop your monthly cost in line with the drop in value of your car? Does such an insurer even exist in South Africa? The answer is yes! You read that correctly! LikeMoney informs you that there is one such insurer! With King Price Insurance, your monthly cost drops in line with the drop in value of your car.

Even better, the more cars you insure under one policy, the higher the discount you get and you still get to watch your premium decrease monthly.

Here’s how it works:

Insure 1 car and enjoy super cheap insurance that decreases monthly
Insure 2 cars and receive 10% discount on your monthly premium
Insure 3 cars and receive 15% discount on your monthly premium
Insure 4 cars and receive 20% discount on your monthly premium

Are you curious to find out more? Let’s see how this actually works.

How does it work with Insurance Company A?

For instance, you are insured with company A that offers to insure your car worth R125,000 for R520 premium per month.

You might be wondering what happens afterwards? After a year, Your cars values decreases to R110,798 but increases the cost to R590 a month even though you didn’t claim at all throughout the year. You pay insurance for a car worth R125,000. But if your car is stolen in December, Company A will only pay you R111,917.

Month Retail value Insured Value Monthly Premium
January 125,000 125,000 R520
February 123,750 125,000 R520
March 122,512 125,000 R520
April 121,287 125,000 R520
May 120,074 125,000 R520
June 118,873 125,000 R520
July 117,685 125,000 R520
August 116,508 125,000 R520
September 115,343 125,000 R520
October 114,189 125,000 R520
November 113,047 125,000 R520
December 111,917 125,000 R520
January 110,798 110,798 R590

 

Now that you know how it works with Company A, you can find out how it works with King Price Insurance.

How does it work with King Price Insurance?

Here is some important information for you to have. With King Price Insurance, for instance, the retail value and the insured value of your car are the same each month. Yes, the same each month! What about your monthly cost? Your monthly cost will decrease! King Price Insurance will decrease your monthly cost!

Month Retail value Insured Value Monthly Premium
January 125,000 125,000 R520
February 123,750 123,750 R515
March 122,512 122,512 R510
April 121,287 121,287 R505
May 120,074 120,074 R500
June 118,873 118,873 R495
July 117,685 117,685 R490
August 116,508 116,508 R485
September 115,343 115,343 R480
October 114,189 114,189 R475
November 113,047 113,047 R470
December 111,917 111,917 R465
January 110,798 110,798 R460

 

If you insure 2 cars with King Price under the same policy you will receive an extra 10% discount on your monthly premium as well as the monthly decrease.

Lets assume that you have 2 cars in your household, each worth R125,000. Cost to insure both cars based on R520 per car = R1,040. With the 10% discount offered by King Price you are looking to pay about R936, and you still get to watch your premium decrease monthly as per the table below.

Month Monthly Premium
January R936
February R931
March R926
April R921
May R916
June R911
July R906
August R901
September R896
October R891
November R876
December R871
January R866

 

Now, that you have read about King Price Insurance, you should consider using King Price Insurance as your insurer! Get a quote today and discover how this insurer can assist you! There are so many things that you have to worry about every day, but car insurance shouldn’t be one of them. With LikeMoney, you can get car insurance quotes! Find the right insurer for your needs.


 

Save On Your Monthly Premium

Get A Quote From King Price Insurance

Save Up to 30% when insuring more than one car

GET YOUR QUOTE NOW!


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