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King Price Insurance Introduces Monthly Decreasing Car Insurance Premiums in South Africa

December 5, 2025

King Price Insurance has announced the continued expansion of its innovative car insurance model that adjusts premiums monthly according to a vehicle’s depreciation rate. This initiative reinforces the insurer’s commitment to making comprehensive car cover more cost-effective and accessible for South African drivers. “South Africans deserve fair and transparent car insurance,” said Cobus Pieterse, spokesperson for King Price Insurance. “By aligning premiums with the actual value of each vehicle, we ensure that clients pay only for what their cars are worth, while still enjoying complete protection and responsive support.” A Transparent Approach to Car Insurance Traditional insurance models often maintain static or increasing premiums regardless of vehicle depreciation. King Price Insurance has taken a different path by implementing a dynamic pricing structure that decreases premiums monthly. This approach reflects each vehicle’s true value and ensures clients benefit from tangible, measurable savings over time. This model has seen significant adoption nationwide, particularly among value-conscious motorists looking for efficient and transparent insurance solutions. Comprehensive Coverage Designed for Every Driver King Price Insurance offers flexible cover options tailored to various vehicle types and budgets: Comprehensive Cover – Protection against accidents, theft, natural damage, and third-party liability. Agreed Value Cover – A fixed-value policy for three years, ideal for maintaining consistent premium expectations. Third Party, Fire, and Theft – Mid-range protection for essential coverage needs. Third Party Only – Budget-conscious protection against liability to others. Specialized Cover – Options for collector cars and limited-use vehicles. Each policy includes access to 24/7 emergency assistance, digital policy management, and optional add-ons such as personal item protection. Building Trust Through Service and Transparency King Price Insurance continues to earn recognition for customer satisfaction and operational transparency. The company holds over 85,000 verified positive reviews and processes more than R7 million in claims daily. Its digital-first system allows for instant quotes, policy updates, and quick claims settlements — all while maintaining strict data and financial compliance standards. About King Price Insurance King Price Insurance is a leading South African insurer redefining the industry through innovation and fairness. Founded in Pretoria, the company introduced the world’s first model of monthly decreasing car insurance premiums, designed to reflect real vehicle value and promote affordability. The insurer provides comprehensive cover, fast claim processing, and nationwide support to help South African drivers protect their vehicles with confidence. For more information, visit: https://www.kingprice.co.za/personal-insurance/car-insurance

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