-- Pretoria, South Africa – Oct 23, 2025 — King Price Insurance today announced that its flagship car insurance product—which features decreasing car insurance premiums as a vehicle’s value declines—has seen accelerated adoption by South African drivers seeking better value for cover. Customers now benefit from premiums that drop month by month, aligning cover cost with vehicle depreciation.
A New Standard in Car Insurance
Unlike traditional models where premiums may stay the same or increase, the King Price model ensures premiums decline in step with the vehicle’s depreciating value. "Clients deserve car insurance that makes financial sense," said Wynand van Vuuren, spokesperson for King Price Insurance. “By lowering premiums monthly, we give South Africans real savings and control, without compromising the quality of cover.”
Flexible Cover Options for Different Needs
King Price offers a full range of cover types to match different vehicle types and driver profiles, including:
- Comprehensive Cover: Protection for collision, theft, hijacking, storm damage and third-party liability—plus optional “R1 insurance” for personal items.
- Agreed Value Cover: Fixes the insured value for three years to avoid depreciation impacts.
- Theft & Write-Off Cover: Protection if the vehicle is stolen or declared a total loss.
- Third Party, Fire & Theft Cover: Covers fire, theft and damage to others’ property.
- Third Party Only Cover: Basic liability cover for budget-conscious drivers.
- Collectable Car Cover: Pay-per-kilometre cover for classic or low-usage vehicles.
Savings and Service That Make a Difference
In addition to declining premiums, King Price drivers may enjoy:
- Discounts of up to 20 % when insuring multiple cars.
- Optional “R1 insurance” for items such as bicycles, hearing aids or golf clubs.
- 24/7 emergency roadside, home and medical assist.
- Zero basic excess for policy-holders aged over 45.
- Instant online quotes and policy management, including via WhatsApp.
About King Price Insurance
King Price Insurance is a South African short-term insurer based in Pretoria, known for its world-first monthly decreasing car insurance premiums. Founded to bring fairness and transparency to the market, it offers car, home and business cover through flexible, value-driven models.
For more information, visit: https://insurance.kingprice.co.za
About Us: King Price Insurance is a South African short-term insurer based in Pretoria, known for its world-first monthly decreasing car insurance premiums.
Contact Info:
Name: Cobus Pieterse
Email: Send Email
Organization: King Price Insurance
Address: 175 Corobay Avenue, Pretoria, 0041
Website: https://insurance.kingprice.co.za
Release ID: 89173457
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