King Price Car Insurance Review

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King Price Car Insurance at a Glance

King Price Car Insurance at a Glance

  • Affordable premiums.
  • Simplified policy application process.
  • Additional benefits are available.

What we like:

King Price's quotation is based on the value of the protected assets. As a vehicle depreciates over time, the premium cost also reduces.  

Best for:

People that are conscious of their car insurance premium but also want decent cover.

  • Emergency assist.
  • Quick and easy claims.
  • Decreasing premiums
  • Discount offers are limited to certain products.
Table of Content

King Price’s car insurance products are designed to cater to the unique coverage needs of car owners in South Africa. If you’re interested in King Price’s offerings, keep reading to learn more about the various products they offer, including their coverage levels and preferential benefits or discounts.

By understanding the coverage options and benefits of each product, you can compare King Price’s car insurance products with those of other insurance companies and choose the one that best fits your needs.

Investing in car insurance can save you a lot of money in the long run, as it protects you against unexpected expenses that can arise from accidents or theft. King Price’s car insurance products are worth considering if you’re a car owner in South Africa looking for reliable coverage.

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What Makes King Price Car Insurance Different?

At the time of writing this review, it is worth noting that King Price stands alone among financial services companies in offering car insurance coverage with decreasing premiums on an annual basis. This unique structure is a reflection of King Price’s commitment to providing affordable premiums that accurately reflect the value of the asset being covered. By offering policies tailored to the specific needs of individual policyholders, King Price ensures that they are not paying more than necessary for their car insurance coverage. This innovative approach to car insurance is one of the ways that King Price is setting itself apart in the financial services industry.

King Price understands that a car is an investment, but unfortunately, its value starts depreciating the moment it’s driven off the dealer’s lot. Other insurance providers may charge the same premium year after year, leaving the policyholder wondering why they’re paying increasing premiums to cover a car that’s worth less each month. But with King Price, policyholders won’t have to worry about being bound to a policy that drains their hard-earned money. King Price’s flexible car insurance policies are sold at prices that reflect the contemporary value of the insured asset. As your car’s value continues to depreciate, so do your premiums. 

Although King Price Car Insurance products are adjusted to the value of assets, other factors like rising car repair costs can cause your premiums to increase annually.  

King Price Car Insurance Coverage Options and Benefits

Comprehensive Car Insurance

Comprehensive Cover provides protection for a wide range of incidents, including accidental damage, theft, and hijacking. It also covers minor mistakes that may occur while driving and result in damage to other vehicles or property.

Meanwhile, The King offers an extensive coverage package that includes roadside assistance, accident assistance, and hail damage coverage. In addition, it provides towing and storage services, accident coverage, theft or attempted theft protection, fire coverage, explosion coverage, legal liability coverage, and natural disaster coverage. 

Third party, Fire and Theft Car Insurance

This product covers the policyholder against losses that arise from theft, hijacking, and fire incidents. Additionally, the product provides liability coverage in case the policyholder causes damage to other people’s property due to a car accident they are involved in. However, it is important to note that this product does not cover accidents, roadside or accident assistance, hail damage, towing and storage, or damage from natural disasters such as storms, floods, freezing, or snow.

It is also important to understand the limitations of this policy. For instance, the policy will not cover driving under the influence, leaving the scene of an accident, using the car for racing or earning an income, selling the car, intentional loss or damage, or if your car is used without your consent. 

Third Party Car Insurance

Third Party Only Car Insurance covers the policyholder against any liability they may have for damage or injury to a third party’s property or vehicle, as well as any associated medical expenses resulting from an accident. It’s crucial to note that this product does not cover the policyholder’s vehicle or medical expenses. 

Collectible Car Insurance

King price Collectable car insurance is a type of coverage specifically designed for classic or high-value vehicles. It provides protection against accidents, theft, and third-party liability. One of the best features of this type of insurance is that it operates on a ‘pay per k’ basis. This means that the less you drive your car, the less you will pay for your insurance.

Aside from the pay-per-k feature, collectable car insurance also includes a comprehensive list of coverage options. These include roadside assistance, accident assistance, towing and storage, legal liability, hail damage, and coverage for accidents, theft, attempted theft or hijacking, earthquake, explosion, fire, flood, storm, or freezing.

With collectable car insurance, you can enjoy peace of mind knowing that your prized possession is protected against a wide range of risks. Whether you take your car out for a spin on special occasions or keep it tucked away in your garage, this insurance is tailored to your unique needs and driving habits.

Agreed Value Car Insurance

Agreed Value cements a pre-agreed premium cost over a mutually agreed-upon duration of time, which is clearly stated in your policy schedule. This value remains unchanged for a period of three years, providing a policyholder with assurance and peace of mind because they know that their vehicle will be covered for the same amount throughout the three-year period. Apart from this, the coverage offered under the agreed value is identical to King Price Comprehensive Cover.

Theft and Write-Off Insurance

This product provides coverage in the event of a complete loss of your vehicle, such as theft or if it is declared a write-off. It also covers damages resulting from attempted theft or hijacking. This means that if your car is stolen or hijacked and not recovered, or if it is damaged during an attempted theft or hijacking, the loss will be covered under this policy.

For a modest increase in your premium, King Price provides additional benefits that can be incorporated into your car insurance policy. These benefits include:

 King Price Optional extra cover

Car Hire Cover

By opting for car hire, you can ensure that you will have access to rental vehicles for a period of 30 days while your own vehicle is being repaired by one of King Price’s trusted suppliers after you make a claim. It is important to note that you will be required to meet the requirements set forth by the car rental company.

Car Warranty Cover

A car warranty provides coverage for the repair or replacement of car parts that may break or malfunction. This helps ensure that your vehicle can be quickly restored to proper working condition and back on the road as soon as possible. With a warranty in place, you can have peace of mind knowing that any necessary repairs or replacements will not cause your wallet to take a significant financial hit.

Credit Shortfall Cover

A credit shortfall cover provides protection against the possibility of still owing a significant amount of money on a car that has been stolen or written off. In such situations, this cover ensures that you will be reimbursed for the difference between the actual value of the car at the time of the incident and the amount that you still owe on it.

Sound equipment and other accessories Cover

Sound equipment and other accessories cover provides protection for the additional items you have added to your car, such as music systems, magazines, and other extras. To ensure that you have adequate coverage for these items, you need to inform your insurance provider about the specific accessories you have added and their value. 

Personal Accident cover

Personal accident cover provides protection for you and your family in the event of an accident resulting in permanent health damage. This type of insurance can help you cover medical expenses, rehabilitation costs, and other related expenses that may arise in the event of a serious accident. 

Scratch and dent cover

A scratch and dent cover provides protection for minor damages to the exterior of your car. This includes small scratches, dents, and other minor damages that may occur in parking lots or on the road. Additionally, this type of coverage can also help cover the cost of removing stubborn spots of tar or other substances that may stick to your car’s exterior. 

Tire and rim cover

Tyre and rim cover provide protection for your car’s tyres and rims in case of damage resulting from unexpected incidents, such as hitting a pothole or driving over broken glass.

Pricing and Discounts of King Price Car Insurance

King Price’s car insurance premium is mainly influenced by two factors: the value of the asset being insured and the cost of repair (where applicable). When you opt for a comprehensive plan that covers multiple vehicles, you become eligible for discounts. The more vehicles covered in your comprehensive plan, the greater the discounts you can receive. 


Here is a breakdown of how the discount structure works.

  • 1 car = super cheap insurance.

  • 2 cars = up to a 10% discount on both cars.

  • 3 cars = up to a 15% discount on all 3 cars.

  • 4+ cars = up to a 20% discount on all your cars.


Where King Price Car Insurance Can Improve

The discount offered by King Price car insurance applies exclusively to policies that provide comprehensive cover. Policyholders who have purchased insurance products that do not offer the same level of coverage as comprehensive cover may not be eligible for these discounts. King Price may consider extending the discount offer to policies like theft and write-off.  

How to Request a Quote for King Price Car Insurance 

  • You can get an online quote for your car insurance King Price’s website.

  • Alternatively, you can request a quote over the telephone by calling 0860 50 50 50

Frequently Asked Questions (FAQ)

Besides South Africa, King Price policyholders are also covered in Lesotho, Mozambique, Botswana, Swaziland, Malawi, Zimbabwe, and Namibia. 

King Price only covers vehicles that were registered in South Africa. 

One of the primary goals of King Price is to streamline access to quality insurance products and fast-track the application process. King Price does not require applicants to navigate through the intricacies of the traditional insurance underwriting process. A policy can be purchased over the telephone within a few minutes of a voice call. All conversations are recorded because every verbal agreement is part of the policyholder’s legal contract with the company.  

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