King Price Insurance

By Tked August •  Updated: 03/26/25 •  5 min read

King Price Insurance is a South African insurance firm famous for its revolutionary pricing strategy and comprehensive coverage. King Price Insurance was built on a conviction that insurance should be cheap. King Price Insurance is best known for reducing car premiums as they lose value. King Price has different products, including car cover, home cover, business cover, and life cover.

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How to Claim

King Price has a formal claims procedure to assist policyholders with assistance as quickly as possible. You must contact the emergency helpline before towing if there is an accident. Towing is facilitated through the insurer to prevent unnecessary costs to the policyholder. One is required to report a claim as soon as possible, ideally within 24 hours and not later than 30 days after the incident.

After notice of claim is given to them, King Price calls for supporting documents such as an accident report, police case number (where present), and repair quotes. Upon receiving all documents, a claims assessor is considered. On acceptance, the company arranges repairs or a settlement with the client per policy terms. If they decline a claim, policyholders are entitled to appeal against rejection.

How Long Does It Take to Put in an Insurance Claim?

It doesn’t take long, although processing time varies depending on claim complexity. Reporting is easy and can be done in minutes through the insurer’s contact center or website. Once you’ve reported your claim, you must provide supporting documents to facilitate adjudication.

For minor car repairs, approval is given anywhere between a few days to a week. More complicated claims with heavy amounts of damage or legal action would take a few weeks to be cleared. The insurer clears straightforward claims to cause minimal trouble to clients. Claims with third parties, legal verification, or a tremendous amount of damage inspection would take time.

How Do I Contact King Price Insurance?

King Price Insurance has different contact channels for policyholders to seek assistance. Its key customer care number is 0860 50 50 50, where clients can speak with an agent directly regarding claims, policy changes, or general inquiries. There is this contact center that operates business hours for policy queries and is open for emergency assistance on a 24/7 basis.

For online support, King Price has a website (www.kingprice.co.za) through which clients can manage policies, make claims, and request callbacks. The insurance company also offers an online self-help portal through which policyholders can update personal information, download policy documents, and pay premiums. A mobile app is also provided by King Price, which allows clients to access policy management functionalities and emergency services conveniently.

What Is the Cheapest Level of Car Insurance?

King Price offers different levels of car covers to suit various pockets. The most basic is third-party insurance, which covers repairs to other cars or property and excludes coverage for the insured vehicle. That is best for those with minimal cover for less money. Third-party coverage for fire and theft includes third-party coverage for damages by fire and theft of the vehicle. Comprehensive coverage is total coverage for damages to the vehicle and third-party damages. Although third-party coverage is the lowest priced, maximum coverage is given by comprehensive coverage. Hence, it is a choice worth opting for by those vehicle owners interested in obtaining maximum financial coverage. It is left to the policyholder to choose based on their appetite for risk & monetary standing.

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How Much Is Car Insurance Per Month in South Africa?

The premium is calculated based on whether it is for a specific type of vehicle, on your driving record, and on what coverage you take. Third-party cover costs between R200 and R500 a month. It is cheap to buy but doesn’t cover your vehicle for damages.

Extensive cover with higher cover costs of between R800 and R2,000 per month. Considerations on premiums are based on the owner’s age, claims history, and car value. King Price’s decreasing premium strategy allows policyholders to save on premiums as time passes while their car’s market value depreciates. This is among the lowest-priced comprehensive covers for South Africa. To get quotes that are precisely right for you and your cover needs and specifications, future clients can get personalized quotes based on personal information.

How Long After an Accident Can You Claim from Insurance?

King Price Insurance clients are required to report the incident. There is a requirement to report it within 30 days of occurrence. If delayed for a duration more than that, it can be possible that it can be declined.

In case of a crime-related incident, such as theft or property damage, they should be reported to the police, and a case number offered. Third-party, injury, and dispute claims take time to clear because there is more to be investigated. Early reporting of a claim ensures smooth processing and eliminates complicated situations that can arise. All documents that relate to the claimant and consist of accident reports and photographs to support claims should be readily available to the policyholders. Early reporting and compliance with insurer requirements improve the chances of a claims settlement.

Final Thoughts

King Price Insurance has emerged as a reliable and affordable insurer in South Africa. With its revolutionary reducing premium policy, extensive cover policy, and customer-first approach, it remains the go-to choice for individuals and organizations. Its insurer ensures smooth settlement of claims and financial tranquility for needy clients.

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