At King Price we know that cash is king, so we're here to save you more money each and every month. In the time that it takes to read this, your car's value has already depreciated and is worth less. So why are other insurance companies charging you the same monthly insurance premiums as if your car's been sipping from the Fountain of Youth? Not us... we DECREASE your premium every month as the value of your car depreciates... it's only fair.
Most other motor insurance companies inflate your premium from the get-go, just to give you back some of your own money as a "no claim bonus" later (and that's only if you're lucky). We firmly say "No!" to this bogus "no claim bonus" and all the other insurance marketing sales pitches because we'd rather let all our clients enjoy the benefit of super cheap premiums and instant savings.
This is a first for the Namibia insurance industry, so we're sure you've got questions... fire away...
Okay... but will my premium go back up again at the end of the year?
Yes, like with all other insurance companies annual increases still need to unfortunately apply, as there are costs that not even the king can control... Although he does promise to fight to keep it as low as possible, and it'll only happen once a year.
This increase is used to combat the rising costs of repairs and replacements neither of which are linked to the value of your car. Straight up. No funny business.
Even with this annual increase, you can see from the graph below that your premium still maintains a steady downward trend the longer you have a policy with us.