How our decreasing premiums work

This is a first for the Namibian insurance industry, so we're sure you've got questions... Fire away...

‘Okay... Will my premium go back up at the end of the year?'

Your premium will increase every year, yes. You see, there are some factors that not even the king can control… Like the rising costs of repairs and replacements, neither of which are linked to the value of your car.

But, we promise to fight to keep your increase as low as possible, and it'll only happen once a year. Straight up. No funny business.

Even with this annual increase, you can see from the graph below that the longer you have a policy with us, the more your premium maintains a steady downward trend.

King Price pricing model vs traditional insurance pricing model