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King Price Insurance South Africa: cover, benefits and quotes explained

King Price Insurance is one of South Africa’s most innovative insurers, known for its decreasing premium model, strong customer satisfaction, and fast claims turnaround. Compare King Price Insurance and see if it’s the right fit for your needs.

  • Decreasing premiums model
  • High customer satisfaction ratings
  • Fast claims turnaround times

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About King Price Insurance

King Price Insurance launched in 2012 and has grown into a major South African insurer offering flexible and innovative insurance solutions.

They are best known for decreasing premiums, where your premium reduces over time as your car’s value drops.

Their approach focuses on simplicity, transparency, and putting the customer first.

What makes King Price different

Decreasing premiums

  • Your premium can decrease monthly as your car depreciates, helping reduce long-term insurance costs.

Strong claims performance

  • King Price pays out an average of R8 million in claims every single day
  • Monthly payouts regularly exceed R120 million+, showing strong claims capacity and reliability

Fast claims turnaround

Average claims turnaround times:

  • Car claims: ±4 days
  • Buildings: ±5 days
  • Home contents: ±6 days
  • Portable possessions: ±6 days

 

This shows a strong operational efficiency advantage

What does comprehensive car insurance cover

Comprehensive car insurance typically includes protection against a wide range of risks that could affect your vehicle.

This includes accidental damage to your car, whether you are involved in a collision or a single-vehicle incident, as well as protection against theft or hijacking. It also covers damage caused by fire and provides cover if you accidentally damage another person’s vehicle or property. In addition, most comprehensive policies include protection against weather-related events such as hail, flooding, or storm damage, which are common risks in South Africa.

Depending on the insurer, you may also have access to additional benefits such as roadside assistance, car hire after an accident, or windscreen cover.

What it may not cover

Although comprehensive car insurance offers the highest level of protection, there are still important exclusions to be aware of. Standard policies generally do not cover wear and tear or gradual deterioration of your vehicle over time, as these are considered maintenance issues.

Mechanical or electrical failures are also typically excluded unless you have separate car warranty cover in place. Claims may be rejected if the driver was under the influence of alcohol or drugs at the time of the incident, or if there was any non-disclosure or incorrect information provided when taking out the policy, such as undisclosed drivers or incorrect usage details.

For this reason, it is essential to carefully review the policy wording and ensure all information is accurate before accepting cover.

Comprehensive vs third party insurance

Comprehensive vs Third Party Car Insurance

Understanding the difference between comprehensive and third party car insurance helps you choose the right level of cover for your needs and budget.

Comparison of comprehensive and third party car insurance cover
FeatureComprehensiveThird Party
Covers your car Yes No
Covers third-party damage Yes Yes
Covers theft Yes No
Covers fire Yes No
CostHigherLower

If you want full protection for your own car as well as cover for damage you cause to others, comprehensive cover is the most complete option.

Frequently asked questions

What is the difference between comprehensive and third party car insurance?

Comprehensive car insurance covers your own vehicle for risks such as accident damage, theft and fire, while third party car insurance only covers damage you cause to another person’s vehicle or property.

Which type of car insurance gives the most protection?

Comprehensive car insurance gives the most complete protection because it covers both your own car and third-party damage, as well as risks like theft and fire depending on the policy terms.

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Who should consider comprehensive cover?

Comprehensive car insurance is ideal for:

  • New or high-value vehicles
  • Daily commuters
  • Financed vehicles
  • Drivers who want maximum protection

If your car is older or lower value, a lower level of cover may be more cost-effective.

What affects your comprehensive insurance premium

What affects your comprehensive insurance premium

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Vehicle Details

Age, experience, and claims history

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Your vehicle

Value, performance, and repair cost

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Your location

Risk levels based on area

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Security features

Tracking devices, alarms, and parking

Optional add-ons for comprehensive insurance

You can enhance your cover with additional options such as:

Car hire

Car hire can be added as an extra option which will provide a rental vehicle if your car is stolen, hijacked, or being repaired following a valid claim. 

Learn more

Tyre and rim insurance

If potholes or road hazards are a concern, tyre and rim cover helps with wheel damage. It can reduce unexpected repair costs from everyday driving risks.

Learn more

Scratch and dent cover

For minor cosmetic damage, scratch and dent cover protects against everyday marks. It is useful for maintaining your car’s appearance without large repair costs.

Learn more

Car warranty

Car insurance does not usually cover mechanical breakdowns or failures. A separate warranty can help cover unexpected repair costs over time.

Learn more

These add-ons can improve your overall protection depending on your needs.

Popular comprehensive car insurance providers in South Africa that we compare

CoverMatch may work with a panel of car insurers and authorised providers. Provider availability can change over time. Examples may include:

Does location affect comprehensive insurance pricing?

Yes. Your location plays a major role in determining your premium.

Drivers in Johannesburg may face different pricing compared to Cape Town or Durban due to differences in:

  • Theft risk
  • Traffic density
  • Accident rates

 

Your parking situation and security also influence your risk profile.

Key takeaways

Comprehensive insurance offers the highest level of protection
Covers both your vehicle and third-party damage
Costs more but provides greater financial security
Ideal for high-value or financed vehicles
Always compare options before choosing

Expert tip

A higher premium often means better protection, but not always. Always compare excess amounts, benefits, and exclusions to understand the true value of your cover.

Compare comprehensive car insurance the smart way

Avoid contacting multiple insurers individually.

Compare options in one place and get matched with the most suitable cover based on your needs.

✔ Fast and simple comparison
✔ No obligation to accept
✔ Tailored results

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Frequently asked questions

What is comprehensive car insurance?

It is the highest level of car insurance that covers your vehicle and third-party damage.

Is comprehensive insurance required?

It is often required if your car is financed.

Is comprehensive better than third party?

It offers more protection but at a higher cost.

Can I lower my premium?

Yes, by increasing your excess, improving security, or comparing providers.

What is comprehensive car insurance?

How much does comprehensive car insurance cost?

Disclaimer

This page provides general information only and is not financial or product advice. CoverMatch is a comparative platform. We do not provide insurance quotes or advice directly. Your details are sent to licensed insurers who will contact you with quotes and product information based on your profile. Always review the insurer’s policy wording and terms before you proceed.