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Cover yourself against the real cost of losing your car

Losing your car is a lot like losing your house keys… Except way more dramatic, devastating, and definitely more expensive. While the emotional cost can leave you sniffling into your steering wheel-less hands, the real cost is what we’re here to chat about. So buckle up, Mzansi; we’re going on a ride through what it actually costs to lose your car and how you can shield yourself like a legend.

The emotional rollercoaster (also known as ‘that sinking feeling’)

You know the 1. You walk out of the mall, click your remote, and… Nothing. Your parking spot is emptier than your braai grid after rugby day. Losing your car, whether it’s to a slick-handed criminal, an unfortunate accident, or a spike-filled pothole, is traumatising. But the emotional toll is only half the story.

What it really costs to lose your car

Here’s the not-so-fun part. If your car gets stolen or written off and you don’t have proper cover, you could be footing the bill for:

  • Outstanding car finance (yes, you still owe even if the car is gone).
  • Towing and storage fees if you didn’t use the king’s approved services.
  • Temporary transport costs like taxis, lifts with the dude from work, or unreliable e-hailing adventures.
  • Time and admin (and stress, lots of stress).

Basically, without royal cover, it’s you vs. the world. And traffic. And debt.

Enter the king’s car cover

At King Price, we don’t just cover your car, we cover your lifestyle. Whether your vibe is road-tripping to Clarens or just trying to survive the Jozi rush hour, we’ve got cover fit for a king (or queen).

Here’s what you can expect:

  • Comprehensive cover: The works! Accidents, theft, hijacking, acts of nature, third party damage, and even those parking lot ‘oopsies’.
  • Decreasing premiums: Your car’s value drops? So does your premium. Logical, right?
  • Agreed value cover: Your car’s value is locked in for 3 years; no depreciation drama here.
  • Emergency assist: Breakdown? Flat battery? Locked your keys in the car? Call us on 0860 50 50 50, and we’ll be there quicker than you can say ‘chakalaka.’

Extra perks that’ll make your wallet smile

  • Car hire: While your ride gets fixed or replaced, you get a loan car to keep rolling.
  • Scratch and dent: Say goodbye to minor battle scars and hello to showroom shine.
  • Tyre and rim cover: Because SA roads love to chew through rubber.
  • R1 insurance: Insure your golf clubs, bicycle, hearing aids or motorbike gear for just R1/month if your car is comprehensively covered with us.

And let’s talk about theft

Car theft stats are no joke. Whether it’s a pro job or someone taking their chances, your ride is at risk. With the right cover, you’re not just protected financially… You’re also backed by a claims team that jumps into action faster than a bunny chow at lunchtime.

Final thoughts

Losing your car shouldn’t mean losing your mind or your money. With King Price, you’re not just insured… You’re royally protected. Get covered, stay covered, and enjoy peace of mind knowing the kingdom’s got your back. For a commitment-free quote, click here or pop a WhatsApp

FAQs

1. What’s the difference between comprehensive and third party cover? 

Comprehensive covers your car, other people’s property, theft, hijacking, and more. Third party only covers the other guy’s car or stuff if you cause an accident.

2. Do I need to fit a tracking device? 

Sometimes, yes. Especially for high-risk cars. But we’ll tell you upfront if it’s required.

3. Can I insure just for theft or write-off? 

Yup, we offer that option. It’s called ‘theft and write-off’ cover. Perfect if you want essentials, but not the frills.

4. What happens if my car’s stolen and not recovered? 

We’ll pay out the insured value (minus your excess), and if you have shortfall cover, we’ll sort out the gap between what your car’s worth and what you owe.

5. Is my car covered outside SA? 

Yes, but only in select countries. Just don’t plan a road trip without checking your policy

Click here for a commitment-free insurance quote or you can WhatsApp us on 0860 50 50 50

Written by The king | Reviewed by Cobus van der Westhuizen
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    The king

    The king is the official storyteller of the King Price kingdom, sharing smart tips, expert insights, and practical advice about car insurance. From explaining tricky insurance terms to helping South Africans save on their premiums, his mission is to make insurance easy to understand and even easier to use. With support from a royal council of actuaries, analysts, and insurance specialists, every article is written to help drivers stay informed and protected on the road.

    Psst… This blog provides general info only and doesn’t count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums are risk-profile-dependent, and T’s and C’s apply. Our most up-to-date KPPD (policy wording) can always be found here. 

    Our website T’s and C’s can be found here. 

    King Price Insurance Company Ltd is a licensed non-life insurer and registered financial services provider. (Reg no. 2009/012496/06 | FSP no. 43862)