King Price pays out around R10 million in valid claims every single day, across cars, homes, contents, and portable possessions. Not every month. Not every week. Every day. That figure is the simplest answer to the question every insurance shopper eventually asks: When something goes wrong, will they actually pay?
Quick answer
- King Price pays out around R10 million in valid claims every day.
- Claims span car accidents, theft and hijacking, storm and hail damage, home contents, buildings, and portable possessions.
- You can lodge a claim online, on the app, on WhatsApp, or by calling 0860 50 50 50.
What does R10 million a day actually look like?
R10 million is 1 of those numbers that’s easy to read but hard to picture. Spread across a single day, it covers thousands of real setbacks at once. It might settle a write-off in Joburg, a hail-battered bakkie in the Free State, and a flooded lounge in Durban, all before lunch.
Every day, this money helps real people recover from real setbacks, whether that’s getting a family back on the road after an accident or helping a homeowner pick up after a storm.
Behind every claim is a person whose day didn’t exactly go according to plan, and that’s who we’re really helping when we pay our claims.
What kind of claims does King Price pay?
Every day looks a little different. Some claims involve cars, some involve homes, and some are unusual enough that even the claims team pauses for a second.
Common claim types include:
- Car accidents and collisions.
- Theft and hijacking.
- Storm, hail, and flood damage.
- Home contents losses like burglary or fire.
- Buildings damage.
- Portable possessions claims for items like phones, laptops, and jewellery.
- Personal accident claims.
Why ‘valid claims’ is the key phrase
There’s an honest caveat worth stating plainly: Insurers pay valid claims, not every claim. A claim is valid when the loss is covered by your policy, the details on your schedule are correct, and you’ve stuck to the basics like reporting the incident on time and being upfront about what happened.
How fast does King Price settle claims?
Paying claims is important, but paying them quickly is where great service shines through. After a bad day, the last thing you need is a slow insurer making it worse.
King Price’s average claim turnaround times (as at January 2026) are:
| Claim type | Average turnaround |
| Car | 4 days |
| Buildings | 5 days |
| Phone | 5 days |
| Home contents | 6 days |
| Portable possessions | 6 days |
Straightforward claims can often move faster, while complex claims can take a little longer. At King Price, we’re constantly improving the claims experience by combining smart technology with real human support to help valid claims move as quickly as possible.
How to lodge a claim with King Price
When the unexpected happens, the process is simple:
- Make sure everyone is safe and call emergency services if needed.
- Report the incident to the police and get a case number for accidents, theft, or hijacking.
- Lodge your claim online, on the King Price app, on WhatsApp, or by calling 0860 50 50 50.
- Give accurate, honest details about what happened.
- Report the incident as soon as you can. King Price asks that all incidents be reported within 30 days.
If your car needs towing after an accident, call King Price on 0860 50 50 50 before it’s towed. Arranging the tow through the king keeps you from being personally liable for the bill.
Why this number should matter to you
Whether you’re already insured or shopping around for cover, here’s something worth remembering: An insurance policy is only as good as the insurer standing behind it. Anyone can sell a policy and promise great service. What counts is whether your insurer shows up when life throws you a curveball.
That’s why R10 million a day matters. It isn’t a marketing line; it’s proof that valid claims are being settled, and South Africans are being helped every single day.
King Price also holds a 10 out of 10 Hellopeter trust index from over 111,000 reviews, with an average of 4.7 stars (as at January 2026).
Common mistakes that delay or sink a claim
- Reporting the incident late instead of as soon as possible.
- Leaving out details or not being fully honest about what happened.
- Towing a car before calling King Price on 0860 50 50 50.
- Not having a police case number for theft, hijacking, or an accident.
- Insuring valuables below their full replacement value, which can reduce a payout.
- Letting required security, like a tracker, lapse where your policy needs it.
More than just a number
It’s easy to hear ‘R10 million a day’ and think in numbers, but every claim represents a real story. Insurance isn’t just about replacing things; it’s also about helping people get back to normal as quickly as possible, and that’s the part that matters most.
How King Price can help
If you’re shopping around for cover that’s built on paying valid claims, get a commitment-free quote from King Price. Discover why so many South Africans trust the king to protect what matters most. Because insurance is easy to buy, but the real magic happens when it’s time to claim.
FAQs
Does King Price actually pay claims?
Yes. King Price pays out around R10 million in valid claims every single day across all its products.
How much does King Price pay in claims per day?
King Price pays around R10 million in valid claims daily, which works out to roughly R300 million in a typical month.
How quickly are claims paid?
It depends on the claim type. King Price’s average turnaround is 4 days for car claims and 5 to 6 days for buildings, phones, home contents, and portable possessions (as at January 2026). Simple claims often settle faster.
How quickly should I submit a claim?
As soon as possible. The sooner you report an incident, the sooner the king can start helping. King Price asks that all incidents be reported within 30 days.
How do I lodge a claim with King Price?
You can lodge a claim online, on the King Price app, on WhatsApp, or by calling 0860 50 50 50. Have your policy details and, where relevant, a police case number ready.
What makes King Price different?
Competitive cover, royal service, and a clear focus on paying valid claims when clients need it most. King Price is also the only major South African insurer with car premiums that decrease monthly as your car loses value.
