R1 insurance from King Price is exactly what it sounds like: real insurance cover for just R1 a month. South Africans are feeling the pinch, and most households are scrutinising every debit order. Cutting insurance is tempting, but it’s the wrong move when your most-used possessions are at risk. So instead of asking you to pay more, the king offers qualifying clients a way to protect their bicycle, golf clubs, hearing aids, or motorbike riding gear for one rand a month per item. No, that’s not a typo.
Key takeaways
- R1 insurance covers bicycles, golf clubs, hearing aids, and motorbike riding gear for R1 per month each.
- You must already have a car or motorbike insurance policy with King Price to qualify.
- R1 insurance is an add-on, not a stand-alone product.
- Cover includes loss, theft, and accidental damage for all four item categories.
- Add R1 insurance through the King Price Self-Service Portal or by calling 0860 50 50 50.
What is R1 insurance?
R1 insurance is a King Price add-on product that lets you insure specific high-use personal items for a monthly premium of R1 per category. The four items you can cover are bicycles, golf clubs, hearing aids, and motorbike riding gear.
- Add-on insurance
- An insurance product that cannot be purchased on its own. It must be attached to a qualifying base policy, in this case a King Price car or motorbike insurance policy.
The R1 monthly premium is fixed. It doesn’t change based on the item’s value, your claims history, or your risk profile. What does change is the sum insured, which you declare when you add the item to your policy. That declared value sets the maximum payout if you claim.
King Price R1 insurance is available to clients who hold a qualifying car or motorbike insurance policy with King Price Insurance.
Who qualifies for R1 insurance?
R1 insurance isn’t available to the general public as a stand-alone policy. To qualify, you need one of the following active King Price policies:
- A comprehensive car insurance policy with King Price
- A third-party, fire and theft car insurance policy with King Price
- A comprehensive motorbike insurance policy with King Price
Don’t have a King Price policy yet? You’ll need to get one first. Fortunately, King Price’s car insurance premiums decrease every month as your car depreciates, so you’re already saving before you even get to the R1 add-on.
King Price car insurance premiums decrease monthly in line with the depreciating value of the insured vehicle, a feature unique to King Price in the South African short-term insurance market.
What can you cover with R1 insurance?
There are four item categories. Each costs R1 per month to add to your policy. Here’s a quick overview, followed by the detail on each one.
| Item category | What is covered | Who it is for |
|---|---|---|
| Bicycle | Loss, theft, and accidental damage | Cyclists who commute, train, or ride recreationally |
| Golf clubs | Loss, theft, and accidental damage to clubs and bag | Golfers who play regularly or own a premium set |
| Hearing aids | Loss, theft, and accidental damage | Anyone who relies on hearing aids daily |
| Motorbike riding gear | Loss, theft, and accidental damage to helmets, jackets, gloves, and boots | Motorbike riders who want their gear protected |
Bicycles
Road bike, mountain bike, or hybrid commuter, your bicycle can be covered. Cover applies to loss, theft, and accidental damage. You declare the value when you add it, and that becomes your sum insured.
Golf clubs
A decent set of golf clubs is a serious investment. R1 insurance covers your clubs and bag against loss, theft, and accidental damage, including gear that goes missing from your boot or gets damaged on the course.
Hearing aids
Hearing aids are expensive to replace and easy to lose or damage. A single device can cost upwards of R15,000 to R30,000. At R1 a month, this is arguably the best-value add-on the king offers. Cover includes loss, theft, and accidental damage.
Motorbike riding gear
Proper riding gear (helmet, jacket, gloves, and boots) is both a safety requirement and a substantial outlay. R1 insurance covers your gear against loss, theft, and accidental damage. This add-on links specifically to your motorbike insurance policy.
How much does R1 insurance cost?
To put that in perspective: add a bicycle and a set of golf clubs, and your total monthly cost is R2. There’s no minimum term beyond your host policy, and no setup fees either.
How R1 insurance fits the King Price philosophy
King Price was built on a simple idea: premiums should reflect what your asset is worth today, not what you paid for it years ago. That’s why car insurance premiums decrease every month as the car depreciates. R1 insurance takes the same thinking further.
If the king can charge you less for your car as it ages, why should protecting your bicycle cost a fortune? It shouldn’t. And now it doesn’t.
At King Price, we know that cash is king. So we're here to put more money back into your pocket every single month, not just on your car insurance, but across everything you value.
King Price Insurance was founded on the principle that short-term insurance premiums should decrease as insured assets depreciate, a model unique in the South African market.
How to add R1 insurance to your King Price policy
How to add R1 insurance to your King Price policy
Follow these steps to add R1 insurance for your bicycle, golf clubs, hearing aids, or motorbike riding gear to an existing King Price policy.
- Tools:
- King Price Self-Service Portal (ssp.kingprice.co.za) or phone
Confirm you have a qualifying policy
Check that you have an active King Price car or motorbike insurance policy. R1 insurance can't be added without a qualifying host policy.
Log in or call
Visit ssp.kingprice.co.za or call 0860 50 50 50 to speak to a consultant. Office hours are Monday to Friday, 08:00 to 18:00.
Choose your R1 item category
Select one or more of the four categories: bicycle, golf clubs, hearing aids, or motorbike riding gear.
Declare the value of the item
Provide the current replacement value. This becomes your sum insured and sets the maximum payout on a claim.
Confirm and save
Review the addition on your policy schedule and confirm. Your R1 cover is active from the next policy period.
King Price R1 Insurance Uptake, Internal Product Data
R1 insurance is one of the most popular add-ons among King Price clients, with bicycle and golf club cover being the most frequently selected categories.
The bottom line
In summary, R1 insurance is one of the simplest ways to protect the things you use every day. Your bicycle, golf clubs, hearing aids, or riding gear, all covered for R1 a month each. The only requirement: you need an active King Price car or motorbike policy first. If you’ve already got one, adding R1 cover takes less than five minutes in the Self-Service Portal.
Not yet a King Price client? Get an instant online quote at ssp.kingprice.co.za, or request a callback at insurance.kingprice.co.za. Once your policy is in place, adding R1 insurance is a single step away.
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