Life has a sneaky way of handing us unexpected bills. A geyser bursts, a car gets dinged in traffic, or your phone takes a tumble it just can’t recover from… When these things happen, you find yourself asking: Should you dip into your savings for these kinds of mishaps, or should you have insurance in place to soften the blow?
Spoiler alert: The king says both matter, but insurance is your knight in shining armour when disaster strikes. Let’s unpack it.
Saving: Perfect for small ‘what-ifs’
Saving money is always smart. A savings account is your stash for holidays, new shoes, or that coffee machine that makes you feel like a barista in your own kitchen. It’s also your first line of defence when minor expenses pop up.
But here’s the reality: Big disasters (think car accidents, floods, or house fires) can wipe out years of savings in a single day. If you’ve ever seen how much it costs to replace a car bumper, you’ll know what we’re talking about.
Insurance: Backup for the big hits
Sometimes, savings just aren’t enough. A new gearbox, a stolen laptop, or storm damage to your home can cost far more than what you’ve put aside. That’s where insurance makes all the difference. For a small monthly premium, your insurer covers the big expenses, so you don’t have to drain your bank account trying to get back on track.
At King Price, we take fairness seriously. That’s why, with us, your comprehensive car insurance premiums decrease every month as your car loses value. While most insurers across the world charge the same regardless, we believe you should only pay for what your car is worth. Nothing more, nothing less.
So… Which is better
Think of saving and insurance like a braai and a salad. You need both for balance. Your savings are for planned expenses and smaller surprises. Insurance is for the big-ticket disasters that could leave your finances in tatters.
Without savings, you might end up using credit cards for everyday emergencies. Without insurance, 1 accident could undo years of careful saving. Together, they work hand-in-hand to protect your lifestyle and bank account.
Why insurance makes sense in South Africa
South Africans know all too well that life can be unpredictable:
- Roads are busy (and not always pothole-free).
- Loadshedding increases the risk of power surges.
- Crime, flooding, and accidents happen.
Insurance helps you prepare for these realities. And with King Price, you don’t just get cover… You get royal service, roadside assistance, and even R1 insurance for things like bicycles, golf clubs, and hearing aids (if you comprehensively insure your car).
Ready to experience it for yourself? Click here for a commitment-free quote or WhatsApp 0860 50 50 50. We’re eager to assist!
FAQs
Can I rely on savings instead of insurance?
Not really. Savings take time to build, and 1 big accident could wipe your stash out overnight. Insurance protects you from major financial shocks.
Is insurance worth it if I already have an emergency fund?
Yes! Insurance covers the really expensive stuff. Your emergency fund can then be used for smaller surprises.
Why should I choose King Price over other insurers?
Because with King Price, your comprehensive car insurance premium decreases monthly as the value of your car decreases! King Price also offers royal service and other perks like roadside assistance.
What’s the cheapest insurance option out there?
It all depends on your needs. With King Price, you can choose from a range of options (from comprehensive to third party only cover). The smartest move? Get a quote and see what works best for you.
Does King Price only insure cars?
Not at all! While King Price is famous for their car insurance premiums that decrease monthly, they also cover homes, trailers, tech, and even your golf clubs and bicycles for just R1 a month when you insure your car comprehensively.